Freestanding Restaurant
For Sale
$585,000
1785 Western Avenue, Guilderland, NY 12203
Renovated restaurant property with on-site parking and a finished commercial layout.
Property Size1,714 SF
Price / SF$341.31
Days on Market50
Property Features for 1785 Western Avenue
General Information
Standard status
Active
Size
1,714 SF
Total Parking Spaces
14
Zoning
Mixed
Taxes and HOA fees
Annual Taxes
$9,465
Building Details
Year Renovated
2020
Buildings
1
Listing Agency:
Jandali Realty
Listed By:
Kareem Jandali · License #10371200250
(518) 542-3506
Source:
Capmarkrealty
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 4:58AM
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 Jandali Realty
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.
This freestanding restaurant property offers 1,714 SF of built-out space with an efficient interior arrangement and modern finishes. Renovations were completed in 2020, and the building is configured for restaurant operations with approximately 14 parking spots on site.
The property fronts Western Ave in Guilderland and is positioned near the Capital Region’s first Costco. Its location provides direct exposure to a heavily traveled commercial corridor, with surrounding retail activity supporting customer access and visibility. Mixed zoning is in place.
The property fronts Western Ave in Guilderland and is positioned near the Capital Region’s first Costco. Its location provides direct exposure to a heavily traveled commercial corridor, with surrounding retail activity supporting customer access and visibility. Mixed zoning is in place.
Key Highlights
- 1,714 SF freestanding restaurant building
- Renovated in 2020 with modern finishes
- Approximately 14 parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,167
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,340
$443.3K
Cap Rate 7%
$316,671
$316.7K
Cap Rate 9%
$246,300
$246.3K
Market Conditions
NOI Build-Up for 1,714 SF
Gross rent
$30.9K $18.00/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$29.6K $17.24/SF
− OpEx
−$7.4K −$4.31/SF
NOI
$22.2K $12.93/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,340
Cap Rate 7%
$316,671
Cap Rate 9%
$246,300
Alternative Uses
Best Use
Specialty Retail
$316.7K
$277.1K – $369.5K
NOI $22,167 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$295.6K
$258.6K – $344.8K
NOI $20,689 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$534.8K
$468.0K – $624.0K
NOI $37,439 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 25%
Home Improvements & Furnishings 15%
Cumberland Farms
Shops & Services
8,399 visits/mo
0.4 miles
Jimmy's Egg
Dining
4,445 visits/mo
0.1 miles
Robinson's Hardware
Home Improvements & Furnishings
3,958 visits/mo
0.5 miles
AutoZone
Shops & Services
3,152 visits/mo
0.1 miles
SUBWAY
Dining
2,114 visits/mo
0.1 miles
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Restaurant - Renovated restaurant property with on-site parking and a finished commercial layout.
Where is this restaurant located?
The property is located at 1785 Western Avenue Guilderland, NY.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,714 SF freestanding restaurant building; Renovated in 2020 with modern finishes; Approximately 14 parking spots
