Turnkey Diner Restaurant
For Sale
$999,000
21418 State Route 22, Hoosick Falls, NY 12090
Turnkey breakfast and diner restaurant offering includes both the business and the underlying property.
Property Size3,376 SF
Price / SF$295.91
Days on Market156
Property Features for 21418 State Route 22
General Information
Standard status
Active
Size
3,376 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Listing Agency:
Marsh Hometown Realty,LLC
Listed By:
Christian P Marsh · License #10491210956
(518) 961-9077
Source:
Signatureonerealtygroup
Added: Apr 4
Changed: Sep 5
Last Checked: Sep 5 at 9:07AM
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 Marsh Hometown Realty,LLC
Investment Insights
Based on property information with market context.
The Falls Diner, a family-owned and operated staple of the Hoosick Falls area for over 30 years, is available for sale. The offering is presented as turnkey, with the sale including both the property and the business. The current operation is described as supported by a loyal customer base, a dedicated long-term staff, and a smooth operating system.
The restaurant is located at 21418 State Route 22 in Hoosick Falls, NY 12090.
This is a combined real estate and operating business opportunity for buyers seeking an established diner concept with in-place staffing and an operational framework already in use.
The restaurant is located at 21418 State Route 22 in Hoosick Falls, NY 12090.
This is a combined real estate and operating business opportunity for buyers seeking an established diner concept with in-place staffing and an operational framework already in use.
Key Highlights
- Falls Diner is a family‑owned and operated breakfast and diner restaurant available for sale
- Business sale includes both the restaurant and the underlying property
- Operating for over 30 years with a loyal customer base
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
$52,394
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
5.24%
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%
$1,047,880
$1.0M
Cap Rate 7%
$748,486
$748.5K
Cap Rate 9%
$582,156
$582.2K
Market Conditions
NOI Build-Up for 3,376 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
$72.9K $21.60/SF
− Vacancy
−$3.1K −$0.91/SF
EGI
$69.9K $20.69/SF
− OpEx
−$17.5K −$5.17/SF
NOI
$52.4K $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 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%
$1,047,880
Cap Rate 7%
$748,486
Cap Rate 9%
$582,156
Alternative Uses
Best Use
Specialty Retail
$748.5K
$654.9K – $873.2K
NOI $52,394 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$843.9K
$738.5K – $984.6K
NOI $59,076 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12090, NY
6,223
Population
2,714
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
93%
High-School Grad
57.8 sq mi
ZIP Area
108
Density / Sq Mi
$72,500
Median Household Income
$43,125
Median Earnings
$834
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Fall's Diner — 21418 NY-22, Hoosick Falls, NY 12090
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Turnkey breakfast and diner restaurant offering includes both the business and the underlying property.
Where is this breakfast & diner located?
The property is located at 21418 State Route 22 Hoosick Falls, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Falls Diner is a family‑owned and operated breakfast and diner restaurant available for sale; Business sale includes both the restaurant and the underlying property; Operating for over 30 years with a loyal customer base
