Building Details

Floors in Building 2

Listing Agency: REALTY ONE GROUP KEY

Listed By: Leah Witko · License #10401256547 Show Phone

Added: Sep 24 Changed: Oct 1 Last Checked: Nov 6 at 12:06PM

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MLS# 11999103

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.

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Investment Insights

Based on property information with market context.

This 1,800-square-foot mixed-use building combines a ground-floor retail shop with a one-bedroom apartment on the second floor. The residential unit has a long-term tenant, and the property includes off-street parking and an outdoor eating area.

The 0.07-acre property is located at 5 John Street in Nassau, Rensselaer County, New York.

Key Highlights

• 1,800‑square‑foot mixed‑use building
• First‑floor retail shop with a one‑bedroom apartment upstairs
• Long‑term residential tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,820

Cap Rate

7.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$356,400 $356.4K

Cap Rate 7%

$254,571 $254.6K

Cap Rate 9%

$198,000 $198.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$32.4K $18.00/SF

− Vacancy

−$3.9K −$2.16/SF

EGI

$28.5K $15.84/SF

− OpEx

−$10.7K −$5.94/SF

NOI

$17.8K $9.90/SF

Area

Rensselaer County, NY

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$356,400

Cap Rate 7%

$254,571

Cap Rate 9%

$198,000

Alternative Uses

Best Use

Specialty Retail

$399.1K

$349.2K – $465.6K (±1% cap)

NOI $27,935 @ 7.0% cap · market cap 11.69%

Second Best

Retail

$326.9K

$286.1K – $381.4K (±1% cap)

NOI $22,886 @ 7.0% cap · market cap 9.58%

Theoretical Best

Office A

$450.0K

$393.7K – $525.0K (±1% cap)

NOI $31,498 @ 7.0% cap · market cap 13.18%

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

Smile's Soft Serve ... Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Big Box & Wholesale Store Auto Parts Store HVAC Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

140

Businesses Nearby

18k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 85% Home Improvements & Furnishings 15%

Cumberland Farms Shops & Services

9,336 visits/mo 0.2 miles

Family Dollar Shops & Services

6,171 visits/mo 0.4 miles

Nassau Country Value Home Improvements & Furnishings

2,838 visits/mo 0.3 miles

Demographics for 12123, NY

5,096

Population

2,346

Households

2.2

Avg Household Size

44

Median Age

39%

College-Educated

96%

High-School Grad

31.8 sq mi

ZIP Area

160

Density / Sq Mi

$104,438

Median Household Income

$54,646

Median Earnings

$959

Median Rent

$275,000

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Rensselaer County, NY

$77.23 Jul

$105 Aug

$115 Sep

$123 Oct

Properties on Market for Mixed-use properties in Rensselaer County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A one-bedroom residential unit above the shop is occupied by a long-term tenant.

Where is this mixed-use property located?

The property is located at 5 John Street Nassau, NY.

What is the asking price?

The asking price for this property is $239,000.

What are key features of this property?

This property features: 1,800‑square‑foot mixed‑use building; First‑floor retail shop with a one‑bedroom apartment upstairs; Long‑term residential tenant