Spacious Office Building in Glens
For Sale
$449,000
144 South Street #NY, Glens Falls, NY 12801
Well-constructed office building with prime location and many amenities.
Property Size1,900 SF
Price / SF$236.32
Days on Market198
Property Features for 144 South Street #NY
General Information
Standard status
Active
Size
1,900 SF
Total Parking Spaces
17
Zoning
Mixed
Taxes and HOA fees
Annual Taxes
$8,594
Building Details
Year Built
2002
Buildings
1
Stories
1
Listing Agency:
Schermerhorn Realty Group LLC
Listed By:
Patricia Ruland
(518) 321-0999
Source:
Capmarkrealty
Added: Mar 23
Changed: Oct 2
Last Checked: Oct 5 at 4:02PM
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 Schermerhorn Realty Group LLC
Investment Insights
Based on property information with market context.
This 1,900-square-foot commercial property in downtown Glens Falls presents an excellent opportunity for medical, dental, lab, or general office use. The well-constructed, spacious office building is situated in a prime location and includes a variety of amenities. The property is suitable for various business operations and can be sold fully furnished.
Key Highlights
- Prime downtown Glens Falls location
- Versatile commercial space suitable for medical, dental, lab, or office use
- Spacious, well‑constructed office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,412
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,240
$588.2K
Cap Rate 7%
$420,171
$420.2K
Cap Rate 9%
$326,800
$326.8K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$45.6K $24.00/SF
− Vacancy
−$6.4K −$3.36/SF
EGI
$39.2K $20.64/SF
− OpEx
−$9.8K −$5.16/SF
NOI
$29.4K $15.48/SF
Area
Warren County, NY
Vacancy
14.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,240
Cap Rate 7%
$420,171
Cap Rate 9%
$326,800
Alternative Uses
Best Use
Office B
$420.2K
$367.7K – $490.2K
NOI $29,412 @ 7.0% cap · market cap 6.55%
Second Best
Healthcare Medical
$367.3K
$321.4K – $428.5K
NOI $25,712 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,809 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,871
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12801, NY
14,850
Population
7,287
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
90%
High-School Grad
3.8 sq mi
ZIP Area
3,908
Density / Sq Mi
$70,019
Median Household Income
$46,700
Median Earnings
$1,050
Median Rent
$196,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-constructed office building with prime location and many amenities.
Where is this medical office space located?
The property is located at 144 South Street #NY Glens Falls, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Prime downtown Glens Falls location; Versatile commercial space suitable for medical, dental, lab, or office use; Spacious, well‑constructed office building
