Mixed-Use Vanilla Box
For Sale
Contact for pricing
282 Middletown Road, Waterford, NY 12188
Recently renovated interior provides a blank canvas for a tenant’s custom buildout.
Property Size1,186 SF
Price / SF$0.02
Days on Market277
Property Features for 282 Middletown Road
General Information
Standard status
Active
Size
1,186 SF
Property subtype
Mixed Use
Building Details
Year Built
2006
Listing Agency:
Stewarts Shops Corp
(518) 581-1200
Listed By:
Molly Russell · License #10401387600
(518) 633-7783
Source:
Simplywoodardrealestate
Added: Jan 30
Changed: Nov 1
Last Checked: Nov 1 at 3:15PM
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 Stewarts Shops Corp
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Investment Insights
Based on property information with market context.
This mixed-use property offers approximately 1,186 square feet of interior space, recently stripped back and finished as a vanilla box. The open, unfinished condition allows an incoming tenant to plan a buildout around its own requirements. The building was constructed in 2006.
Located at 282 Middletown Road in Waterford, New York, the property is offered for sale.
Located at 282 Middletown Road in Waterford, New York, the property is offered for sale.
Key Highlights
- Approximately 1,186 SF of available space
- Recently converted to vanilla box condition
- Constructed in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,410
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,200
$288.2K
Cap Rate 7%
$205,857
$205.9K
Cap Rate 9%
$160,111
$160.1K
Market Conditions
NOI Build-Up for 1,186 SF
Gross rent
$25.6K $21.60/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$23.1K $19.44/SF
− OpEx
−$8.6K −$7.29/SF
NOI
$14.4K $12.15/SF
Area
Saratoga County, NY
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,200
Cap Rate 7%
$205,857
Cap Rate 9%
$160,111
Alternative Uses
Best Use
Mixed Use
$205.9K
$180.1K – $240.2K
NOI $14,410 @ 7.0% cap · market cap 65,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.0K
$310.6K – $414.2K
NOI $24,849 @ 7.0% cap · market cap 112,950.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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Business Placement
Demographics for 12188, NY
11,035
Population
5,197
Households
2.1
Avg Household Size
43
Median Age
32%
College-Educated
94%
High-School Grad
13.0 sq mi
ZIP Area
849
Density / Sq Mi
$87,212
Median Household Income
$46,738
Median Earnings
$1,097
Median Rent
$278,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Recently renovated interior provides a blank canvas for a tenant’s custom buildout.
Where is this mixed-use property located?
The property is located at 282 Middletown Road Waterford, NY.
What are key features of this property?
This property features: Approximately 1,186 SF of available space; Recently converted to vanilla box condition; Constructed in 2006
