Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4 Tower Way Halfmoon, NY 12065-4167
    Back to Search
    Property profile & analytics

    4 Tower Way, Halfmoon, NY 12065-4167

    View on Map
    • Turn key restaurants
    • 9,902 SF
    • 2.07 lot acres
    Off-Market
    Last Sale Dec 3, 2021
    Property ID
    US63-3501917
    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
    $895,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cracker Barrel Old Country Store / Restaurant

    Property Details for 4 Tower Way

    Year built
    1998
    Lot size
    2.07 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Turn key restaurants
    APN
    413800 272.-2-49.113
    APU
    413800272249113

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 3, 2021 — Cbocs Ny LLC Cracker Barrel Old Cn INC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Halfmoon
    County
    Saratoga
    State
    New York
    Longitude
    -73.7698
    Latitude
    42.8616
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN 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
    0
    $0.00
    $879,000
    $682,500
    $1,561,500
    -
    $2,068,235
    $1,605,883
    $3,674,118

    Comparable in this City

    • Value Estimation
      $650,000
      6,118 SF

      1 Halfmoon Xing Blvd

      RESTAURANT
      1 Halfmoon Xing Blvd, Halfmoon, NY 12065-4170
      View Details
    • Value Estimation
      $735,000
      10,950 SF

      2022 Maxwell Dr

      RESTAURANT
      2022 Maxwell Dr, Clifton Park, NY 12065
      View Details
    • Value Estimation by Request
      5,618 SF

      5 Northside Dr, Unit PVT

      RESTAURANT
      5 Northside Dr, Clifton Park, NY 12065-3117
      View Details
    • Value Estimation
      $540,000
      3,698 SF

      829 Rte 146

      RESTAURANT
      829 Rte 146, Clifton Park, NY 12065-3802
      View Details
    • Value Estimation
      $1,540,000
      12,427 SF

      12 Southside Dr

      RESTAURANT
      12 Southside Dr, Clifton Park, NY 12065-3842
      View Details
    • Value Estimation by Request
      4,010 SF

      1475 Rte 9th 9

      RESTAURANT
      1475 Rte 9th 9, Halfmoon, NY 12065-6516
      View Details

    Similar Nearby for Sale

    • $1,350,000
      2.75 Acres

      High-Visibility Redevelopment Site in Clifton

      Redevelopment opportunity in a strong commercial environment.
      1742 Us-9, Clifton Park, NY 12065
      View Details
    • $2,250,000
      2,930 SF

      Established Auto Repair Business For Sale

      Thriving auto repair and towing business near I-87 for sale.
      280 Ushers Rd, Clifton Park, NY 12065
      View Details
    • Contact for pricing
      2,930 SF

      Established Automotive Repair and Towing Business

      Thriving automotive repair and towing business for sale.
      280 Ushers Rd, Clifton Park, NY 12065
      View Details
    • Contact for pricing
      11,750 SF

      Commercial Land For Sale

      Commercial land available for sale.
      9 Emma Ln, Latham, NY 12065
      View Details
    • $1,500,000

      Halfmoon Industrial Redevelopment Opportunity

      9.17-acre site with redevelopment potential in high-demand industrial corridor.
      1879 Route 9, Halfmoon, NY 12065
      View Details
    • Contact for pricing

      Clifton Park Town Center Land

      Vacant 0.46 acre lot in high-density Town Center.
      607 Old Route 146, Clifton Park, NY 12065
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      22 Clifton Country Rd, Clifton Park, NY 12065
      View Details
    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      15 Park Ave, Clifton Park, NY 12065
      View Details
    • $1.00 SF/Yr
      8,188 SF

      Clifton Park Retail Space For Sale

      Prime Retail Building, High Traffic Area
      31 Old Route 146, Clifton Park, NY 12065
      View Details
    • Contact for pricing
      4,000 SF

      High-Visibility Commercial Space on Route 9

      Two-floor commercial property with high visibility and easy highway access.
      1406 Route 9, Halfmoon, NY 12065
      View Details
    • Contact for pricing
      1,312 SF

      Saratoga Retail Space Available

      Prime Retail Space, Clifton Park
      19 Clifton Country Rd, Saratoga, NY 12065
      View Details
    • Contact for pricing
      18,308 SF

      Clifton Park Office/Retail Space

      First floor office suite or retail space for lease.
      805 Rte 146 #Lobby-Right, Clifton Park, NY 12065
      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.
    4 Tower Way
    Halfmoon, NY 12065-4167
    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
    4 Tower Way, Halfmoon, NY, 12065
    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!