Mixed-Use Property with Multiple
For Sale
$398,000
1431 Route 9, Halfmoon, NY 12065
Three entrances, a ramp, and two interior staircases create flexible access for residential or commercial occupancy.
Property Size2,280 SF
Price / SF$174.56
Days on Market94
Property Features for 1431 Route 9
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Commercial
Zoning
C-1
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1853
Buildings
1
Listing Agency:
Cartier Real Estate Group LLC
Listed By:
Melissa C Cartier · License #10491207871
(518) 321-5762
Source:
Signatureonerealtygroup
Added: Aug 5
Changed: Nov 5
Last Checked: Nov 4 at 5:39PM
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 Cartier Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This 2,280-square-foot mixed-use property is currently occupied as a 4BR, 1.5BA home and includes an updated kitchen, attached garage, three entrances, one ramp, and two interior staircases. The existing configuration previously accommodated professional office space with an apartment above, offering a foundation for mixed-use or commercial conversion subject to applicable requirements.
Public water and sewer service are connected, along with natural gas heat. The property has road frontage on Route 9 and Lansing Street, with commercial properties surrounding the site. An additional .45-acre lot on Lansing Street is available for separate purchase and may provide an option for expanded parking, subject to transaction terms.
Public water and sewer service are connected, along with natural gas heat. The property has road frontage on Route 9 and Lansing Street, with commercial properties surrounding the site. An additional .45-acre lot on Lansing Street is available for separate purchase and may provide an option for expanded parking, subject to transaction terms.
Key Highlights
- 2,280‑square‑foot building currently configured as a 4BR, 1.5BA home
- Three entrances, including one with a ramp
- Two interior staircases support separate circulation options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,842
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,840
$616.8K
Cap Rate 7%
$440,600
$440.6K
Cap Rate 9%
$342,689
$342.7K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$49.2K $21.60/SF
− Vacancy
−$8.1K −$3.56/SF
EGI
$41.1K $18.04/SF
− OpEx
−$10.3K −$4.51/SF
NOI
$30.8K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,840
Cap Rate 7%
$440,600
Cap Rate 9%
$342,689
Alternative Uses
Best Use
Office B
$440.6K
$385.5K – $514.0K
NOI $30,842 @ 7.0% cap · market cap 7.75%
Second Best
Mixed Use
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$682.4K
$597.1K – $796.2K
NOI $47,771 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
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Business Placement
Demographics for 12065, NY
43,893
Population
19,506
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
95%
High-School Grad
35.1 sq mi
ZIP Area
1,251
Density / Sq Mi
$115,681
Median Household Income
$61,692
Median Earnings
$1,419
Median Rent
$356,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three entrances, a ramp, and two interior staircases create flexible access for residential or commercial occupancy.
Where is this mixed-use property located?
The property is located at 1431 Route 9 Halfmoon, NY.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: 2,280‑square‑foot building currently configured as a 4BR, 1.5BA home; Three entrances, including one with a ramp; Two interior staircases support separate circulation options
