Grocery Market with
New
For Sale
$669,000
4919 Western Tpke, Duanesburg, NY 12056
The sale combines an operating food business, its building, real estate, fixtures, and equipment.
Property Size1,575 SF
Price / SF$424.76
Days on Market2
Property Features for 4919 Western Tpke
General Information
Standard status
Active
Size
1,575 SF
Total Parking Spaces
15
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,033
Listing Agency:
Howard Hanna Capital Inc
(518) 370-3170
Listed By:
William Coons · License #10301213083
(518) 605-2442
Source:
Exprealty
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 2:02PM
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 Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
The offering at 4919 Western Tpke in Duanesburg, New York, combines a grocery and meat market business with its commercial building and real estate. The approximately 1,575-square-foot property has supported the business for 14 years. Its product mix includes custom-cut meats, fresh vegetables, made-to-order sandwiches, and frozen foods. Fixtures and equipment are included in the sale, along with the business and property.
Parking accommodates approximately 15 vehicles, and the property has room for additional parking. The existing operation and its included equipment provide a defined starting point for continuing the market’s current food retail offering.
Parking accommodates approximately 15 vehicles, and the property has room for additional parking. The existing operation and its included equipment provide a defined starting point for continuing the market’s current food retail offering.
Key Highlights
- Business, building, real estate, fixtures, and equipment are included
- Approximately 1,575‑square‑foot commercial building
- Market has operated for 14 years
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
$22,135
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
3.31%
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%
$442,700
$442.7K
Cap Rate 7%
$316,214
$316.2K
Cap Rate 9%
$245,944
$245.9K
Market Conditions
NOI Build-Up for 1,575 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
$30.8K $19.56/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$29.5K $18.74/SF
− OpEx
−$7.4K −$4.68/SF
NOI
$22.1K $14.05/SF
Area
Schenectady County, NY
Vacancy
4.20%
Lease Rate
$19.56 /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%
$442,700
Cap Rate 7%
$316,214
Cap Rate 9%
$245,944
Alternative Uses
Best Use
Specialty Retail
$316.2K
$276.7K – $368.9K
NOI $22,135 @ 7.0% cap · market cap 3.31%
Second Best
Retail
$271.6K
$237.7K – $316.9K
NOI $19,012 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$471.4K
$412.5K – $550.0K
NOI $32,999 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,154 visits/mo
0.5 miles
NBT Bank
Shops & Services
2,325 visits/mo
0.1 miles
Demographics for 12056, NY
2,192
Population
805
Households
2.7
Avg Household Size
50
Median Age
33%
College-Educated
99%
High-School Grad
18.8 sq mi
ZIP Area
117
Density / Sq Mi
$117,652
Median Household Income
$82,545
Median Earnings
$1,277
Median Rent
$346,400
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
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale combines an operating food business, its building, real estate, fixtures, and equipment.
Where is this grocery and convenience store located?
The property is located at 4919 Western Tpke Duanesburg, NY.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Business, building, real estate, fixtures, and equipment are included; Approximately 1,575‑square‑foot commercial building; Market has operated for 14 years
