Waterfront Restaurant with Marina
For Sale
Contact for pricing
266 County Route 7, Nassau, NY 12123
Turn-key waterfront restaurant with lake access in Nassau, NY.
Property Size1,150 SF
Price / SF$233.04
Days on Market265
Property Features for 266 County Route 7
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Retail
Listing Agency:
Realty ONE Group Key - Clifton Park
(518) 421-7364
Listed By:
Yan Wang · License #10401356460
Source:
Crexi
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 Realty ONE Group Key - Clifton Park
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a fully operational, single-story waterfront restaurant on Nassau Lake. The property has been in continuous operation for decades and offers a combination of hospitality, lake access, and long-term commercial upside. It features direct lake frontage and a private dock area where customers can arrive by boat. The property is zoned MC (Mixed Commercial), supporting a wide range of commercial and hospitality uses. The restaurant includes indoor dining space, a service bar, and a fully equipped commercial kitchen. It also features updated FF&E, including two new deep fryers (2024), flat-screen TVs, and multiple equipment upgrades. A powered outdoor pavilion adds potential for expanded seasonal dining, events, or lakeside service. Ample parking and strong visibility along County Route 7 support year-round traffic. The property size is 1150 square feet. This waterfront position, long operating history, and flexible zoning make this property ideal for a new owner-operator, an experienced hospitality group, or an investor seeking a scarce waterfront commercial asset in the Capital Region.
Key Highlights
- Direct waterfront location on Nassau Lake with private dock access
- Fully operational, turn‑key restaurant with long operating history
- MC (mixed commercial) zoning allows for diverse commercial and hospitality uses
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
$17,848
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
6.66%
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%
$356,960
$357.0K
Cap Rate 7%
$254,971
$255.0K
Cap Rate 9%
$198,311
$198.3K
Market Conditions
NOI Build-Up for 1,150 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
$24.8K $21.60/SF
− Vacancy
−$1.0K −$0.91/SF
EGI
$23.8K $20.69/SF
− OpEx
−$5.9K −$5.17/SF
NOI
$17.8K $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%
$356,960
Cap Rate 7%
$254,971
Cap Rate 9%
$198,311
Alternative Uses
Best Use
Specialty Retail
$255.0K
$223.1K – $297.5K
NOI $17,848 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.5K
$251.6K – $335.4K
NOI $20,124 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12123, NY
5,096
Population
2,346
Households
2.2
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
31.8 sq mi
ZIP Area
160
Density / Sq Mi
$104,438
Median Household Income
$54,646
Median Earnings
$959
Median Rent
$275,000
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 - Turn-key waterfront restaurant with lake access in Nassau, NY.
Where is this conventional restaurant located?
The property is located at 266 County Route 7 Nassau, NY.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: Direct waterfront location on Nassau Lake with private dock access; Fully operational, turn‑key restaurant with long operating history; MC (mixed commercial) zoning allows for diverse commercial and hospitality uses
