Office Property with Rear
For Sale
Contact for pricing
1092 Dix Avenue, Hudson Falls, NY 12839
The converted residence provides a functional office layout, parking, and an optional yard for lease.
Property Size1,086 SF
Price / SF$1.84
Days on Market113
Property Features for 1092 Dix Avenue
General Information
Standard status
Active
Size
1,086 SF
Property subtype
Mixed Use
Additional Details
Property Use
Office
Building Details
Year Built
1941
Listing Agency:
Realize Brokers
(518) 656-0556
Listed By:
Spencer Bray · License #10401343891
(518) 932-5496
Source:
Simplywoodardrealestate
Added: Jul 13
Changed: Nov 2
Last Checked: Nov 1 at 3:52PM
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 Realize Brokers
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Investment Insights
Based on property information with market context.
Configured as office space, this 1,086-square-foot property was built in 1941 and converted from a residence. Its layout supports professional office use, with parking on site.
A rear yard is available separately for lease, offering an additional outdoor area alongside the office space.
A rear yard is available separately for lease, offering an additional outdoor area alongside the office space.
Key Highlights
- 1,086 square feet of office space
- Built in 1941 and converted from a residence
- Rear yard available for lease separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,996
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,920
$219.9K
Cap Rate 7%
$157,086
$157.1K
Cap Rate 9%
$122,178
$122.2K
Market Conditions
NOI Build-Up for 1,086 SF
Gross rent
$19.5K $18.00/SF
− Vacancy
−$2.0K −$1.80/SF
EGI
$17.6K $16.20/SF
− OpEx
−$6.6K −$6.07/SF
NOI
$11.0K $10.13/SF
Area
Washington County, NY
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,920
Cap Rate 7%
$157,086
Cap Rate 9%
$122,178
Alternative Uses
Best Use
Office B
$200.2K
$175.2K – $233.6K
NOI $14,013 @ 7.0% cap · market cap 700.65%
Second Best
Mixed Use
$157.1K
$137.5K – $183.3K
NOI $10,996 @ 7.0% cap · market cap 549.80%
Theoretical Best
Office A
$269.4K
$235.8K – $314.3K
NOI $18,860 @ 7.0% cap · market cap 943.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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Business Placement
Demographics for 12839, NY
13,618
Population
6,515
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
90%
High-School Grad
31.0 sq mi
ZIP Area
439
Density / Sq Mi
$70,006
Median Household Income
$41,545
Median Earnings
$1,018
Median Rent
$161,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The converted residence provides a functional office layout, parking, and an optional yard for lease.
Where is this office unit located?
The property is located at 1092 Dix Avenue Hudson Falls, NY.
What are key features of this property?
This property features: 1,086 square feet of office space; Built in 1941 and converted from a residence; Rear yard available for lease separately
