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 Market12
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
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 7 at 1:42AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,006
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
335
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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
