Flex Space with Office
For Sale
$675,000
26 Grecco Drive, Johnstown, NY 12095
Flexible interior space includes dedicated offices, climate control, three-phase power, and a loading dock.
Property Size10,000 SF
Price / SF$67.50
Days on Market352
Property Features for 26 Grecco Drive
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Business
Building Details
Year Built
1998
Listing Agency:
Coldwell Banker Prime Properties
(518) 762-9885
Listed By:
Clayton J Sitterly · License #30SI1076396
(518) 774-6635
Source:
Simplywoodardrealestate
Added: Nov 17, 2025
Changed: Nov 1
Last Checked: Nov 3 at 8:44AM
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 Coldwell Banker Prime Properties
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Investment Insights
Based on property information with market context.
This 10,000-square-foot flex property, built in 1998, combines 8,400 square feet of flex space with two bathrooms and a 1,600-square-foot office area arranged in four rooms with a private bathroom. The building has epoxy floor finishes, ceiling heights of 14 to 18 feet at the peak, and an expansion wall feature intended to simplify rear-wall additions. It is fully sprinklered and ADA compliant, with central air, an air exchanger, security video, and fire and smoke alarms.
Power service is 400 amps, expandable to 800 amps, with three-phase electrical. The property also includes a load-leveler loading dock, 50 parking spaces, underground utilities, and an employee pavilion. The building has been maintained, and the stated effective age is lower than its actual age. Uses identified for the property include medical, recreational, commercial, and warehouse applications.
Power service is 400 amps, expandable to 800 amps, with three-phase electrical. The property also includes a load-leveler loading dock, 50 parking spaces, underground utilities, and an employee pavilion. The building has been maintained, and the stated effective age is lower than its actual age. Uses identified for the property include medical, recreational, commercial, and warehouse applications.
Key Highlights
- 10,000 square feet total, including 8,400 square feet of flex space and 1,600 square feet of office area
- Office area has four rooms and a private bathroom; flex space includes two bathrooms
- 400‑amp, three‑phase power expandable to 800 amps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,848
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,960
$1.2M
Cap Rate 7%
$883,543
$883.5K
Cap Rate 9%
$687,200
$687.2K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$94.8K $9.48/SF
− Vacancy
−$6.4K −$0.64/SF
EGI
$88.4K $8.84/SF
− OpEx
−$26.5K −$2.65/SF
NOI
$61.8K $6.18/SF
Area
Fulton County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,960
Cap Rate 7%
$883,543
Cap Rate 9%
$687,200
Alternative Uses
Best Use
Warehouse
$1.07M
$938.8K – $1.25M
NOI $75,101 @ 7.0% cap · market cap 11.13%
Second Best
Industrial
$883.5K
$773.1K – $1.03M
NOI $61,848 @ 7.0% cap · market cap 9.16%
Theoretical Best
Multifamily LT 5
$6.91M
$6.05M – $8.07M
NOI $483,924 @ 7.0% cap · market cap 71.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 12095, NY
12,242
Population
5,808
Households
2.1
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
65.2 sq mi
ZIP Area
188
Density / Sq Mi
$69,864
Median Household Income
$45,103
Median Earnings
$860
Median Rent
$159,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible interior space includes dedicated offices, climate control, three-phase power, and a loading dock.
Where is this flex space located?
The property is located at 26 Grecco Drive Johnstown, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 10,000 square feet total, including 8,400 square feet of flex space and 1,600 square feet of office area; Office area has four rooms and a private bathroom; flex space includes two bathrooms; 400‑amp, three‑phase power expandable to 800 amps
