Creekside Restaurant
For Sale
$925,000
5125 Route 209, Accord, NY 12404
Commercial Sale, Accord, NY
Property Size3,500 SF
Lot Size2.60 Acres
Price / SF$264.29
Days on Market172
Property Features for 5125 Route 209
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B
Zoning description
Business District
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking
36
Directions
from Accord, Route 209 South, #5125 on left
Subdivision
Rochester
Standard status
Active
APN
76.2-2-49
Size
3,500 SF
Lot size
2.60 Acres
Taxes and HOA fees
Tax Annual Amount
8501
Utilities
Sewer type
Private Sewer
Heating system
Propane (Heating), Space Heater, Forced Air
Cooling system
Central Air
Water source
Well
Water front features
River Front, Creek
Water front
1
Amenities
creek views
mountain views
water softener
UV light treatment system
hardwired internet
central air/heat
instant hot water
ADA compliant restrooms
Building Details
Year built
2004
Floors in Building
2
Flooring type
Concrete, Tile - Ceramic, Hardwood, Tile
Roof type
Metal
Listing Agency:
Halter Associates Realty
(845) 331-3110
Listed By:
Petra Heist
(917) 294-9532
Added: Apr 13
Changed: Sep 13
Last Checked: Oct 1 at 7:06PM
MLS# 20261543
Copyright © 2026 Hudson Valley Catskill Region MLS. 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 2.6-acre property includes 3,500 square feet across two buildings. The primary gambrel barn-style structure was built in 2004 and contains a 1,500-square-foot restaurant and retail area, open commercial kitchen, guest space, two ADA-compliant restrooms, prep and dish areas, walk-in cooler, locker room with shower, and utility spaces. Its second floor adds 1,000 square feet of office, staff, and conference space with oak hardwood flooring. The kitchen includes a six-burner CPG range, 12-foot EconAir hood with Makeup Air and suppression system, ovens, grill, fryers, refrigerators, freezers, and other commercial equipment.
A separate 1,000-square-foot annex, completed in 2010, provides an open room, storage, ADA-compliant restroom, granite counters, two sinks, and concrete and terra cotta flooring. The property also offers 36 parking spaces, outdoor areas, creek and seasonal mountain views, central air and heat, well water, private sewer, and a multi-tank commercial septic system with grease trap.
Located on Route 209 in Accord, the site records an average daily traffic count of 9,200 cars per day. Zoning is B. The existing Harana Market business is not included in the sale.
A separate 1,000-square-foot annex, completed in 2010, provides an open room, storage, ADA-compliant restroom, granite counters, two sinks, and concrete and terra cotta flooring. The property also offers 36 parking spaces, outdoor areas, creek and seasonal mountain views, central air and heat, well water, private sewer, and a multi-tank commercial septic system with grease trap.
Located on Route 209 in Accord, the site records an average daily traffic count of 9,200 cars per day. Zoning is B. The existing Harana Market business is not included in the sale.
Key Highlights
- 2.6‑acre parcel with 3,500 square feet across two buildings
- Primary building constructed in 2004; 1,000‑square‑foot annex completed in 2010
- Commercial kitchen with six‑burner CPG range and 12‑foot EconAir hood
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
$54,873
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
5.93%
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%
$1,097,460
$1.1M
Cap Rate 7%
$783,900
$783.9K
Cap Rate 9%
$609,700
$609.7K
Market Conditions
NOI Build-Up for 3,500 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
$105.0K $30.00/SF
− Vacancy
−$20.6K −$5.88/SF
EGI
$84.4K $24.12/SF
− OpEx
−$29.5K −$8.44/SF
NOI
$54.9K $15.68/SF
Area
Ulster County, NY
Vacancy
19.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,097,460
Cap Rate 7%
$783,900
Cap Rate 9%
$609,700
Alternative Uses
Best Use
Flex RnD
$783.9K
$685.9K – $914.6K
NOI $54,873 @ 7.0% cap · market cap 5.93%
Second Best
Specialty Retail
$646.7K
$565.8K – $754.4K
NOI $45,266 @ 7.0% cap · market cap 4.89%
Theoretical Best
Multifamily LT 5
$32.73M
$28.64M – $38.19M
NOI $2,291,182 @ 7.0% cap · market cap 247.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9,200 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12404, NY
3,625
Population
2,512
Households
1.4
Avg Household Size
46
Median Age
48%
College-Educated
89%
High-School Grad
37.0 sq mi
ZIP Area
98
Density / Sq Mi
$67,297
Median Household Income
$46,672
Median Earnings
$1,132
Median Rent
$367,300
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Two-building commercial property with a commercial kitchen, annex, outdoor areas, and creek frontage.
Where is this conventional restaurant located?
The property is located at 5125 Route 209 Accord, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2.6‑acre parcel with 3,500 square feet across two buildings; Primary building constructed in 2004; 1,000‑square‑foot annex completed in 2010; Commercial kitchen with six‑burner CPG range and 12‑foot EconAir hood
