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    405 Hudson River Rd Halfmoon, NY 12188
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    405 Hudson River Rd, Halfmoon, NY 12188

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    • Turn key restaurants
    • 6,940 SF
    • 1.20 lot acres
    For Sale
    $565,000
    View Listing →
    Versatile Commercial Building For Sale For Sale
    $565,000
    6,940 SF

    Versatile Commercial Building For Sale

    Stand-alone commercial building suitable for restaurant, bar, or event venue.

    405 Hudson River Road, Waterford, NY 12188
    View Listing
    Property ID
    US63-6131513
    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

    • True Realty Team / Real Estate Agency
    • Norrine's Restaurant / Restaurant
    • HANSEN CONSTRUCTION / Construction Company / General Contractor

    Property Details for 405 Hudson River Rd

    Year built
    1965
    Lot size
    1.20 lot acres
    Zone code
    06 - INDUSTRIAL
    Property type
    Turn key restaurants
    APN
    413800 286.-1-51
    APU
    413800286151

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 12, 2022 $375,000 405 Hudson River Road LLC Chrome INC Warranty Deed —
    Aug 15, 2016 — Patricia Kennedy — Deed · related $15k · Sefcu
    Oct 3, 2013 $360,000 Chrome INC Hein Trust Grant Deed $280k · First Niagara Bank
    Apr 20, 2010 — Hein Alan J Tr Hein,lee Quit Claim Deed · related —
    Apr 22, 2005 $77,500 Thomas Hansen Campbell,dewitt Warranty Deed —
    — — Patricia Kennedy — Deed Of Trust · related $15k · Sefcu

    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
    Waterford
    County
    Saratoga
    State
    New York
    Longitude
    -73.6668
    Latitude
    42.8262
    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
    $61,000
    $97,950
    $158,950
    -
    $143,529
    $230,471
    $374,000

    Comparable in this City

    • Value Estimation by Request
      2,516 SF

      140 Hudson Riv Rd

      RESTAURANT
      140 Hudson Riv Rd, Waterford, NY 12188-1908
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    • Value Estimation
      $525,000
      3,990 SF

      44 Saratoga Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      44 Saratoga Ave, Waterford, NY 12188
      View Details
    • Value Estimation by Request
      0.51 Acres

      46-48 4th St

      PARKING LOT
      46-48 4th St, Waterford, NY 12188
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    • Value Estimation by Request
      0.10 Acres

      48 Broad St

      PARKING LOT
      48 Broad St, Waterford, NY 12188
      View Details
    • Value Estimation by Request
      3,698 SF

      142 Saratoga Ave

      FINANCIAL BUILDING
      142 Saratoga Ave, Waterford, NY 12188-2205
      View Details
    • Value Estimation
      $690,000
      9,000 SF

      1 Industry Dr

      AUTO REPAIR, GARAGE
      1 Industry Dr, Waterford, NY 12188-1935
      View Details

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      6,940 SF

      Versatile Commercial Building For Sale

      Stand-alone commercial building suitable for restaurant, bar, or event venue.
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      Vacant Land Parcel For Sale

      8.06 acre vacant land parcel with mixed woods.
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    Similar Nearby for Lease

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      53,579 SF

      Retail Space Ready for Tenant

      Retail space available for rent, ready for custom build-out.
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      Retail Space Vanilla Box

      Retail space available as a vanilla box for rent.
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    • $14 SF/Yr
      13,580 SF

      Retail Space in Stewart's Plaza

      Large retail space for lease in Waterford, NY.
      30 Saratoga Ave, Waterford, NY 12188
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    • Contact for pricing
      2,200 SF

      Industrial Space Available For Rent

      Industrial property with 2,200 square feet available for rent.
      574 Hudson River Rd, Waterford, NY 12188
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    • Contact for pricing

      Customizable Commercial Space Available

      Flexible commercial space for rent, customizable to requirements.
      570 Hudson River Rd, Waterford, NY 12188
      View Details
    View Listing
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    405 Hudson River Rd
    Halfmoon, NY 12188
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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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    405 Hudson River Rd, Halfmoon, NY, 12188
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