Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    711 County Route 3 Ancramdale, NY 12503
    Property profile & analytics

    711 County Route 3 Ancramdale, NY 12503

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 711 County Route 3

    Year built
    1979
    Property type
    Retail properties & Spaces

    Description

    This exceptional opportunity presents the acquisition of a well-established and profitable restaurant in Ancramdale, NY. Located on 7.5 acres of land at 711 County Route 3, this property enjoys a prime location just minutes from Lake Taghkanic State Park and Hillrock Estate Distillery, ensuring high visibility and convenient access for patrons. The restaurant itself features a spacious dining area, a cozy bar perfect for intimate gatherings, and a large banquet hall ideal for hosting special events and celebrations. An expansive outdoor deck provides stunning views of the surrounding countryside, creating a memorable dining experience. The sale includes not only the established business and its excellent reputation, but also all necessary equipment, a valuable liquor license, and a significant advantage – a 2-bedroom apartment on the property. This apartment offers versatile use, potentially serving as owner's quarters or chef's accommodation. The property's convenient location directly off County Route 3 ensures easy accessibility from neighboring towns, attracting a broad customer base. This turn-key operation is poised for continued success, offering a unique blend of established business, prime location, and significant assets. This is a rare chance to own a thriving restaurant in a picturesque setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ancramdale
    County
    Columbia
    State
    New York
    Longitude
    -73.5669
    Latitude
    42.0581

    Comparable in this City

    • Value Estimation
      $550,000
      5,852 SF

      711 County Rte 3rd 3

      RESTAURANT • 5,852 SF
      711 County Rte 3rd 3, Ancramdale, NY 12503-5132
      View Details
    • Value Estimation by Request
      2,848 SF

      3 County Rte 8th 8

      SERVICE STATION WITH FOOD MART • 2,848 SF
      3 County Rte 8th 8, Ancramdale, NY 12503-5206
      View Details
    • Value Estimation
      $655,000
      5,673 SF

      448 Pooles Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,673 SF
      448 Pooles Hl Rd, Ancramdale, NY 12503
      View Details
    • Value Estimation by Request
      1,279 SF

      11 County Rte 8th 8

      STORE/OFFICE (MIXED USE) • 1,279 SF
      11 County Rte 8th 8, Ancramdale, NY 12503-5206
      View Details

    Similar Nearby for Sale

    • $725,000
      6,548 SF

      Turnkey Restaurant & Event Venue

      Restaurant and event venue in Columbia County, New York.
      711 County Route 3, Ancram, NY 12503
      View Details
    • $790,000
      6,548 SF

      Established Restaurant Opportunity in Ancramdale

      Turnkey restaurant with banquet hall and living quarters for sale.
      711 County Route 3, Ancramdale, NY 12503
      View Details
    • $49,000
      1.00 Acre

      Ancramdale Land For Sale

      One acre lot in Ancramdale, New York.
      County Route 3, Ancramdale, NY 12503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    711 County Route 3
    Ancramdale, NY 12503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    711 County Route 3, Ancramdale, NY, 12503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!