Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Building For Sale Title is generated by Realmo AI

    405 Hudson River Road, Waterford, NY 12188

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $565,000

    Stand-alone commercial building suitable for restaurant, bar, or event venue.

    Type:Commercial
    Property size:
    6,940 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $81/SF
    Added:
    Jan 16, 2026
    Days on Market:
    120
    Last Refresh:
    Apr 5 at 9:13 pm

    Property Features for 405 Hudson River Road

    General Information

    Standard status
    Active
    Size
    6,940 SF
    Lot size
    1.20 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    APRIL M TRUDEAU

    Listing agent APRIL M TRUDEAU

    Listing office FIELD REALTY

    Listing date Jan 16, 2026

    Source Corcoran

    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 FIELD REALTY

    HighLights

    • Spacious stand‑alone commercial building
    • Large banquet room with back bar
    • Oversized commercial kitchen
    • Ample parking with front and large lot access
    • Two sets of restrooms
    • Ideal for restaurant, bar, event venue, or adaptive reuse

    Overview

    This stand-alone commercial building offers a versatile space suitable for various business ventures. The property features a large banquet room equipped with a back bar, providing an ideal setting for events and gatherings. An oversized commercial kitchen is present, catering to the needs of a restaurant or catering service. The building includes two sets of restrooms. Ample parking is available, with access from both the front and a large lot, accommodating a high volume of customers or employees. The property is suitable for use as a restaurant, bar, event venue, or for adaptive reuse. The building size is 6,940 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    True Realty Team Real Estate Agency Norrine's Restaurant Restaurant HANSEN CONSTRUCTION Construction Company

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Storage Facility Bar & Pub Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Saratoga
    State
    New York
    Longitude
    -73.6667
    Latitude
    42.8258

    Nearby Similar for Sale

    • $388,000
      4,287 SF

      Waterford Commercial Property For Sale

      Commercial property in Waterford, NY, suitable for various uses.
      122 1st Avenue, Waterford, NY 12188
      View Details
    • $388,000
      3,818 SF

      Victorian Multi-Family Investment Opportunity

      Legal 4-unit building with Mohawk River views and parking.
      8 Saratoga Avenue, Waterford, NY 12188
      View Details
    • $372,000
      3,801 SF

      Updated Three-Family Brick Building

      Classic three-family building with modern amenities and immediate cash flow.
      69 Saratoga Avenue, Waterford, NY 12188
      View Details
    • $289,900
      1,984 SF

      Waterford Two-Family Riverfront Property

      Well-maintained two-family home with Hudson River frontage.
      141 Second Street, Waterford, NY 12188
      View Details
    • $225,000
      2,364 SF

      Multi-Family Property with Investment Potential

      Multi-family property in Waterford, NY, offering investment or owner-occupied opportunity.
      8 First Street, Waterford, NY 12188
      View Details
    • $125,000
      2,600 SF

      Historic Riverfront Colonial Revival Home

      Spectacular 1890s riverfront home in historic Waterford, NY.
      32 Front Street, Waterford, NY 12188
      View Details
    • $199,900
      2,302 SF

      Waterford Two-Family Home For Sale

      Two-unit property in Waterford, New York, with income potential.
      28 Mohawk Avenue, Waterford, NY 12188
      View Details
    • $388,000
      4,287 SF

      Waterford Flex Space For Sale

      Flex space property in Waterford, suitable for various uses.
      122 1st Avenue, Waterford, NY 12188
      View Details
    • $349,900
      3,559 SF

      Waterford Commercial Building For Sale

      Commercial building in Waterford's business district, suitable for investment.
      27 Division Street, Waterford, NY 12188
      View Details
    • $388,000
      4,287 SF

      Versatile Commercial Property in Waterford

      Adaptable commercial space with parking and multiple overhead doors.
      122 1st Avenue, Waterford, NY
      View Details
    • $125,000
      2,600 SF

      Historic Riverfront Colonial Revival Home

      Spectacular 1890s riverfront home with historic and cultural significance.
      32 Front Street, Waterford, NY 12188
      View Details
    • Contact for pricing
      54,399 SF

      Waterford Industrial Property with Rail

      Industrial property with rail access and substantial infrastructure in Waterford.
      7 Schoolhouse Ln, Waterford, NY
      View Details

    FAQs

    What type of property is this?
    Restaurant - Stand-alone commercial building suitable for restaurant, bar, or event venue.
    Where is this restaurant located?
    The property is located at 405 Hudson River Road Waterford, NY.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: Spacious stand‑alone commercial building; Large banquet room with back bar; Oversized commercial kitchen
    (518) 495-1877
    We can help!
    Listing Contact
    APRIL M TRUDEAU
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    405 Hudson River Road, Waterford, NY 12188
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!