Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1613 Route 9 Halfmoon, NY 12065

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    Contact for pricing

    3,056 sq ft commercial building on busy Route 9.

    Property size:
    3,056 SF
    Lot size:
    1.40 Acres

    Property Features for 1613 Route 9

    General Information

    Standard status
    Contract
    Size
    3,056 SF
    Lot size
    1.40 Acres

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Jennifer L Fortune
    Source: Corcoran

    Listing Agency: FORTUNE REALTY GROUP LLC Listing Agent: Jennifer L Fortune

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Route 9 Restaurant Opportunity

    This 3,056± sq. ft. single-level commercial building, featuring a full walkout basement, is immediately available and offers potential for a restaurant, café, coffee shop, or a variety of commercial uses. The property is located on Route 9, a site with a history of successful restaurant operations. The location has consistent traffic and strong brand visibility. The property includes an expansive on-site parking lot accommodating 70+ vehicles. The rear of the building offers a large grassy area, suitable for outdoor dining, patio seating, or flexible outdoor use. A full walkout basement provides additional storage, prep space, or operational flexibility. A large digital sign is positioned at the front of the building, providing exposure to Route 9 and maximizing visibility and marketing potential.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Halfmoon
    County
    Saratoga
    State
    New York
    Longitude
    -73.7567927
    Latitude
    42.8541691

    Nearby Similar for Sale

    • New
      $565,000
      6,940 SF

      Versatile Commercial Building in Halfmoon

      Spacious building ideal for restaurant, bar, or event venue.
      405 Hudson River Rd, Halfmoon, NY 12188
      View Details
    • $3,000,000
      3,794 SF

      Halfmoon Commercial Building with Business

      Profitable gentleman's club with loyal clientele, business included.
      1915 Us-9, Halfmoon, NY 12065
      View Details
    • New
      $688,000
      Pending

      Halfmoon Brick Duplex For Sale

      Income-producing duplex in Shenendehowa School District with spacious units.
      54 Route 236, Halfmoon, NY 12065
      View Details
    • $1,200,000
      1.24 Acres

      Halfmoon Office Building For Sale

      8,692 SF professional office building for sale in Halfmoon, NY.
      30 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $1,600,000

      Office Building For Sale

      Office building with great potential for an owner-user.
      14 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $1,550,000
      16,356 SF

      Halfmoon Office Building For Sale

      ±16,356 SF Office Building, Ideal Owner/User
      14 Corporate Dr, Halfmoon, NY 12065
      View Details

    FAQs

    What type of property is this?
    Restaurant - 3,056 sq ft commercial building on busy Route 9.
    Where is this restaurant located?
    The property is located at 1613 Route 9 Halfmoon, NY.
    What are key features of this property?
    This property features: - Prime location on busy Route 9 with high visibility and accessibility.; - Proven restaurant site with a history of successful operations.; - Large on-site parking lot accommodating 70+ vehicles.
    (518) 858-2627
    Request Owner's contact information
    1613 Route 9 Halfmoon, NY 12065
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1613 Route 9
    Halfmoon, NY 12065
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1613 Route 9 Halfmoon, NY 12065
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jennifer L Fortune
    (518) 858-2627
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!