Office Building with Finished
For Sale
$299,000
Pending
235 Saratoga Road, Glenville, NY 12302
Four private offices, a lobby, and two restrooms support a defined professional layout.
Property Size1,200 SF
Days on Market641
Property Features for 235 Saratoga Road
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1958
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Source:
Simplywoodardrealestate
Added: Jan 31, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:45PM
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 Berkshire Hathaway Home Services Blake
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office building, constructed in 1958, is arranged with four offices, a lobby, and two restrooms. A finished basement adds two rooms and storage, extending the building’s usable interior space.
The property is located at 235 Saratoga Road in Glenville, New York.
The property is located at 235 Saratoga Road in Glenville, New York.
Key Highlights
- 1,200‑square‑foot office building constructed in 1958
- Four offices, a lobby, and two restrooms
- Finished basement with two additional rooms and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,220
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,400
$404.4K
Cap Rate 7%
$288,857
$288.9K
Cap Rate 9%
$224,667
$224.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.7K $26.40/SF
− Vacancy
−$4.7K −$3.93/SF
EGI
$27.0K $22.47/SF
− OpEx
−$6.7K −$5.62/SF
NOI
$20.2K $16.85/SF
Area
Schenectady County, NY
Vacancy
14.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,400
Cap Rate 7%
$288,857
Cap Rate 9%
$224,667
Alternative Uses
Best Use
Office B
$288.9K
$252.8K – $337.0K
NOI $20,220 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.2K
$314.3K – $419.0K
NOI $25,142 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
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Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
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 - Four private offices, a lobby, and two restrooms support a defined professional layout.
Where is this office building located?
The property is located at 235 Saratoga Road Glenville, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,200‑square‑foot office building constructed in 1958; Four offices, a lobby, and two restrooms; Finished basement with two additional rooms and storage
