Glenville Commercial Property For
For Sale
$299,000
Pending
235 Saratoga Road, Glenville, NY 12302
Commercial property in Glenville with offices, lobby, and basement.
Property Size1,200 SF
Lot Size0.49 Acres
Days on Market548
Property Features for 235 Saratoga Road
General Information
Standard status
Pending
Size
1,200 SF
Lot size
0.49 Acres
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES BLAKE
(518) 464-0870
Listed By:
KAREN ZALEWSKI-WILDZUNAS · License #10301219752
Source:
Corcoran
Added: Jan 31, 2025
Changed: Jul 6
Last Checked: Jul 23 at 6:58AM
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 BERKSHIRE HATHAWAY HOME SERVICES BLAKE
Investment Insights
Based on property information with market context.
Located in the core of Glenville, this commercial property offers a versatile space suitable for various business operations. The property includes four offices, a lobby area, and two restrooms. A fully finished basement provides additional functionality with two rooms and storage space. The property has a size of 1200 square feet.
Key Highlights
- Prime location in the core of Glenville.
- Four thoughtfully designed offices.
- Fully finished basement with two extra rooms.
Financial Insights For Office B
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 | $31.7k | $26.40 |
| − Vacancy | −$4.7k | −$3.93 |
| EGI | $27.0k | $22.47 |
| − OpEx | −$6.7k | −$5.62 |
| NOI | $20.2k | $16.85 |
1,200 SF · lease $26.40/SF/yr · vacancy 14.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$288.9K
$252.8K – $337.0K
NOI $20,220 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.2K
$314.3K – $419.0K
NOI $25,142 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial property in Glenville with offices, lobby, and basement.
Where is this office units located?
The property is located at 235 Saratoga Road Glenville, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime location in the core of Glenville.; Four thoughtfully designed offices.; Fully finished basement with two extra rooms.
