Restaurant Property With
For Sale
$249,900
5 John Street, Nassau, NY 12123
COMMERCIAL - Nassau, NY
Property Size1,776 SF
Lot Size0.07 Acres
Price / SF$140.71
Days on Market212
Property Features for 5 John Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
15
Parking features
Off Street
Interior features
High Speed Internet
Exterior features
Lighting
Lot features
Landscaped
Directions
I-90 Exit 11E to, take US-20 E or U.S. 9 S from the exit toward Nassau. Right on John St, across from the elementary school.
Standard status
Active
APN
383001 211.12-6-2.22
Size
1,776 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5037
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Building materials
Brick
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 427-9000
Listed By:
David J Skoney · License #10401303322
(518) 892-4251
Added: Jan 16
Changed: Aug 4
Last Checked: Aug 16 at 7:06AM
MLS# 202610799
Copyright © 2026 Global MLS, Inc. 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.
This 1,776-square-foot restaurant property at 5 John Street includes a full commercial kitchen, commercial equipment, inventory, a storefront, and off-street parking. The building also contains a one-bedroom apartment upstairs that can accommodate owner occupancy or residential rental use. Brick construction dates to 1970, with electric heat, wall-unit cooling, lighting, and high-speed internet. Public water and public sewer serve the property, which is zoned Commercial.
Located in Nassau, NY, the property occupies 0.07 acres in Rensselaer County. The existing restaurant improvements and included equipment provide a ready physical platform for continued food-service operations, subject to applicable approvals and requirements.
Located in Nassau, NY, the property occupies 0.07 acres in Rensselaer County. The existing restaurant improvements and included equipment provide a ready physical platform for continued food-service operations, subject to applicable approvals and requirements.
Key Highlights
- 1,776‑square‑foot restaurant property on 0.07 acres
- Full commercial kitchen with equipment and inventory included
- Upstairs one‑bedroom apartment
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
$22,581
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
9.04%
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%
$451,620
$451.6K
Cap Rate 7%
$322,586
$322.6K
Cap Rate 9%
$250,900
$250.9K
Market Conditions
NOI Build-Up for 1,776 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
$33.7K $18.96/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$32.3K $18.16/SF
− OpEx
−$9.7K −$5.45/SF
NOI
$22.6K $12.71/SF
Area
Rensselaer County, NY
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$451,620
Cap Rate 7%
$322,586
Cap Rate 9%
$250,900
Alternative Uses
Best Use
Specialty Retail
$393.8K
$344.5K – $459.4K
NOI $27,563 @ 7.0% cap · market cap 11.03%
Second Best
Retail
$322.6K
$282.3K – $376.4K
NOI $22,581 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,078 @ 7.0% cap · market cap 12.44%
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
140
Businesses Nearby
18k
Monthly Visits Nearby
Balanced
Demand for This Use
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
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial kitchen, off-street parking, and public utilities support restaurant operations.
Where is this conventional restaurant located?
The property is located at 5 John Street Nassau, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,776‑square‑foot restaurant property on 0.07 acres; Full commercial kitchen with equipment and inventory included; Upstairs one‑bedroom apartment
