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

    1904 Broadway Watervliet, NY 12189

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,900

    Commercial property suitable for retail, auto repair, and vehicle sales.

    Type:Commercial
    Property size:
    2,300 SF
    Lot size:
    0.26 Acres
    Added:
    Apr 17, 2025
    Days on Market:
    369
    Last Refresh:
    Apr 5 at 9:16 pm

    Property Features for 1904 Broadway

    General Information

    Standard status
    Active
    Size
    2,300 SF
    Lot size
    0.26 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    AMJAD MUGHAL

    Listing agent AMJAD MUGHAL

    Listing office M J J REALTY

    Listing date Apr 17, 2025

    Source Corcoran

    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 M J J REALTY

    Overview

    Versatile Commercial Property on Broadway

    The property at 1904 Broadway is a commercial property with expansive potential. Zoned for a wide range of commercial uses, this structure is suited for retail, wholesale, auto repair, vehicle sales, and various service-based enterprises. The property features a detached garage to accommodate operational needs, multiple overhead doors, designated office spaces, and a paved lot offering ample room for business operations, including outdoor display or parking. The shop area includes several private offices, while the indoor car bay can accommodate up to two vehicles. The lobby is bright and inviting, enhanced by large windows and a flexible layout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Good Year Tires — Watervliet, NY 12189
    • Lenny’s Auto — 1205 5th Ave, Watervliet, NY 12189
    • Whalen Automotive — 1003 9th Ave, Watervliet, NY 12189
    • Mamone's Auto Body — 1261 Broadway B, Watervliet, NY 12189
    • Kennedys Towing Equipment — 267 3rd St, Troy, NY 12180

    Location Insight

    • Map
    • Local Demand
    City
    Watervliet
    County
    Albany
    State
    New York
    Longitude
    -73.6998
    Latitude
    42.7302

    Nearby Similar for Sale

    • $4,400,000
      3,724 SF

      Watervliet Multi-Family Investment Opportunity

      Well-maintained, renovated 4-unit building with desirable amenities in Watervliet, NY.
      2413-2415 6th Avenue, Watervliet, NY 12189
      View Details
    • $4,400,000
      5,488 SF

      Watervliet Multifamily Investment Opportunity

      Well-maintained 7-unit building with parking and tenant-paid utilities.
      19 Idlewild Park, Watervliet, NY 12189
      View Details
    • $4,400,000
      11,296 SF

      Watervliet Multi-Family Investment Opportunity

      Well-maintained 10-unit building with diverse layouts in Watervliet, NY.
      201-209 13th Street, Watervliet, NY 12189
      View Details
    • $229,999
      2,430 SF

      Watervliet Two-Family Investment Opportunity

      Two-unit property in Watervliet, ideal for investors or owner-occupants.
      1333 Broadway, Watervliet, NY 12189
      View Details
    • $449,900
      2,728 SF

      Watervliet Two-Family Home with Garage

      Two-family home on a corner lot with a three-car garage.
      343 Watervliet Shaker Road, Watervliet, NY 12189
      View Details
    • $234,900
      2,464 SF

      Watervliet Duplex: Investment Opportunity

      Well-maintained duplex in Watervliet with income potential.
      1525 6th Avenue, Watervliet, NY 12189
      View Details
    • $585,000
      4,920 SF

      Watervliet Service Building For Sale

      4920 sq. ft. service building suitable for multiple businesses.
      411 19th Street, Watervliet, NY 12189
      View Details
    • $296,000
      2,130 SF

      Watervliet Two-Family House with Garage

      Well-maintained two-family house with garage in Watervliet, NY.
      616 23rd Street, Watervliet, NY 12189
      View Details
    • $270,000
      2,560 SF

      Watervliet Two-Family Investment Opportunity

      Well-maintained two-family property with strong rental potential.
      902 19th Street, Watervliet, NY 12189
      View Details
    • $274,900
      1,784 SF

      Renovated Duplex in Watervliet, NY

      Fully renovated duplex near shops and highways, ideal for investors.
      1529 7th Avenue, Watervliet, NY 12189
      View Details
    • $259,000
      2,384 SF

      Spacious Two-Family Property

      Two-family property with flexible layout and convenient location.
      585 6th Avenue, Watervliet, NY 12189
      View Details
    • $275,000
      2,392 SF

      Watervliet Two-Unit Home

      Well-maintained two-unit home in a convenient Watervliet neighborhood.
      504 Second Street, Watervliet, NY 12189
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial property suitable for retail, auto repair, and vehicle sales.
    Where is this auto shop located?
    The property is located at 1904 Broadway Watervliet, NY.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Prime commercial property with expansive potential due to flexible zoning.; Generously paved lot offers ample room for business operations, outdoor display, or parking.; Multiple overhead doors facilitate various operational needs.
    (518) 253-8878
    We can help!
    Listing Contact
    AMJAD MUGHAL
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!