Building Details

Building Size 1,190 SF

Listing Agency: KW Hudson Valley United k***@kw.com Show Phone

Listed By: Joseph J. Rubeo · License #10301215547 Show Phone

Source: Croninreale

Added: Jun 30 Changed: Oct 23 Last Checked: Oct 23 at 9:51AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This restaurant property is offered with an established deli business that has operated for more than 15 years. Its service mix includes breakfast, lunch and dinner, along with household products, beer sales, lottery service and an on-site ATM. The property is zoned C.

The deli is adjacent to the local post office and serves residents, town employees and contractors. The business and real estate are being offered together.

Key Highlights

• Restaurant property offered with the operating deli business
• Deli has operated for more than 15 years
• Serves breakfast, lunch and dinner

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,390

Cap Rate

3.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$307,800 $307.8K

Cap Rate 7%

$219,857 $219.9K

Cap Rate 9%

$171,000 $171.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,190 SF

Gross rent

$21.4K $18.00/SF

− Vacancy

−$900 −$0.76/SF

EGI

$20.5K $17.24/SF

− OpEx

−$5.1K −$4.31/SF

NOI

$15.4K $12.93/SF

Area

Sullivan 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 Rate 5%

$307,800

Cap Rate 7%

$219,857

Cap Rate 9%

$171,000

Alternative Uses

Best Use

Specialty Retail

$219.9K

$192.4K – $256.5K (±1% cap)

NOI $15,390 @ 7.0% cap · market cap 3.11%

Second Best

Retail

$205.2K

$179.6K – $239.4K (±1% cap)

NOI $14,364 @ 7.0% cap · market cap 2.90%

Theoretical Best

Office A

$326.4K

$285.6K – $380.8K (±1% cap)

NOI $22,848 @ 7.0% cap · market cap 4.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Bakery Law Firm Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 12722, NY

120

Population

52

Households

2.3

Avg Household Size

51

Median Age

0.3 sq mi

ZIP Area

400

Density / Sq Mi

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - The operating business offers household goods, beer, lottery sales and an on-site ATM.

Where is this conventional restaurant located?

The property is located at 3 Hamilton Road Burlingham, NY.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Restaurant property offered with the operating deli business; Deli has operated for more than 15 years; Serves breakfast, lunch and dinner