Building Details

Building Size 700 SF

Listed By: Gail Leone Show Phone

Source: Clairedleone

Added: Aug 26 Changed: Oct 25 Last Checked: Oct 23 at 5:57PM

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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 Gail Leone

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Investment Insights

Based on property information with market context.

The convenience store business is offered for sale at 6 Main Street in Chester, New York. The transaction is limited to the business and does not include the real estate.

Key Highlights

• Business‑only sale; real estate is not included
• Located at 6 Main Street, Chester, NY 10918

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,086

Suggested Prices Based on Cap Rates

Cap Rate 5%

$121,720 $121.7K

Cap Rate 7%

$86,943 $86.9K

Cap Rate 9%

$67,622 $67.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 700 SF

Gross rent

$8.4K $12.00/SF

− Vacancy

−$286 −$0.41/SF

EGI

$8.1K $11.59/SF

− OpEx

−$2.0K −$2.90/SF

NOI

$6.1K $8.69/SF

Area

Orange County, NY

Vacancy

3.40%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$121,720

Cap Rate 7%

$86,943

Cap Rate 9%

$67,622

Alternative Uses

Best Use

Retail

$121.7K

$106.5K – $142.0K (±1% cap)

NOI $8,520 @ 7.0% cap · market cap 34.08%

Second Best

Specialty Retail

$86.9K

$76.1K – $101.4K (±1% cap)

NOI $6,086 @ 7.0% cap · market cap 24.34%

Theoretical Best

Office A

$237.1K

$207.5K – $276.6K (±1% cap)

NOI $16,596 @ 7.0% cap · market cap 66.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Bakery Locksmith Furniture & Home Goods Garden Center

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

359

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 10918, NY

12,547

Population

4,607

Households

2.7

Avg Household Size

41

Median Age

41%

College-Educated

97%

High-School Grad

32.6 sq mi

ZIP Area

385

Density / Sq Mi

$147,011

Median Household Income

$63,010

Median Earnings

$1,652

Median Rent

$424,700

Median Home Value

Market

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

Similar For Sale Nearby

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Duplex with Additional Apartment

147 Main Street, Chester, NY 10918

$549,000

2,824 SF

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Two-Structure Multifamily Property

68 Conklingtown Road 1&2, Chester, NY 10918

$575,000

1.10 Acres

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The offering is for the convenience store business, not the real estate.

Where is this grocery and convenience store located?

The property is located at 6 Main Street Chester, NY.

What are key features of this property?

This property features: Business‑only sale; real estate is not included; Located at 6 Main Street, Chester, NY 10918