Building Details

Year Built 1989

Listing Agency: River Hills Properties

Listed By: Dana Chirillo · License #10401328023 Show Phone

Source: Crexi

Added: Oct 27, 2024 Changed: Oct 1 Last Checked: Oct 7 at 8:52AM

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Investment Insights

Based on property information with market context.

This commercial property offers 1,792 sq. ft. of space on 6.56 acres, providing opportunities for expansion and various uses. The property is located in a high-visibility area with frontage and easy access. Formerly operated as a diner with seating for 75-80, it includes outdoor seating options. The property features two updated bathrooms, bar seating, and a fully operational kitchen with prep stations and commercial-grade appliances. A list of equipment is available. Parking is available for 30+ vehicles, with room for more. The property has a 1,000-gallon concrete septic tank with a full basement and walk-out. The interior and exterior show meticulous detail. This property offers the space and flexibility to bring your vision to life, with options for development. It is located close to Griffiss Business and Technology Park and Wolfspeed Nano. This commercial opportunity offers a platform for achieving goals and realizing potential.

Key Highlights

• High‑visibility commercial property on 6.56 acres offering expansion potential.
• Formerly a well‑known diner, seating 75‑80, with operational equipment included.
• Fully operational commercial kitchen featuring multiple prep stations and commercial‑grade appliances.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,641

Cap Rate

7.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$412,820 $412.8K

Cap Rate 7%

$294,871 $294.9K

Cap Rate 9%

$229,344 $229.3K

Market Conditions

NOI Build-Up for 1,792 SF

Gross rent

$29.0K $16.20/SF

− Vacancy

−$1.5K −$0.84/SF

EGI

$27.5K $15.36/SF

− OpEx

−$6.9K −$3.84/SF

NOI

$20.6K $11.52/SF

Area

Oneida County, NY

Vacancy

5.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$412,820

Cap Rate 7%

$294,871

Cap Rate 9%

$229,344

Alternative Uses

Best Use

Specialty Retail

$294.9K

$258.0K – $344.0K (±1% cap)

NOI $20,641 @ 7.0% cap · market cap 7.94%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$472.2K

$413.2K – $550.9K (±1% cap)

NOI $33,056 @ 7.0% cap · market cap 12.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Breakfast & diners

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13469, NY

753

Population

441

Households

1.7

Avg Household Size

44

Median Age

40%

College-Educated

97%

High-School Grad

3.1 sq mi

ZIP Area

243

Density / Sq Mi

$108,798

Median Household Income

$40,586

Median Earnings

$1,162

Median Rent

$247,300

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this breakfast & diners located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Breakfast & diner - Commercial property with expansion potential on 6.56 acres.

Where is this breakfast & diner located?

The property is located at 8583 NY-365 Stittville, NY.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: High‑visibility commercial property on 6.56 acres offering expansion potential.; Formerly a well‑known diner, seating 75‑80, with operational equipment included.; Fully operational commercial kitchen featuring multiple prep stations and commercial‑grade appliances.