Turn-Key Restaurant with Full
For Sale
$895,000
212 MAIN ST, Oneida, NY 13421
Built in 2011, this restaurant offers a full bar, a well-equipped kitchen, and dedicated parking for guests.
Property Size4,058 SF
Lot Size0.50 Acres
Price / SF$220.55
Days on Market451
Property Features for 212 MAIN ST
General Information
Standard status
Active
Size
4,058 SF
Lot size
0.50 Acres
Property subtype
General Commercial
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$21,615
Amenities
full bar
walk-in coolers
sunroom
Gas
3
Shingle
DC
22 Parking Spaces. On Site.
Rectangular
24X80
Rectangular.
Building Details
Year Built
2011
Listing Agency:
Hunt Real Estate ERA
Listed By:
Ashley Howard
(315) 363-5533
Source:
Xome
Added: Jun 13, 2025
Changed: Sep 2
Last Checked: Sep 5 at 5:23AM
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 Hunt Real Estate ERA
Investment Insights
Based on property information with market context.
Built in 2011, this approximately 4,000-square-foot restaurant is set up for dine-in service and private events, with seating for about 120 guests plus a bright sunroom. The space includes a full bar and a functional commercial kitchen, with walk-in coolers on both the main level and in the basement.
Located in historic downtown Oneida on nearly a half-acre lot along one of the area’s busiest roads, the property offers its own dedicated parking lot along with convenient on-street parking.
The layout is designed for efficient operations, and nearly all equipment and furnishings are included, creating a turn-key opportunity for an owner-operator or investor.
Located in historic downtown Oneida on nearly a half-acre lot along one of the area’s busiest roads, the property offers its own dedicated parking lot along with convenient on-street parking.
The layout is designed for efficient operations, and nearly all equipment and furnishings are included, creating a turn-key opportunity for an owner-operator or investor.
Key Highlights
- 4,000+ SF restaurant built in 2011 in downtown Oneida on a nearly half‑acre lot
- Full bar and layout designed for dine‑in service, private events, and expanded concepts
- Kitchen includes walk‑in coolers on both the main level and in the basement
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
$44,466
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
4.97%
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%
$889,320
$889.3K
Cap Rate 7%
$635,229
$635.2K
Cap Rate 9%
$494,067
$494.1K
Market Conditions
NOI Build-Up for 4,058 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
$60.9K $15.00/SF
− Vacancy
−$1.6K −$0.39/SF
EGI
$59.3K $14.61/SF
− OpEx
−$14.8K −$3.65/SF
NOI
$44.5K $10.96/SF
Area
Madison County, NY
Vacancy
2.60%
Lease Rate
$15.00 /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%
$889,320
Cap Rate 7%
$635,229
Cap Rate 9%
$494,067
Alternative Uses
Best Use
Industrial
$1.36M
$1.19M – $1.59M
NOI $95,400 @ 7.0% cap · market cap 10.66%
Second Best
Specialty Retail
$635.2K
$555.8K – $741.1K
NOI $44,466 @ 7.0% cap · market cap 4.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13421, NY
12,807
Population
5,953
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
90%
High-School Grad
40.1 sq mi
ZIP Area
319
Density / Sq Mi
$63,732
Median Household Income
$42,189
Median Earnings
$846
Median Rent
$147,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built in 2011, this restaurant offers a full bar, a well-equipped kitchen, and dedicated parking for guests.
Where is this conventional restaurant located?
The property is located at 212 MAIN ST Oneida, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 4,000+ SF restaurant built in 2011 in downtown Oneida on a nearly half‑acre lot; Full bar and layout designed for dine‑in service, private events, and expanded concepts; Kitchen includes walk‑in coolers on both the main level and in the basement
