Flex Space with Two
New
For Sale
$599,000
195 Fort Edward Road, Fort Edward, NY 12828
Commercial Sale, Fort Edward, NY
Property Size3,540 SF
Lot Size2.02 Acres
Price / SF$169.21
Days on Market4
Property Features for 195 Fort Edward Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Parking
12
Parking features
Off Street, Garage
Exterior features
Lighting
Lot features
Road Frontage, Level
Elementary school
Moreau
High school
South Glens Falls
Elementary school district
South Glens Falls
Middle school district
South Glens Falls
High school district
South Glens Falls
Directions
Fort Edward Road between the Village of South Glens Falls and Rt 197.
Standard status
Active
APN
414489 50.-2-68
Size
3,540 SF
Lot size
2.02 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office, Warehouse
Taxes and HOA fees
Tax Annual Amount
4103
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1979
Flooring type
Carpet, Wood
Building materials
Wood Siding
Architectural style
Other
Additional Structures
Workshop
Buildings
2
Listing Agency:
Davies Davies & Associates Real Estate LLC
(518) 656-9068
Listed By:
Daniel L Davies · License #49DA1061690
(518) 796-9068
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 29 at 2:06PM
MLS# 202628973
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 3,540-square-foot flex property includes two buildings on 2.02 acres. The primary building combines office space with warehouse and storage areas, plus a garage. A second building is leased, and the two buildings contain four restrooms in total.
Built in 1979, the property has wood siding, wood and carpet flooring, electric heat, and window-unit cooling. On-site features include lighting, garage and off-street parking, a well water source, and a septic system.
Built in 1979, the property has wood siding, wood and carpet flooring, electric heat, and window-unit cooling. On-site features include lighting, garage and off-street parking, a well water source, and a septic system.
Key Highlights
- Two buildings on 2.02 acres
- 3,540 square feet of flex space
- Main building includes office, warehouse, storage, and garage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,105
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,100
$762.1K
Cap Rate 7%
$544,357
$544.4K
Cap Rate 9%
$423,389
$423.4K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$63.7K $18.00/SF
− Vacancy
−$5.1K −$1.44/SF
EGI
$58.6K $16.56/SF
− OpEx
−$20.5K −$5.80/SF
NOI
$38.1K $10.76/SF
Area
Washington County, NY
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,100
Cap Rate 7%
$544,357
Cap Rate 9%
$423,389
Alternative Uses
Best Use
Flex RnD
$544.4K
$476.3K – $635.1K
NOI $38,105 @ 7.0% cap · market cap 6.36%
Second Best
Warehouse
$379.8K
$332.3K – $443.1K
NOI $26,586 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$878.2K
$768.5K – $1.02M
NOI $61,477 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12828, NY
9,442
Population
3,974
Households
2.4
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
45.1 sq mi
ZIP Area
209
Density / Sq Mi
$77,776
Median Household Income
$44,153
Median Earnings
$1,147
Median Rent
$213,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A leased second building accompanies office, warehouse, storage, and garage areas on the property.
Where is this flex space located?
The property is located at 195 Fort Edward Road Fort Edward, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two buildings on 2.02 acres; 3,540 square feet of flex space; Main building includes office, warehouse, storage, and garage areas
