Retail Suite in Meadowbrook
For Sale
Contact for pricing
324 Quaker Road #6, Queensbury, NY 12804
The occupant pays utilities, and established businesses operate elsewhere in the center.
Property Size35,775 SF
Price / SF$0.06
Days on Market210
Property Features for 324 Quaker Road #6
General Information
Standard status
Active
Size
35,775 SF
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Ai Flooring, Quaker Animal Hospital, Auto Parts international, Queensbury Billiards
Traffic Count
19,000 vehicles/day
Building Details
Year Built
1987
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 793-6628
Listed By:
Robert L Sears · License #30SE0274629
(518) 793-7940
Source:
Simplywoodardrealestate
Added: Apr 7
Changed: Nov 1
Last Checked: Nov 1 at 3:27PM
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 Berkshire Hathaway Home Services Blake
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 6 offers 2,400 square feet of retail space at Meadowbrook Plaza, a property built in 1987. The suite occupant is responsible for utility costs.
The plaza has 328 feet of frontage on Quaker Road, where the traffic count is 19,000 per day. Other businesses in the center include Ai Flooring, Quaker Animal Hospital, Auto Parts International, and Queensbury Billiards.
The plaza has 328 feet of frontage on Quaker Road, where the traffic count is 19,000 per day. Other businesses in the center include Ai Flooring, Quaker Animal Hospital, Auto Parts International, and Queensbury Billiards.
Key Highlights
- 2,400 SF retail suite, designated Suite 6
- 328' of frontage on Quaker Road
- Quaker Road traffic count of 19,000 per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$345,587
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,911,740
$6.9M
Cap Rate 7%
$4,936,957
$4.9M
Cap Rate 9%
$3,839,856
$3.8M
Market Conditions
NOI Build-Up for 35,775 SF
Gross rent
$536.6K $15.00/SF
− Vacancy
−$42.9K −$1.20/SF
EGI
$493.7K $13.80/SF
− OpEx
−$148.1K −$4.14/SF
NOI
$345.6K $9.66/SF
Area
Warren County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,911,740
Cap Rate 7%
$4,936,957
Cap Rate 9%
$3,839,856
Alternative Uses
Best Use
Retail
$4.94M
$4.32M – $5.76M
NOI $345,587 @ 7.0% cap · market cap 17,279.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.71M
$9.37M – $12.49M
NOI $749,558 @ 7.0% cap · market cap 37,477.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
19,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Home Improvements & Furnishings 37%
Dining 22%
Lowe's
Home Improvements & Furnishings
36,844 visits/mo
0.4 miles
Hoffman Car Wash
Shops & Services
22,716 visits/mo
0.2 miles
Applebee's
Dining
14,705 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
9,518 visits/mo
0.5 miles
Denny's
Dining
7,678 visits/mo
0.3 miles
Demographics for 12804, NY
27,790
Population
13,287
Households
2.1
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
54.7 sq mi
ZIP Area
508
Density / Sq Mi
$90,074
Median Household Income
$50,368
Median Earnings
$1,209
Median Rent
$284,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The occupant pays utilities, and established businesses operate elsewhere in the center.
Where is this retail space located?
The property is located at 324 Quaker Road #6 Queensbury, NY.
What are key features of this property?
This property features: 2,400 SF retail suite, designated Suite 6; 328' of frontage on Quaker Road; Quaker Road traffic count of 19,000 per day
