Restaurant Space with Exhaust
For Sale
Contact for pricing
16 Main Street, Warwick, NY 10990
A separate kitchen and operable front windows connect the space to the sidewalk.
Property Size3,678 SF
Price / SF$1.09
Days on Market28
Property Features for 16 Main Street
General Information
Standard status
Active
Size
3,678 SF
Property subtype
Mixed Use
Additional Details
Corner Location
Yes
Commercial Hood
Yes
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 3
Changed: Oct 30
Last Checked: Oct 30 at 1:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Restaurant space at 16 Main Street features a broad dining area, a separate kitchen with an exhaust hood, and main-level storage. The approximately 1,475-square-foot interior also has windows at both the front and rear, bringing in natural light and opening views toward Wawayanda Creek.
The property is at Main Street and West Street. Front windows can open toward the sidewalk, while the rear windows face the creek.
The property is at Main Street and West Street. Front windows can open toward the sidewalk, while the rear windows face the creek.
Key Highlights
- Approximately 1,475 square feet of restaurant space
- Separate kitchen equipped with an exhaust hood
- Large front‑of‑house area and main‑level storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,977
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,540
$639.5K
Cap Rate 7%
$456,814
$456.8K
Cap Rate 9%
$355,300
$355.3K
Market Conditions
NOI Build-Up for 3,678 SF
Gross rent
$44.1K $12.00/SF
− Vacancy
−$1.5K −$0.41/SF
EGI
$42.6K $11.59/SF
− OpEx
−$10.7K −$2.90/SF
NOI
$32.0K $8.69/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,540
Cap Rate 7%
$456,814
Cap Rate 9%
$355,300
Alternative Uses
Best Use
Specialty Retail
$456.8K
$399.7K – $533.0K
NOI $31,977 @ 7.0% cap · market cap 799.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,199 @ 7.0% cap · market cap 2,179.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10990, NY
19,877
Population
8,394
Households
2.4
Avg Household Size
46
Median Age
50%
College-Educated
95%
High-School Grad
61.4 sq mi
ZIP Area
324
Density / Sq Mi
$123,199
Median Household Income
$64,723
Median Earnings
$1,387
Median Rent
$462,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A separate kitchen and operable front windows connect the space to the sidewalk.
Where is this conventional restaurant located?
The property is located at 16 Main Street Warwick, NY.
What are key features of this property?
This property features: Approximately 1,475 square feet of restaurant space; Separate kitchen equipped with an exhaust hood; Large front‑of‑house area and main‑level storage room
