Versatile Commercial Property in
For Sale
$388,000
122 1st Avenue, Waterford, NY 12188
Adaptable commercial space with parking and multiple overhead doors.
Property Size4,287 SF
Price / SF$90.51
Days on Market203
Property Features for 122 1st Avenue
General Information
Standard status
Active
Size
4,287 SF
Property subtype
Office
Building Details
Building Size
4,287 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Apr 1
Changed: Oct 5
Last Checked: Oct 19 at 3:18AM
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 Pyramidbrokerage
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Investment Insights
Based on property information with market context.
This 4,287-square-foot commercial property is currently home to the Waterford Emergency Team. The rear parking lot is paved. The building features two 12-foot overhead doors and one 8-foot 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. The property includes three meeting areas with a bar, two bathrooms (one with a shower), a kitchen, and a small upstairs storage office. The deep garage has 14-foot ceilings throughout. The garage section has a steel roof, while the main area has a flat roof. The current use is non-conforming. The property is zoned Residential and is subject to governmental approvals.
Key Highlights
- Deep garage with two 12' and one 8' overhead doors.
- Air‑conditioned main area and 2 new heaters.
- 14' ceilings throughout.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,514
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,280
$530.3K
Cap Rate 7%
$378,771
$378.8K
Cap Rate 9%
$294,600
$294.6K
Market Conditions
NOI Build-Up for 4,287 SF
Gross rent
$40.6K $9.48/SF
− Vacancy
−$2.8K −$0.64/SF
EGI
$37.9K $8.84/SF
− OpEx
−$11.4K −$2.65/SF
NOI
$26.5K $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 Rate 5%
$530,280
Cap Rate 7%
$378,771
Cap Rate 9%
$294,600
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Adaptable commercial space with parking and multiple overhead doors.
Where is this office unit 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: Deep garage with **two 12' and one 8' overhead doors**.; Air‑conditioned main area and 2 new heaters.; 14' ceilings throughout.**
