Waterford Commercial Property For
For Sale
$388,000
122 1st Avenue, Waterford, NY 12188
COMMERCIAL - Waterford, NY
Property Size4,287 SF
Lot Size2.06 Acres
Price / SF$90.51
Days on Market132
Property Features for 122 1st Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Single Residence
Parking
20
Directions
Saratoga Ave to Vanderwerken Ave to First Avenue North
Standard status
Active
APN
415489 290.20-2-62
Size
4,287 SF
Lot size
2.06 Acres
Taxes and HOA fees
Tax Annual Amount
8200
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1970
Building materials
Block
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Paul R Bowers · License #30BO0810881
(518) 857-0568
Added: Mar 26
Changed: May 14
Last Checked: Aug 4 at 12:06AM
MLS# 202614005
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, currently home to the Waterford Emergency Team, features a paved rear parking lot. The building includes two 12' overhead doors and one 8' overhead door at grade. The shop and main area are equipped with two new heaters, and the main area is air-conditioned. Interior features include VAT flooring, drop ceilings, and recessed lighting. There are three meeting areas with a bar, two bathrooms (one with a shower), a kitchen, and a small upstairs storage office. The property also has a deep garage and 14' ceilings throughout. The garage section has a steel roof, while the main area has a flat roof. The property is zoned Residential and its current use is non-conforming, and is subject to governmental approvals. The building size is 4287 square feet and the lot size is 2.06 acres, located in Waterford, NY.
Key Highlights
- 14' Ceilings Throughout
- Deep Garage with Two 12' and One 8' Overhead Doors
- Paved Rear Parking Lot
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $9.48 |
| − Vacancy | −$2.8k | −$0.64 |
| EGI | $37.9k | $8.84 |
| − OpEx | −$5.7k | −$1.33 |
| NOI | $32.2k | $7.51 |
4,287 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$888.5K
$777.5K – $1.04M
NOI $62,196 @ 7.0% cap · market cap 16.03%
Second Best
Office B
$828.4K
$724.9K – $966.5K
NOI $57,990 @ 7.0% cap · market cap 14.95%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,821 @ 7.0% cap · market cap 23.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12188, NY
11,035
Population
5,197
Households
2.1
Avg Household Size
43
Median Age
32%
College-Educated
94%
High-School Grad
13.0 sq mi
ZIP Area
849
Density / Sq Mi
$87,212
Median Household Income
$46,738
Median Earnings
$1,097
Median Rent
$278,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property in Waterford, NY, suitable for various uses.
Where is this flex space located?
The property is located at 122 1st Avenue Waterford, NY.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: 14' Ceilings Throughout; Deep Garage with Two 12' and One 8' Overhead Doors; Paved Rear Parking Lot
