Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    360 State St Hudson, NY 12534

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,950,000

    89,500 SF former school building on 5.3 acres.

    Property size:
    89,500 SF

    Property Features for 360 State St

    General Information

    Standard status
    Active
    Size
    89,500 SF

    We can help!

    Listing Contact
    Dan Simpson
    Dan Simpson
    Source: Cbre

    Listing Agency: CBRE - Albany Listing Agent: Dan Simpson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Former School Building For Sale

    The property offered for sale is the former John L. Edwards school building, encompassing approximately 89,500 square feet. Situated on approximately 5.3 acres, the site includes around 50 parking spaces. The building has three stories and contains one elevator. It features 1,200 amp/3 phase power. The property is accessible from State Street and Carroll Street. The average annual daily traffic count on State Street is 6,296. This location is an excellent site for adaptive reuse.
    Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Columbia
    State
    New York
    Longitude
    -73.787577
    Latitude
    42.2529366

    Nearby Similar for Sale

    • $730,000
      1.00 Acre

      Charming Farmhouse Near Hudson

      Well-maintained 4BR/4BA farmhouse with new primary suite (2025).
      6650 Hill St, Hudson, NY 12534
      View Details
    • $599,900
      5,989 SF

      Versatile Mixed-Use Property on Route 9

      6,000 SF mixed-use property near Hudson, Red Hook, and Rhinebeck.
      2400 S 9, Hudson, NY 12534
      View Details
    • New
      $775,000
      6,915 SF

      Versatile Multi-Unit Property For Sale

      Multi-unit property with rental income potential near Hudson, NY.
      163 County Route 14, Hudson, NY 12534
      View Details
    • $850,000
      3,939 SF

      Grand Victorian Multi-Family in Hudson

      Impressive 3-unit Victorian with charm, near Warren Street.
      49 Worth Ave, Hudson, NY 12534
      View Details
    • $574,900
      2,156 SF

      Hudson Two-Family Near Warren Street

      Two-family property in prime Hudson location near amenities.
      544 State St, Hudson, NY 12534
      View Details
    • $2,895,000
      22,568 SF

      Iconic Mixed-Use Building in Hudson

      Premier mixed-use property in downtown Hudson with commercial and residential units.
      754-756 Columbia St, Hudson, NY 12534
      View Details
    • New
      $819,000
      2,622 SF

      Hudson Multifamily Investment Opportunity

      Three-unit multifamily property in Hudson's vibrant Warren Street.
      823 Warren St, Hudson, NY 12534
      View Details
    • $2,895,000
      22,568 SF

      Iconic Mixed-Use Building in Hudson

      Premier mixed-use building with commercial and residential units in downtown.
      754-756 Columbia St, Hudson, NY 12534
      View Details
    • $2,250,000
      69.02 Acres

      Mixed-Use Farm & Investment Property

      Farm and investment property with four rental units near Hudson.
      274 Fingar Rd, Hudson, NY 12534
      View Details
    • $525,000
      Pending

      Versatile Commercial Property on Two Acres

      3,600+ sq. ft. flexible space on 2-acre lot.
      337 Fairview Ave, Hudson, NY 12534
      View Details
    • $1,495,000
      7,544 SF

      Versatile Commercial Building in Hudson

      7,544 SF commercial building on 1.5 acres near downtown.
      309 Power Ave, Hudson, NY 12534
      View Details
    • $525,000
      3,633 SF

      Versatile Commercial Property on Two Acres

      Adaptable space with expansion potential on a spacious two-acre lot.
      337 Fairview Ave, Hudson, NY 12534
      View Details

    FAQs

    What type of property is this?
    School - 89,500 SF former school building on 5.3 acres.
    Where is this school located?
    The property is located at 360 State St Hudson, NY.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: - Excellent site for adaptive reuse; - Large building size: **±89,500 SF**; - Substantial land area: **±5.3 acres**
    (518) 452-2700
    Request Owner's contact information
    360 State St Hudson, NY 12534
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    360 State St
    Hudson, NY 12534
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    360 State St Hudson, NY 12534
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dan Simpson
    Dan Simpson
    Real Estate License ID: 30SI0855145
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!