Flex Space with
For Sale
$850,000
300 Hudson Avenue, Mechanicville, NY 12118
Commercial Sale, Mechanicville, NY
Property Size10,880 SF
Lot Size3.42 Acres
Price / SF$78.13
Days on Market138
Property Features for 300 Hudson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
10
Directions
Take I-87 North to Round Lake. Make a left onto Route 9 heading North. Take a right on to Route 67/Saratoga Avenue. Follow that into Mechanicville. Follow Hudson Avenue North and the property will be on your right.
Standard status
Active
APN
415289 253.14-1-13
Size
10,880 SF
Lot size
3.42 Acres
Taxes and HOA fees
Tax Annual Amount
8249
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Water source
Public
Building Details
Year built
1987
Building materials
Metal Siding
Roof type
Asphalt, Metal
Listing Agency:
Julie & Co Realty LLC
(518) 350-7653
Listed By:
Amy Farchione-Sgromo · License #40SG0924936
(315) 863-2777
Added: Apr 20
Changed: Aug 24
Last Checked: Sep 4 at 5:06PM
MLS# 202615452
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 flex property includes three existing buildings totaling approximately 10,880 square feet. Building 1 provides 3,192+/- SF of showroom, office, and storage space, while Building 2 contains a 5,160+/- SF clear-span warehouse with four 16' overhead doors and a 26' peak height. Building 3 adds a 2,528+/- SF two-story office component. The improvements were built in 1987 and feature metal siding, forced-air heating, asphalt and metal roofing, public water, and septic service.
The property occupies 3.42+/- acres with approximately 392 feet of frontage on Hudson Avenue. The parcel is mostly level, with a rear section sloping toward the riverfront, and includes on-site parking. Its multi-building layout supports a range of commercial operations requiring office, showroom, storage, and warehouse areas.
The property occupies 3.42+/- acres with approximately 392 feet of frontage on Hudson Avenue. The parcel is mostly level, with a rear section sloping toward the riverfront, and includes on-site parking. Its multi-building layout supports a range of commercial operations requiring office, showroom, storage, and warehouse areas.
Key Highlights
- 3.42+/- acres with approximately 392 feet of Hudson Avenue frontage
- Three buildings totaling approximately 10,880 square feet
- 5,160+/- SF clear‑span warehouse with four 16' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,290
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,345,800
$1.3M
Cap Rate 7%
$961,286
$961.3K
Cap Rate 9%
$747,667
$747.7K
Market Conditions
NOI Build-Up for 10,880 SF
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.
Gross rent
$103.1K $9.48/SF
− Vacancy
−$7.0K −$0.64/SF
EGI
$96.1K $8.84/SF
− OpEx
−$28.8K −$2.65/SF
NOI
$67.3K $6.18/SF
Area
Saratoga County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,345,800
Cap Rate 7%
$961,286
Cap Rate 9%
$747,667
Alternative Uses
Best Use
Flex RnD
$2.25M
$1.97M – $2.63M
NOI $157,847 @ 7.0% cap · market cap 18.57%
Second Best
Office B
$2.10M
$1.84M – $2.45M
NOI $147,174 @ 7.0% cap · market cap 17.31%
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $227,958 @ 7.0% cap · market cap 26.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12118, NY
16,618
Population
8,079
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
35.3 sq mi
ZIP Area
471
Density / Sq Mi
$91,182
Median Household Income
$54,079
Median Earnings
$1,105
Median Rent
$315,100
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 - Multi-building commercial property combines showroom, office, storage, and warehouse improvements on a visible acreage parcel.
Where is this flex space located?
The property is located at 300 Hudson Avenue Mechanicville, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3.42+/- acres with approximately 392 feet of Hudson Avenue frontage; Three buildings totaling approximately 10,880 square feet; 5,160+/- SF clear‑span warehouse with four 16' overhead doors
