Storefront Property Near
For Sale
$175,000
207 W Fulton, Gloversville, NY 12078
Positioned across from a school and a main highway in Gloversville.
Property Size1,700 SF
Price / SF$102.94
Days on Market120
Property Features for 207 W Fulton
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1988
Listing Agency:
Joyce Royal Real Estate
Listed By:
Joyce L Royal · License #37RO1017011
(518) 774-5849
Source:
Signatureonerealtygroup
Added: Jul 7
Changed: Nov 1
Last Checked: Nov 1 at 6:01AM
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 Joyce Royal Real Estate
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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 storefront property at 207 W Fulton in Gloversville, New York, was built in 1988. Its placement across from a school and a main highway provides a clearly identified commercial setting for evaluating retail or service-oriented concepts. The property is offered for sale.
Key Highlights
- Storefront property at 207 W Fulton, Gloversville, NY 12078
- Built in 1988
- Located across from a school and a main highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,006
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,120
$320.1K
Cap Rate 7%
$228,657
$228.7K
Cap Rate 9%
$177,844
$177.8K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$23.9K $14.04/SF
− Vacancy
−$1.0K −$0.59/SF
EGI
$22.9K $13.45/SF
− OpEx
−$6.9K −$4.04/SF
NOI
$16.0K $9.42/SF
Area
Fulton County, NY
Vacancy
4.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,120
Cap Rate 7%
$228,657
Cap Rate 9%
$177,844
Alternative Uses
Best Use
Specialty Retail
$341.3K
$298.7K – $398.2K
NOI $23,892 @ 7.0% cap · market cap 13.65%
Second Best
Retail
$228.7K
$200.1K – $266.8K
NOI $16,006 @ 7.0% cap · market cap 9.15%
Theoretical Best
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,267 @ 7.0% cap · market cap 47.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12078, NY
23,009
Population
11,668
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
87%
High-School Grad
110.8 sq mi
ZIP Area
208
Density / Sq Mi
$54,565
Median Household Income
$36,769
Median Earnings
$908
Median Rent
$122,400
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 Retail in Northeast region
Similar Off Market Nearby
- Peck's Flowers — 189 5th Ave, Gloversville, NY 12078
Frequently Asked Questions
What type of property is this?
Storefront property - Positioned across from a school and a main highway in Gloversville.
Where is this storefront property located?
The property is located at 207 W Fulton Gloversville, NY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Storefront property at 207 W Fulton, Gloversville, NY 12078; Built in 1988; Located across from a school and a main highway
