Convenience Store with Commercial
For Sale
$999,000
67 Green St, Hudson, NY 12534
Existing improvements combine retail operations with kitchen, cold-storage, office, and restroom areas.
Property Size3,600 SF
Lot Size0.28 Acres
Price / SF$277.50
Days on Market1027
Property Features for 67 Green St
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.28 Acres
Property subtype
General Commercial
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Land Use
commercial
Amenities
commercial kitchen
walk-in coolers
office
bathroom
Air Cond. Unit
3
GCT
.28
Building Details
Year Built
1990
Stories
1
Listing Agency:
The Kinderhook Group, Inc.
(518) 966-2060
Listed By:
Victor Mendolia · License #10301213871
(518) 966-2060
Source:
Xome
Added: Nov 8, 2023
Changed: Aug 31
Last Checked: Aug 30 at 2:32PM
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 The Kinderhook Group, Inc.
Investment Insights
Based on property information with market context.
An existing convenience-store building occupies a 0.28-acre site assembled from two parcels. The improvements include a commercial kitchen, walk-in coolers, an office, a bathroom, and air conditioning. PropertySize is listed as 3,600, and the building dates to 1990.
The property is addressed at 67 Green St and includes the parcels identified as 67-69 Green Street and 71-73 Green Street in Hudson, NY 12534. It is located within Hudson’s Opportunity Zone. The site currently operates as a Quick Mart retail convenience store, with possible housing-and-commercial mixed-use redevelopment also identified in the property information.
The property is addressed at 67 Green St and includes the parcels identified as 67-69 Green Street and 71-73 Green Street in Hudson, NY 12534. It is located within Hudson’s Opportunity Zone. The site currently operates as a Quick Mart retail convenience store, with possible housing-and-commercial mixed-use redevelopment also identified in the property information.
Key Highlights
- 0.28‑acre lot spanning two parcels
- Existing Quick Mart convenience store
- Commercial kitchen and walk‑in coolers
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
$52,255
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
5.23%
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%
$1,045,100
$1.0M
Cap Rate 7%
$746,500
$746.5K
Cap Rate 9%
$580,611
$580.6K
Market Conditions
NOI Build-Up for 3,600 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
$77.8K $21.60/SF
− Vacancy
−$8.1K −$2.25/SF
EGI
$69.7K $19.35/SF
− OpEx
−$17.4K −$4.84/SF
NOI
$52.3K $14.52/SF
Area
Columbia County, NY
Vacancy
10.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,045,100
Cap Rate 7%
$746,500
Cap Rate 9%
$580,611
Alternative Uses
Best Use
Specialty Retail
$746.5K
$653.2K – $870.9K
NOI $52,255 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$541.3K
$473.6K – $631.5K
NOI $37,891 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$890.7K
$779.3K – $1.04M
NOI $62,346 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
3,583 visits/mo
0.1 miles
Citgo
Shops & Services
2,286 visits/mo
0.2 miles
Berkshire Bank
Shops & Services
2,190 visits/mo
0.3 miles
Monro Auto Service and Tire Centers
Shops & Services
1,281 visits/mo
0.4 miles
Demographics for 12534, NY
17,539
Population
9,613
Households
1.8
Avg Household Size
46
Median Age
33%
College-Educated
88%
High-School Grad
88.6 sq mi
ZIP Area
198
Density / Sq Mi
$76,086
Median Household Income
$40,823
Median Earnings
$1,296
Median Rent
$260,800
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.
Similar Off Market Nearby
- Upstate Grocery Inc — 302 Columbia St, Hudson, NY 12534
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing improvements combine retail operations with kitchen, cold-storage, office, and restroom areas.
Where is this grocery and convenience store located?
The property is located at 67 Green St Hudson, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 0.28‑acre lot spanning two parcels; Existing Quick Mart convenience store; Commercial kitchen and walk‑in coolers
