Multi-Suite Office
For Sale
Contact for pricing
1 Barney Road, Clifton Park, NY 12065
A mix of one- and two-office suites serves small office occupants under modified gross leases.
Property Size30,312 SF
Days on Market775
Property Features for 1 Barney Road
General Information
Standard status
Active
Size
30,312 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1972
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Jessica L Richer · License #10301202070
(518) 364-7406
Source:
Simplywoodardrealestate
Added: Sep 19, 2024
Changed: Nov 1
Last Checked: Nov 1 at 3:31PM
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 Hanna Commercial
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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 30,312-square-foot office building contains suites configured with either one office or two. Constructed in 1972, the property is arranged to accommodate small office users.
Tenants pay modified gross rent, with internet and telephone charges handled separately. The building is located at 1 Barney Road in Clifton Park, New York.
Tenants pay modified gross rent, with internet and telephone charges handled separately. The building is located at 1 Barney Road in Clifton Park, New York.
Key Highlights
- 30,312‑square‑foot office building
- Suite options include one‑office and two‑office layouts
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$410,030
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,200,600
$8.2M
Cap Rate 7%
$5,857,571
$5.9M
Cap Rate 9%
$4,555,889
$4.6M
Market Conditions
NOI Build-Up for 30,312 SF
Gross rent
$654.7K $21.60/SF
− Vacancy
−$108.0K −$3.56/SF
EGI
$546.7K $18.04/SF
− OpEx
−$136.7K −$4.51/SF
NOI
$410.0K $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%
$8,200,600
Cap Rate 7%
$5,857,571
Cap Rate 9%
$4,555,889
Alternative Uses
Best Use
Office B
$5.86M
$5.13M – $6.83M
NOI $410,030 @ 7.0% cap · market cap 41,003,000.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.07M
$7.94M – $10.58M
NOI $635,097 @ 7.0% cap · market cap 63,509,700.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
112
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?
Office building - A mix of one- and two-office suites serves small office occupants under modified gross leases.
Where is this office building located?
The property is located at 1 Barney Road Clifton Park, NY.
What are key features of this property?
This property features: 30,312‑square‑foot office building; Suite options include one‑office and two‑office layouts; Built in 1972
