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    1006 State Route 9H Ghent, NY 12075
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    1006 State Route 9H Ghent, NY 12075

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    • Turn key restaurants
    • 10,734 SF
    • 1.66 lot acres
    For Sale
    $1,295,500
    View Listing →
    Iconic Restaurant and Event Venue For Sale
    $1,295,500
    10,734 SF

    Iconic Restaurant and Event Venue

    Turnkey restaurant and event venue with historic house and pond.

    1006 State Route 9h, Ghent, NY 12075
    View Listing
    Property ID
    US63-3056446
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1006 State Route 9H

    Year built
    1960
    Lot size
    1.66 lot acres
    Property size
    10,734 SF
    Zone code
    03 - MULTI-FAMILY
    Property type
    Turn key restaurants
    APN
    103889 91.-1-72.3
    APU
    103889911723

    Description

    This exceptional 3.66-acre commercial property presents a unique investment opportunity in the desirable Ghent, NY location. Situated at 1006 State Route 9H, Unit 1006, this expansive lot offers significant potential for a variety of commercial ventures. The property's generous size allows for ample development possibilities, catering to businesses requiring substantial space and visibility. Its strategic location along State Route 9H ensures high traffic volume and excellent exposure to potential customers. The absence of existing structures provides a blank canvas for customized development, allowing for the creation of a building perfectly tailored to specific business needs. This presents a rare chance to establish a strong commercial presence in a thriving area. The property's zoning regulations should be independently verified to ensure compatibility with intended development plans. Given the size and location, this land parcel represents a compelling investment prospect with considerable long-term growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $1,295,000. Further details regarding potential uses and development restrictions are available upon request. This is a truly remarkable opportunity to acquire a significant commercial land holding in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $741,000
      Market price range: $684k - $1.78M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ghent
    County
    Columbia
    State
    New York
    Longitude
    -73.721
    Latitude
    42.288
    CBSA code
    26460
    CBSA name
    HUDSON, NY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $64,000
    $720,300
    $784,300
    -
    $67,368
    $758,211
    $825,579

    Comparable in this City

    • Value Estimation
      $605,000
      5,232 SF

      47 Old Post Rd

      RESTAURANT • 5,232 SF
      47 Old Post Rd, Ghent, NY 12075-3406
      View Details
    • Value Estimation by Request
      5,409 SF

      2337 State Rte 66

      RESTAURANT • 5,409 SF
      2337 State Rte 66, Ghent, NY 12075-1226
      View Details
    • Value Estimation by Request
      3,640 SF

      1440 State Rte 66

      BAR, TAVERN • 3,640 SF
      1440 State Rte 66, Ghent, NY 12075-2904
      View Details
    • Value Estimation by Request
      1,958 SF

      2319 State Rte 66

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,958 SF
      2319 State Rte 66, Ghent, NY 12075
      View Details
    • Value Estimation by Request
      2,800 SF

      2631 State Rte 66

      FINANCIAL BUILDING • 2,800 SF
      2631 State Rte 66, Ghent, NY 12075
      View Details
    • Value Estimation by Request
      9,372 SF

      1238 State Rte 9h

      RETAIL STORES (PERSONAL SERVICES) • 9,372 SF
      1238 State Rte 9h, Ghent, NY 12075-3412
      View Details

    Similar Nearby for Sale

    • $1,295,500
      10,734 SF

      Iconic Restaurant and Event Venue

      Turnkey restaurant and event venue with historic house and pond.
      1006 State Route 9H, Ghent, NY 12075
      View Details
    • Contact for pricing
      5,089 SF

      Ghent Commercial Property For Sale

      Prime commercial property with US Post Office as anchor tenant.
      2352 State Route 66, Ghent, NY 12075
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    • Contact for pricing

      Versatile Industrial Compound on Route 9H

      10-acre industrial compound suitable for manufacturing, logistics, and distribution.
      1346 State Route 9H, Ghent, NY 12075
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    • Contact for pricing
      10,880 SF

      Ghent Industrial Park Opportunity

      Centrally located commercial building with turnkey business opportunities.
      7 Salerno Dr, Ghent, NY 12075
      View Details
    • $1,700,000
      2,464 SF

      94 Acre Farm in Ghent

      Farmland with barn, fencing, and colonial house.
      1414 State Route 9H, Ghent, NY 12075
      View Details
    • $139,000
      13.42 Acres

      Ghent Land For Sale

      13.42 acre parcel suitable for mixed-use development.
      Rte 9H/Oldpost Rd, Ghent, NY 12075
      View Details
    View Listing
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    Ghent, NY 12075
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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.

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