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    1377 US-9 Fort Edward, NY 12828

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    For Lease
    $2,200 /Mo

    Retail and office spaces available in Moreau, NY.

    Type:Commercial
    Property size:
    7,649 SF
    Lot size:
    4.35 Acres
    Added:
    Jul 28, 2025
    Days on Market:
    249
    Last Refresh:
    Mar 26 at 1:09 am

    Property Features for 1377 US-9

    General Information

    Standard status
    Active
    Size
    7,649 SF
    Lot size
    4.35 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    ORSON B KLENDER
    ORSON B KLENDER

    Listing agent ORSON B KLENDER License #10491209956

    Listing office SARATOGA REAL ESTATE ASSOCIATES LLC

    Listing date Jul 28, 2025

    Source Corcoran

    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 SARATOGA REAL ESTATE ASSOCIATES LLC

    Overview

    Retail Spaces in Moreau Commons

    Located at the intersection of Route 9 and Route 197 (Reynolds Road), the New Moreau Commons, formerly a Suzuki car dealer, is undergoing renovations. Unit 1 offers 1900 square feet and is available for $4000 per month, with the possibility of subdivision. Unit 4 provides 720 square feet for $2200. The property is a unique indoor mini strip mall with a common area and ample off-street parking. The average daily traffic count at this location exceeds 10,000. Current tenants include a barber shop, beauty salon, coffee shop, and an IT professional. Lease terms are for five years, with no NNN fees. The monthly rent covers taxes, electric, heat, trash removal, snow removal, and property and building maintenance. Potential uses for the space include office, retail, specialty shops, a golf simulator, auto detailing, a cigar lounge, yoga/fitness studio, or a small restaurant. Build-to-suit options with owner financing are available. The property's total size is 7649 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Fort Edward
    County
    Washington
    State
    New York
    Longitude
    -73.5588
    Latitude
    43.23

    Nearby Similar for Lease

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      Fort Edward Commercial Space Available

      Multi-use commercial space for lease in up-and-coming Fort Edward.
      161 Broadway, Fort Edward, NY 12828
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    • Contact for pricing

      Office Space Available For Rent

      Office unit available for lease, approximately 832 square feet.
      1496 Route 9, Moreau, NY 12828
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail and office spaces available in Moreau, NY.
    Where is this strip mall located?
    The property is located at 1377 US-9 Fort Edward, NY.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: High‑traffic location at the intersection of RT9 and Rt 197 (Reynolds Rd) with 10,000+ average daily traffic.; Rent includes taxes, electric, heat, trash, snow removal, property and building maintenance (NO NNN).; Unit 1 offers 1900 sqft of space for $4000 per month and can be subdivided.
    (518) 588-2319
    We can help!
    Listing Contact
    ORSON B KLENDER
    ORSON B KLENDER
    Real Estate License ID: 10491209956
    Learn More
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    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
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