Drive-Through Retail
For Sale
$350,000
186 Main Street, Ravena, NY 12143
Well-maintained commercial building with private parking for 30+ and visibility on busy 9W.
Property Size1,240 SF
Price / SF$282.26
Days on Market59
Property Features for 186 Main Street
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Commercial
Site & Location
Traffic Count
10,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1970
Listing Agency:
Keller Williams Realty Hudson Valley United
(518) 719-5800
Listed By:
Dave Merchant · License #10401290467
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 29
Changed: Aug 24
Last Checked: Aug 26 at 10:20AM
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 Keller Williams Realty Hudson Valley United
Investment Insights
Based on property information with market context.
This well-maintained commercial building is for sale and offers a versatile layout suited to a range of retail and service users. The property is positioned to support businesses such as mortgage lenders, banks, insurance companies, CPA offices, pharmacies, and drive-through concepts, with modern amenities built into the offering.
The location features a high traffic count on 9W of approximately 10,000 vehicles per day, supported by private parking for more than 30 cars. The combination of accessibility for customers and convenient on-site parking makes the building practical for day-to-day operations.
Overall, the configuration and current condition make this a strong fit for organizations looking for a drive-through-capable footprint with ample parking and steady roadway exposure.
The location features a high traffic count on 9W of approximately 10,000 vehicles per day, supported by private parking for more than 30 cars. The combination of accessibility for customers and convenient on-site parking makes the building practical for day-to-day operations.
Overall, the configuration and current condition make this a strong fit for organizations looking for a drive-through-capable footprint with ample parking and steady roadway exposure.
Key Highlights
- Well‑maintained commercial building built in 1970
- High traffic count on 9W of about 10,000 cars per day
- Private parking for over 30 cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,037
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,740
$320.7K
Cap Rate 7%
$229,100
$229.1K
Cap Rate 9%
$178,189
$178.2K
Market Conditions
NOI Build-Up for 1,240 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.3K $18.00/SF
− Vacancy
−$937 −$0.76/SF
EGI
$21.4K $17.24/SF
− OpEx
−$5.3K −$4.31/SF
NOI
$16.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,740
Cap Rate 7%
$229,100
Cap Rate 9%
$178,189
Alternative Uses
Best Use
Specialty Retail
$229.1K
$200.5K – $267.3K
NOI $16,037 @ 7.0% cap · market cap 4.58%
Second Best
Retail
$213.8K
$187.1K – $249.5K
NOI $14,968 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$386.9K
$338.6K – $451.4K
NOI $27,085 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 31%
Dining 28%
Home Improvements & Furnishings 5%
Shop 'n Save
Groceries
12,111 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
10,034 visits/mo
0.3 miles
Dunkin' Donuts
Dining
8,121 visits/mo
0.2 miles
True Value
Home Improvements & Furnishings
1,802 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
1,760 visits/mo
0.2 miles
Demographics for 12143, NY
4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Well-maintained commercial building with private parking for 30+ and visibility on busy 9W.
Where is this bank located?
The property is located at 186 Main Street Ravena, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Well‑maintained commercial building built in 1970; High traffic count on 9W of about 10,000 cars per day; Private parking for over 30 cars
