German Restaurant with
For Sale
$549,999
352 Quaker Rd, Queensbury, NY 12804
COMMERCIAL - Queensbury, NY
Property Size1,200 SF
Lot Size0.37 Acres
Price / SF$458.33
Days on Market52
Property Features for 352 Quaker Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Driveway
Patio and Porch features
Patio
Standard status
Active
Size
1,200 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Annual Amount
4816
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1972
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
EXP REALTY
(888) 276-0630
Listed By:
Wayne Hartard · License #10301219674
Added: Jun 19
Changed: Aug 4
Last Checked: Aug 9 at 7:06AM
MLS# 11831486
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Heidelberg Restaurant is a well-established German restaurant property that includes the building, land, furniture, fixtures, and equipment, along with business rights, branding, recipes, and goodwill. The offering provides a turnkey setup for continuing restaurant operations, or the included real estate can be redeveloped or repurposed for another commercial venture, subject to local approvals.
Set on 0.37 acres at 352 Quaker Rd in Queensbury, NY (Warren County), the property totals 1,200 square feet. Construction materials include stucco, with an asphalt roof. Heating is provided by forced air systems using natural gas. Exterior amenities include a patio, and parking is available via a driveway.
Interior details include two bathrooms. Public water service is listed for the property, supporting ongoing operations or future commercial use.
Set on 0.37 acres at 352 Quaker Rd in Queensbury, NY (Warren County), the property totals 1,200 square feet. Construction materials include stucco, with an asphalt roof. Heating is provided by forced air systems using natural gas. Exterior amenities include a patio, and parking is available via a driveway.
Interior details include two bathrooms. Public water service is listed for the property, supporting ongoing operations or future commercial use.
Key Highlights
- 0.37 acres of land
- 1,200 square feet total building area
- Built in 1972 with stucco construction and an asphalt roof
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
$15,520
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
2.82%
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%
$310,400
$310.4K
Cap Rate 7%
$221,714
$221.7K
Cap Rate 9%
$172,444
$172.4K
Market Conditions
NOI Build-Up for 1,200 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
$21.6K $18.00/SF
− Vacancy
−$907 −$0.76/SF
EGI
$20.7K $17.24/SF
− OpEx
−$5.2K −$4.31/SF
NOI
$15.5K $12.93/SF
Area
Warren 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 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%
$310,400
Cap Rate 7%
$221,714
Cap Rate 9%
$172,444
Alternative Uses
Best Use
Specialty Retail
$221.7K
$194.0K – $258.7K
NOI $15,520 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.2K
$314.3K – $419.0K
NOI $25,142 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
Hoffman Car Wash
Shops & Services
22,716 visits/mo
0.4 miles
Applebee's
Dining
14,705 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
9,518 visits/mo
0.3 miles
Denny's
Dining
7,678 visits/mo
0.5 miles
Jiffy Lube
Shops & Services
4,375 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - German restaurant property with a patio, driveway parking, and forced-air natural gas heating.
Where is this conventional restaurant located?
The property is located at 352 Quaker Rd Queensbury, NY.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: 0.37 acres of land; 1,200 square feet total building area; Built in 1972 with stucco construction and an asphalt roof
