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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    99 Ferndale Rd Ferndale, NY 12734-5109

    • Turn key restaurants
    • 2,629 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Mar 18, 2022
    $400,000
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3340682
    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.

    Current Use by Public Records

    • Tedy by the falls / Restaurant

    Property Details for 99 Ferndale Rd

    Year built
    1965
    Lot size
    1.10 lot acres
    Property size
    2,629 SF
    Zone code
    IC
    Property type
    Turn key restaurants
    APN
    483689 36.-1-91
    APU
    48368936191

    Description

    This exceptional Class A, 2,965 sq ft restaurant in Ferndale, NY, is available for $549,900. Located on a 1.1-acre lot at 99 Ferndale Rd (zip code 12734), this vacant property boasts a prime riverfront location with stunning waterfall views and unique rock formations. Built in 1940 and renovated in 2014, the single-story building features a fully equipped restaurant with seating for 65, a stage, commercial kitchen, and bar with a full liquor license. A full basement includes an office overlooking the falls. Outdoor amenities include a deck, courtyard gardens, and two outbuildings. The property offers 15 parking spaces and is zoned for commercial use. Its convenient location near I-87 exit 101 makes it easily accessible. This property presents a unique opportunity for a restaurant, brewery, medical office, or other businesses seeking to capitalize on the area's natural beauty and growing tourism, fueled by nearby attractions such as Resorts World Casino, Kartrite Waterpark, and Bethel Woods. The occupancy date is October 31, 2023.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $355,000
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $225,000
      Market price range: $122k - $398k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $265,000
      Current use
      AUTO REPAIR, GARAGE
      $235,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Sullivan
    State
    New York
    Longitude
    -74.7404
    Latitude
    41.7722

    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
    $13,300
    $107,800
    $121,100
    -
    $26,945
    $218,395
    $245,340

    Comparable in this City

    • Value Estimation
      $275,000
      8,816 SF

      302 Harris Rd

      RESTAURANT • 8,816 SF
      302 Harris Rd, Ferndale, NY 12734-5123
      View Details
    • Value Estimation
      $305,000
      2,500 SF

      79 Sullivan Ave

      RESTAURANT • 2,500 SF
      79 Sullivan Ave, Ferndale, NY 12734-4307
      View Details
    • Value Estimation
      $260,000
      1,696 SF

      89 Sullivan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,696 SF
      89 Sullivan Ave, Ferndale, NY 12734
      View Details
    • Value Estimation
      $430,000
      6,076 SF

      613617 Harris Rd

      AUTO REPAIR, GARAGE • 6,076 SF
      613617 Harris Rd, Ferndale, NY 12734
      View Details
    • Value Estimation
      $355,000
      4,084 SF

      100 Sullivan Ave

      GROCERY, SUPERMARKET • 4,084 SF
      100 Sullivan Ave, Ferndale, NY 12734-4311
      View Details
    • Value Estimation
      $240,000
      4,380 SF

      462 Twin Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,380 SF
      462 Twin Brg Rd, Ferndale, NY 12734-5217
      View Details

    Similar Nearby for Sale

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      Development Land in Swan Lake

      12.55 acres in Swan Lake, Liberty/Ferndale with development potential.
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    • $1,850,000
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      Ferndale NY Land: 12.55 Acres

      Prime Sullivan County development land
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    • New
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      Commercial Land Near Future I-86

      Nearly 6 acres of commercially zoned land with high visibility.
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    Similar Nearby for Lease

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    • $1,750 /Mo
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      900 SF office suite in Ferndale, ideal for professionals.
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    • $7,600 /Mo
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      Professional Building in Ferndale, NY

      Two-story professional building with ample parking and diverse tenant mix.
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    • $1,250 /Mo
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      Ferndale Professional Office Space Available

      Professional office suite for rent in Ferndale, New York.
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    • $2,400 /Mo

      Medical Office Space Available

      1930 sq ft medical office space for rent.
      39 Old Monticello Rd, Ferndale, NY 12734
      View Details
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    Ferndale, NY 12734-5109
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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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