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Freestanding Office Building
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1 N Roberts Rd, Highland, NY 12528

Single-story commercial space with flexible interiors, client parking, and direct access from a signalized commercial corridor.

Property Size2,300 SF
Price / SF$364.78
Days on Market99

Property Features for 1 N Roberts Rd

General Information

Standard status Active
Size 2,300 SF
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Stories 1
Listing Agency: Century 21 Commercial North East | Johnson City
Listed By: Dominick Martorana
Source: Moodyscre
Added: Jul 24 Changed: Oct 26 Last Checked: Oct 28 at 11:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Commercial North East | Johnson City

Rey
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Investment Insights

Based on property information with market context.

This freestanding, single-story office building offers more than 2,300 square feet of flexible interior space. The open-plan layout supports medical and allied-health practices, financial and professional offices, retail showrooms, and service uses. The property can accommodate immediate owner occupation, redevelopment, or conversion to a leased asset.

Located directly off US 9W at a signalized intersection, the building benefits from 28,000+ vehicles per day, steady pedestrian and bicycle traffic, and proximity to the Walkway Over the Hudson and Hudson Valley Rail Trail. A generous lot provides ample client parking and prominent signage opportunities, while direct highway access supports convenient arrival from the surrounding commercial and recreational corridor.

Key Highlights

  • More than 2,300 square feet of flexible interior space
  • Freestanding, single‑story commercial building with open‑plan layout
  • Directly off US 9W at a signalized intersection

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$45,178
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,560 $903.6K
Cap Rate 7%
$645,400 $645.4K
Cap Rate 9%
$501,978 $502.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$69.0K $30.00/SF
− Vacancy
−$8.8K −$3.81/SF
EGI
$60.2K $26.19/SF
− OpEx
−$15.1K −$6.55/SF
NOI
$45.2K $19.64/SF
Area
Ulster County, NY
Vacancy
12.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,560
Cap Rate 7%
$645,400
Cap Rate 9%
$501,978

Alternative Uses

Best Use
Office B
$645.4K
$564.7K – $753.0K (±1% cap)
NOI $45,178 @ 7.0% cap · market cap 5.38%
Second Best
Healthcare Medical
$578.3K
$506.0K – $674.7K (±1% cap)
NOI $40,479 @ 7.0% cap · market cap 4.82%
Theoretical Best
Multifamily LT 5
$21.51M
$18.82M – $25.09M (±1% cap)
NOI $1,505,634 @ 7.0% cap · market cap 179.46%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Peter M. Cordovano, ... Law Firm

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Law Firm Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

183
Businesses Nearby

Demographics for 12528, NY

14,089
Population
6,332
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
314
Density / Sq Mi
$89,096
Median Household Income
$57,626
Median Earnings
$1,642
Median Rent
$337,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - Single-story commercial space with flexible interiors, client parking, and direct access from a signalized commercial corridor.
Where is this office building located?
The property is located at 1 N Roberts Rd Highland, NY.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: More than 2,300 square feet of flexible interior space; Freestanding, single‑story commercial building with open‑plan layout; Directly off US 9W at a signalized intersection
(914) 474-7028 Call to check price and availability
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