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Building Details

Building Size 1,500 SF

Buildings 1

Stories 2

Listing Agency: REALTY ONE GROUP KEY

Listed By: Leah Witko · License #10401256547 Show Phone

Source: Commercialcafe

Added: Jul 26 Changed: Oct 9 Last Checked: Oct 14 at 8:26PM

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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 REALTY ONE GROUP KEY

Investment Insights

Based on property information with market context.

This freestanding office building provides approximately 1,500 square feet of commercial space in Selkirk. A more recent renovation added an eat-in kitchenette and updated the bathrooms, flooring, lighting, and interior paint. The property also includes ample parking for occupants and visitors.

Positioned along Route 9W at 1285 Route 9W, the building has a visible roadside setting in Selkirk, NY. Its existing office configuration and service-oriented features support a range of professional or service business uses, subject to applicable requirements.

Key Highlights

• Approximately 1,500 SF freestanding office building
• Visible Route 9W location at 1285 Route 9W, Selkirk, NY 12158
• Renovated with updated bathrooms, flooring, lighting, and painting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,166

Suggested Prices Based on Cap Rates

Cap Rate 5%

$463,320 $463.3K

Cap Rate 7%

$330,943 $330.9K

Cap Rate 9%

$257,400 $257.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$39.6K $26.40/SF

− Vacancy

−$8.7K −$5.81/SF

EGI

$30.9K $20.59/SF

− OpEx

−$7.7K −$5.15/SF

NOI

$23.2K $15.44/SF

Area

Albany County, NY

Vacancy

22.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$463,320

Cap Rate 7%

$330,943

Cap Rate 9%

$257,400

Alternative Uses

Best Use

Office B

$330.9K

$289.6K – $386.1K (±1% cap)

NOI $23,166 @ 7.0% cap · market cap 926.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$468.1K

$409.6K – $546.1K (±1% cap)

NOI $32,765 @ 7.0% cap · market cap 1,310.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Electrical Service Storage Facility Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 12158, NY

6,373

Population

3,205

Households

2

Avg Household Size

43

Median Age

41%

College-Educated

93%

High-School Grad

29.4 sq mi

ZIP Area

217

Density / Sq Mi

$95,949

Median Household Income

$70,093

Median Earnings

$1,678

Median Rent

$300,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office building - Office property with an eat-in kitchenette, updated bathrooms, refreshed finishes, and on-site parking.

Where is this office building located?

The property is located at 1285 Route 9W Selkirk, NY.

What are key features of this property?

This property features: Approximately 1,500 SF freestanding office building; Visible Route 9W location at 1285 Route 9W, Selkirk, NY 12158; Renovated with updated bathrooms, flooring, lighting, and painting