Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Ice Cream Shop Opportunity Title is generated by Realmo AI

    5 John Street, Nassau, NY 12123

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $274,900

    Profitable ice cream shop with real estate and apartment.

    Type:Commercial
    Property size:
    1,776 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $154/SF
    Added:
    Jan 19, 2026
    Days on Market:
    120
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 5 John Street

    General Information

    Standard status
    Active
    Size
    1,776 SF
    Lot size
    0.07 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    DAVID J SKONEY
    DAVID J SKONEY

    Listing agent DAVID J SKONEY

    Listing office COLDWELL BANKER PRIME PROPERTIES

    Listing date Jan 19, 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 COLDWELL BANKER PRIME PROPERTIES

    HighLights

    • Turnkey ice cream shop with established seasonal business and real estate included.
    • Includes all inventory and equipment.
    • Full kitchen provides opportunity for year‑round operation and expanded menu.
    • Well‑appointed one‑bedroom apartment upstairs.
    • Abundant parking available.
    • Appealing storefront.

    Overview

    This is an opportunity to acquire a turnkey ice cream shop, including the real estate. The seasonal business has a following, attracting customers from fish fry Fridays to those seeking sweet treats. The property includes a full kitchen, presenting the opportunity to operate year-round and potentially expand the menu. The property features an appealing storefront, abundant parking, and a one-bedroom apartment located upstairs. All inventory and equipment are included in the sale. The property size is 1776 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Nassau
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6121
    Latitude
    42.5154

    Nearby Similar for Sale

    • $495,000
      7,200 SF

      Historic Mixed-Use Investment Opportunity

      Versatile mixed-use property with income potential in Nassau, NY.
      6 Church, Nassau, NY 12123
      View Details
    • $250,000
      115 SF

      Waterfront Commercial Property with Over-Water Dining

      Unique waterfront property with over-the-water dining and boat access.
      266 County Route 7, Nassau, NY 12123
      View Details
    • $539,900
      2,772 SF

      Ranch Home with Income Potential

      Well-maintained ranch with lower-level apartment and in-ground pool.
      13 Mountain View Road, Nassau, NY 12123
      View Details
    • $264,900
      1,776 SF

      Turnkey Ice Cream Shop Opportunity

      Turnkey ice cream shop with real estate and apartment for sale.
      5 John Street, Nassau, NY 12123
      View Details
    • $264,900

      Turnkey Ice Cream Shop Opportunity

      Thriving seasonal ice cream shop with real estate and apartment.
      5 John Street, Nassau, NY 12123
      View Details
    • $259,000
      1,920 SF

      Well-Maintained Multi-Family Home

      Multi-family home with stream view in Nassau, NY.
      46 Church Street, Nassau, NY 12123
      View Details
    • $250,000
      115 SF

      Waterfront Dining Opportunity Awaits

      Unique waterfront property with over-the-water dining and multiple docks.
      266 County Route 7, Schodack, NY 12123
      View Details
    • $268,000
      1,150 SF

      Waterfront Restaurant with Marina Access

      Turn-key waterfront restaurant with lake access in Nassau, NY.
      266 County Route 7, Nassau, NY 12123
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Profitable ice cream shop with real estate and apartment.
    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 $274,900.
    What are key features of this property?
    This property features: Turnkey ice cream shop with established seasonal business and real estate included.; Includes all inventory and equipment.; Full kitchen provides opportunity for year‑round operation and expanded menu.
    (518) 427-9000
    We can help!
    Listing Contact
    DAVID J SKONEY
    DAVID J SKONEY
    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
    5 John Street, Nassau, NY 12123
    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!