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    7641 State Route 3 Henderson, NY 13650

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    7641 State Route 3 Henderson, NY 13650

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    • Commercial real estate
    • 2,310 SF
    • 4.14 lot acres
    For Sale
    $349,900
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    Turnkey Restaurant & Bar, Henderson NY For Sale
    $349,900
    2,310 SF

    Turnkey Restaurant & Bar, Henderson NY

    Established Restaurant, 4 Acres, High Traffic

    Rural Hill, NY 13650
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shady Pines Bar & Grill / Restaurant

    Property Details for 7641 State Route 3

    Year built
    1984
    Lot size
    4.14 lot acres
    Property size
    2,310 SF
    Property type
    Commercial real estate

    Description

    This exceptional turnkey opportunity presents a thriving restaurant and bar ideally situated on 4.14 acres of land along heavily trafficked State Route 3 in Henderson, NY. The 2,310 square foot building boasts a newly renovated bar and a fully equipped commercial kitchen, complete with an updated and inspected Ansul fire suppression system. Included in the sale are essential commercial appliances such as walk-in coolers, stoves, grills, fryers, and ovens. A modern Toast POS system is already installed, streamlining operations. The property also features a modern raised bed septic system, certified by the Department of Environmental Conservation (DEC), ensuring compliance and efficiency. Ample parking is available, accommodating both regular business and special events. Its prime location, just two miles from Henderson Harbor and nestled between Southwick's and Wescott Beach State Parks, ensures high visibility and consistent customer traffic. This established business is ready for immediate operation, presenting a unique opportunity for a new owner to step in and capitalize on its existing success. The property's size and location make it suitable for expansion or diversification, offering significant potential for growth and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Jefferson
    State
    New York
    Longitude
    -76.2012
    Latitude
    43.8307

    Comparable in this City

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      7,000 SF

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      Commercial real estate • 7,000 SF
      State Route 3, Henderson, NY 13650
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    • Value Estimation by Request
      14.15 Acres

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      1,000 SF

      8872 State Rte 178

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      8899 State Rte 178

      WAREHOUSE, STORAGE • 3,604 SF
      8899 State Rte 178, Henderson, NY 13650-7711
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    • Value Estimation by Request
      45.49 Acres

      13018 Cedar Vale

      INDUSTRIAL (GENERAL) • 45.49 Acres
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    Similar Nearby for Sale

    • $349,900
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      Turnkey Restaurant & Bar, Henderson NY

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      7641 State Route 3, Henderson, NY 13650
      View Details
    • $375,000
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    Henderson, NY 13650
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    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
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