Medical Office Suite with Waiting
For Sale
Contact for pricing
1528 Columbia Tpke, Castleton, NY 12033
A first-floor professional suite combines reception space with private offices featuring windows and natural light.
Property Size1,600 SF
Price / SF$1.00
Days on Market89
Property Features for 1528 Columbia Tpke
General Information
Standard status
Active
Size
1,600 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
First Floor
Property Use
Office
Listing Agency:
REALTY ONE GROUP KEY
(518) 630-0360
Listed By:
Leah Witko · License #10401256547
(518) 649-7505
Source:
Davisrealtyandauction
Added: Aug 5
Changed: Oct 31
Last Checked: Oct 31 at 3:07AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor medical office suite in a professional building offers approximately 1,600 square feet. Its layout includes an entry, waiting and reception areas, and multiple private offices with windows and natural light. Private parking is available on site.
The property is on Columbia Turnpike in Castleton, with convenient access to highways.
The property is on Columbia Turnpike in Castleton, with convenient access to highways.
Key Highlights
- Approximately 1,600 SF on the first floor
- Multiple private offices with windows and natural light
- Waiting area, reception space, and entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,631
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,620
$392.6K
Cap Rate 7%
$280,443
$280.4K
Cap Rate 9%
$218,122
$218.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$33.2K $20.76/SF
− Vacancy
−$7.0K −$4.40/SF
EGI
$26.2K $16.36/SF
− OpEx
−$6.5K −$4.09/SF
NOI
$19.6K $12.27/SF
Area
Rensselaer County, NY
Vacancy
21.20%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,620
Cap Rate 7%
$280,443
Cap Rate 9%
$218,122
Alternative Uses
Best Use
Healthcare Medical
$309.3K
$270.7K – $360.9K
NOI $21,652 @ 7.0% cap · market cap 1,353.25%
Second Best
Office B
$280.4K
$245.4K – $327.2K
NOI $19,631 @ 7.0% cap · market cap 1,226.94%
Theoretical Best
Office A
$400.0K
$350.0K – $466.6K
NOI $27,998 @ 7.0% cap · market cap 1,749.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12033, NY
8,076
Population
3,843
Households
2.1
Avg Household Size
46
Median Age
35%
College-Educated
93%
High-School Grad
28.5 sq mi
ZIP Area
283
Density / Sq Mi
$92,808
Median Household Income
$55,875
Median Earnings
$1,380
Median Rent
$267,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A first-floor professional suite combines reception space with private offices featuring windows and natural light.
Where is this medical office space located?
The property is located at 1528 Columbia Tpke Castleton, NY.
What are key features of this property?
This property features: Approximately 1,600 SF on the first floor; Multiple private offices with windows and natural light; Waiting area, reception space, and entry
