Restaurant with Adjoining
17 Cherry Plain Square, Berlin, NY 12022
For Sale
$930,000
Separate bar and dining areas connect to a space used for dancing and events.
Property Size5,500 SF
Price / SF$169.09
Days on Market120
Property Features for 17 Cherry Plain Square
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
Ballroom
Building Details
Building Size
Buildings
Listing Agency:
Barns and Farms Realty LLC
(518) 822-0226
Listed By:
David A. Birch · License NY 40BI0655816
(518) 928-7239
Source:
Jwsrealtygroup
Added: Jul 17
Changed: Nov 12
Last Checked: Nov 13 at 4:47PM
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 Barns and Farms Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,500-square-foot restaurant property combines separate bar and dining areas with an adjoining ballroom. The ballroom has been used for dancing and events. The property is described as new construction.
The facility is just off Route 22 and near Ski Jiminy.
The facility is just off Route 22 and near Ski Jiminy.
Key Highlights
- 5,500‑square‑foot restaurant and catering facility
- Separate bar and restaurant areas with an adjoining ballroom
- Ballroom space for dancing and events
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,358
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,707,160
$1.7M
Cap Rate 7%
$1,219,400
$1.2M
Cap Rate 9%
$948,422
$948.4K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$118.8K $21.60/SF
− Vacancy
−$5.0K −$0.91/SF
EGI
$113.8K $20.69/SF
− OpEx
−$28.5K −$5.17/SF
NOI
$85.4K $15.52/SF
Area
Rensselaer County, NY
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,707,160
Cap Rate 7%
$1,219,400
Cap Rate 9%
$948,422
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,358 @ 7.0% cap · market cap 9.18%
Second Best
Industrial
$830.4K
$726.6K – $968.8K
NOI $58,129 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,244 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12022, NY
896
Population
455
Households
2
Avg Household Size
45
Median Age
25%
College-Educated
81%
High-School Grad
23.7 sq mi
ZIP Area
38
Density / Sq Mi
$77,386
Median Household Income
$41,532
Median Earnings
$1,073
Median Rent
$179,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Rensselaer County, NY
Properties on Market for Conventional restaurants in Rensselaer County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Separate bar and dining areas connect to a space used for dancing and events.
Where is this conventional restaurant located?
The property is located at 17 Cherry Plain Square Berlin, NY.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: 5,500‑square‑foot restaurant and catering facility; Separate bar and restaurant areas with an adjoining ballroom; Ballroom space for dancing and events
