Updated Two-Story Office
For Sale
$674,990
1585 Route 146, Rexford, NY 12148
Flexible office layout includes private rooms, shared work areas, a kitchen, and ADA-accessible entry.
Property Size2,858 SF
Lot Size1.00 Acre
Price / SF$236.18
Days on Market102
Property Features for 1585 Route 146
General Information
Standard status
Active
Size
2,858 SF
Total Parking Spaces
18
Lot size
1.00 Acre
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
Accessible Approach with Ramp
Building Details
Year Built
1960
Buildings
1
Stories
2
Building Size
2,858 SF
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Christine M Serafini · License #40SE0980789
(518) 514-8830
Source:
Signatureonerealtygroup
Added: Jul 7
Changed: Oct 15
Last Checked: Oct 14 at 11:28PM
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 Miranda Real Estate Group Inc
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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 2,858-square-foot office building occupies a full acre and is arranged across two stories. The existing layout provides multiple private offices, shared workspace, a working kitchen, dedicated copy room, and two bathrooms. Recent improvements include a new furnace installed in 2025, a new rubber roof on the side section, professional interior paint, newer flooring and carpeting, and updated light fixtures.
Located at 2 Daggett Drive, also identified as 1585 Route 146, the property offers a prominent position along a high-traffic corridor in Rexford. An ADA-compliant entrance, central air, public water, commercial zoning, and 18 private parking spaces support day-to-day office operations. The configuration is suited to professional office, medical, dental, legal, accounting, financial services, insurance, wellness, counseling, and real estate uses.
Located at 2 Daggett Drive, also identified as 1585 Route 146, the property offers a prominent position along a high-traffic corridor in Rexford. An ADA-compliant entrance, central air, public water, commercial zoning, and 18 private parking spaces support day-to-day office operations. The configuration is suited to professional office, medical, dental, legal, accounting, financial services, insurance, wellness, counseling, and real estate uses.
Key Highlights
- 2,858 SF two‑story office building on a full acre
- 18 private parking spaces and ADA‑compliant entry
- New furnace installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,660
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,200
$773.2K
Cap Rate 7%
$552,286
$552.3K
Cap Rate 9%
$429,556
$429.6K
Market Conditions
NOI Build-Up for 2,858 SF
Gross rent
$61.7K $21.60/SF
− Vacancy
−$10.2K −$3.56/SF
EGI
$51.5K $18.04/SF
− OpEx
−$12.9K −$4.51/SF
NOI
$38.7K $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%
$773,200
Cap Rate 7%
$552,286
Cap Rate 9%
$429,556
Alternative Uses
Best Use
Office B
$552.3K
$483.3K – $644.3K
NOI $38,660 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.4K
$748.5K – $998.0K
NOI $59,881 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 12148, NY
4,935
Population
1,949
Households
2.5
Avg Household Size
47
Median Age
58%
College-Educated
95%
High-School Grad
15.6 sq mi
ZIP Area
316
Density / Sq Mi
$135,694
Median Household Income
$103,654
Median Earnings
$1,134
Median Rent
$406,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout includes private rooms, shared work areas, a kitchen, and ADA-accessible entry.
Where is this office building located?
The property is located at 1585 Route 146 Rexford, NY.
What is the asking price?
The asking price for this property is $674,990.
What are key features of this property?
This property features: 2,858 SF two‑story office building on a full acre; 18 private parking spaces and ADA‑compliant entry; New furnace installed in 2025
