Turnkey Wine & Spirits
For Sale
$595,000
Pending
98 W Main St, Cambridge, NY 12816
Turnkey wine and spirits business with a bright retail area, large stockroom, and updated mechanical systems.
Property Size2,214 SF
Days on Market322
Property Features for 98 W Main St
General Information
Standard status
Pending
Size
2,214 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,439
Listing Agency:
Preble Realty LLC
(518) 854-7888
Listed By:
Kristen M Preble
(518) 796-3156
Source:
Exprealty
Added: Oct 20, 2025
Changed: Sep 4
Last Checked: Sep 5 at 9:16AM
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 Preble Realty LLC
Investment Insights
Based on property information with market context.
This offering presents a turnkey wine and spirits retail operation designed for steady day-to-day sales. The property includes a bright, airy retail space along with a large stockroom to support inventory needs, and it features updated mechanical systems. The building is well maintained, and the parking lot has been freshly seal-coated and paved.
The business sits on a spacious lot with excellent visibility and ample customer parking to support convenient in-and-out access for shoppers.
This is being offered as a proven, consistently profitable operation with strong year-over-year growth, ready for new ownership.
The business sits on a spacious lot with excellent visibility and ample customer parking to support convenient in-and-out access for shoppers.
This is being offered as a proven, consistently profitable operation with strong year-over-year growth, ready for new ownership.
Key Highlights
- Turnkey wine & spirits business with a bright, airy retail space
- Large stockroom for product storage
- Updated mechanical systems
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
$27,616
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
4.64%
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%
$552,320
$552.3K
Cap Rate 7%
$394,514
$394.5K
Cap Rate 9%
$306,844
$306.8K
Market Conditions
NOI Build-Up for 2,214 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
$41.2K $18.60/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$39.5K $17.82/SF
− OpEx
−$11.8K −$5.35/SF
NOI
$27.6K $12.47/SF
Area
Washington County, NY
Vacancy
4.20%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
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%
$552,320
Cap Rate 7%
$394,514
Cap Rate 9%
$306,844
Alternative Uses
Best Use
Retail
$394.5K
$345.2K – $460.3K
NOI $27,616 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.3K
$480.6K – $640.8K
NOI $38,449 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Cambridge IGA
Groceries
5,366 visits/mo
0.1 miles
Demographics for 12816, NY
4,366
Population
2,581
Households
1.7
Avg Household Size
49
Median Age
32%
College-Educated
93%
High-School Grad
59.9 sq mi
ZIP Area
73
Density / Sq Mi
$79,669
Median Household Income
$48,187
Median Earnings
$1,064
Median Rent
$213,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Turnkey wine and spirits business with a bright retail area, large stockroom, and updated mechanical systems.
Where is this retail space located?
The property is located at 98 W Main St Cambridge, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Turnkey wine & spirits business with a bright, airy retail space; Large stockroom for product storage; Updated mechanical systems
