Office Building with Private
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 Market93
Property Features for 186 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
commercial
Zoning description
office building general
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
30
Lot features
Paved
Directions
Driving north on 9w, turn left onto main street ravena and property is 1/8 mile on right
Subdivision
Ravena
Standard status
Active
APN
168.10-3-11
Size
1,240 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
commercial office building with large paved parking area
Tax Annual Amount
4546
Legal Description
commercial office building with large paved parking area
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Building materials
Brick
Roof type
Slate
Listing Agency:
Keller Williams Realty HV Nort
(845) 481-2700
Listed By:
Dave Merchant · License #10401290467
(518) 719-5800
Added: Jul 8
Changed: Oct 5
Last Checked: Oct 8 at 11:06PM
MLS# 20263848
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,240-square-foot brick office building occupies a 0.42-acre site and includes two bathrooms, central air conditioning, and forced-air heating. Built in 1970, the property also features a slate roof, public water, and public sewer. Its interior can accommodate office and service-oriented operations, including mortgage lending, banking, insurance, accounting, pharmacy, and drive-through business uses identified for the property.
The building is positioned on Main Street in Ravena, with access to 9W and reported daily traffic of approximately 10,000 vehicles. Private parking for over 30 cars supports customer and employee access. Commercial zoning and the combination of office features, parking, and public utilities provide a practical setting for a range of business operations.
The building is positioned on Main Street in Ravena, with access to 9W and reported daily traffic of approximately 10,000 vehicles. Private parking for over 30 cars supports customer and employee access. Commercial zoning and the combination of office features, parking, and public utilities provide a practical setting for a range of business operations.
Key Highlights
- 1,240‑square‑foot brick office building on a 0.42‑acre site
- Commercial zoning with office and service‑business use potential
- Private parking for over 30 cars
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
Specialty Retail
$229.1K
$200.5K – $267.3K
NOI $16,037 @ 7.0% cap · market cap 4.58%
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
328
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned building with central air, forced-air heat, and a flexible layout.
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‑square‑foot brick office building on a 0.42‑acre site; Commercial zoning with office and service‑business use potential; Private parking for over 30 cars
