Brick Office
For Sale
$350,000
186 Main Street, Ravena, NY 12143
Commercial Sale, Ravena, NY
Property Size1,240 SF
Lot Size0.42 Acres
Price / SF$282.26
Days on Market101
Property Features for 186 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Parking
30
Basement
Full, Finished
Directions
Driving north on 9w, turn left onto main street ravena and property is 1/8 mile on right
Standard status
Active
APN
012401 168.10-3-11
Size
1,240 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
4485
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Building materials
Brick
Roof type
Slate
Listing Agency:
Keller Williams Realty Hudson Valley United
(845) 610-6065
Listed By:
Dave Merchant · License #10401290467
(518) 719-5800
Added: Jul 11
Changed: Oct 2
Last Checked: Oct 19 at 5:06AM
MLS# 202621708
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,240-square-foot office building in Ravena offers a flexible commercial layout suited to professional office and service-oriented operations. Built in 1970, the brick property includes central air, oil heat, a slate roof, and public water and sewer service. Private parking accommodates over 30 cars.
The property fronts Main Street in Ravena and is positioned along Route 9W, where the source data reports approximately 10,000 vehicles daily. Commercial zoning supports the property's office and business-oriented positioning. The building may accommodate uses such as mortgage lending, banking, insurance, accounting, pharmacy, and drive-through operations as identified in the property information.
The property fronts Main Street in Ravena and is positioned along Route 9W, where the source data reports approximately 10,000 vehicles daily. Commercial zoning supports the property's office and business-oriented positioning. The building may accommodate uses such as mortgage lending, banking, insurance, accounting, pharmacy, and drive-through operations as identified in the property information.
Key Highlights
- 1,240 SF office building on a 0.42‑acre lot
- Private parking for over 30 cars
- Located along Route 9W with approximately 10,000 vehicles daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,151
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,020
$383.0K
Cap Rate 7%
$273,586
$273.6K
Cap Rate 9%
$212,789
$212.8K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$32.7K $26.40/SF
− Vacancy
−$7.2K −$5.81/SF
EGI
$25.5K $20.59/SF
− OpEx
−$6.4K −$5.15/SF
NOI
$19.2K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,020
Cap Rate 7%
$273,586
Cap Rate 9%
$212,789
Alternative Uses
Best Use
Office B
$273.6K
$239.4K – $319.2K
NOI $19,151 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.9K
$338.6K – $451.4K
NOI $27,085 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 12143, NY
4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained commercial property with private parking and a flexible layout for office and service uses.
Where is this office building located?
The property is located at 186 Main Street Ravena, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,240 SF office building on a 0.42‑acre lot; Private parking for over 30 cars; Located along Route 9W with approximately 10,000 vehicles daily
