Versatile Commercial Property in
122 1st Avenue Waterford, NY 12188
122 1st Avenue, Waterford, NY, 12188
$388,000
For Sale
$388,000
Adaptable commercial space with parking and multiple overhead doors.
Property Size4,287 SF
Price / SF$90.51
Days on Market112
Property Features for 122 1st Avenue
General Information
- Standard status
- Active
- Size
- 4,287 SF
- Property subtype
- Office
Listing agency
Pyramidbrokerage
(518) 489-9199
Listed by
Pyramid Brokerage Albany
(518) 489-9199
Source
Pyramidbrokerage
Added: Apr 1 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 9:21AM
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
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.
Local Financial Insights For Industrial
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 | $40.6k | $9.48 |
| − Vacancy | −$2.8k | −$0.64 |
| EGI | $37.9k | $8.84 |
| − OpEx | −$11.4k | −$2.65 |
| NOI | $26.5k | $6.18 |
4,287 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tri-State Emergency Team
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Adaptable commercial space with parking and multiple overhead doors.
Where is this office units 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.**
