Restaurant with
For Sale
$189,000
Pending
494 Washington Avenue, Albany, NY 12203
The property is offered with its building and furnishings, fixtures, and equipment.
Property Size750 SF
Days on Market457
Property Features for 494 Washington Avenue
General Information
Standard status
Pending
Size
750 SF
Property subtype
Business
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Philip Sabatino · License #10401299525
(518) 376-2717
Source:
Simplywoodardrealestate
Added: Aug 6, 2025
Changed: Nov 4
Last Checked: Nov 4 at 8:48AM
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 Hanna Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Dan's Place Two is a restaurant property at 494 Washington Avenue in Albany, New York. The offering includes the building and its furnishings, fixtures, and equipment, providing a buyer with the real estate and existing contents in one sale.
Key Highlights
- Restaurant sale includes the building and FF&E
- Located at 494 Washington Avenue in Albany, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,391
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,820
$207.8K
Cap Rate 7%
$148,443
$148.4K
Cap Rate 9%
$115,456
$115.5K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$14.9K $19.80/SF
− Vacancy
−$995 −$1.33/SF
EGI
$13.9K $18.47/SF
− OpEx
−$3.5K −$4.62/SF
NOI
$10.4K $13.86/SF
Area
Albany, NY
Vacancy
6.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,820
Cap Rate 7%
$148,443
Cap Rate 9%
$115,456
Alternative Uses
Best Use
Specialty Retail
$148.4K
$129.9K – $173.2K
NOI $10,391 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$197.9K
$173.1K – $230.9K
NOI $13,851 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
Market
Vacancy Rate% for Retail in Albany, NY
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property is offered with its building and furnishings, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 494 Washington Avenue Albany, NY.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Restaurant sale includes the building and FF&E; Located at 494 Washington Avenue in Albany, NY
