Single-Story Medical Office
For Sale
$350,000
299 N Ballston Ave, Scotia, NY 12302
One-floor facility with private parking and BR Business Residence zoning.
Property Size2,400 SF
Price / SF$145.83
Days on Market50
Property Features for 299 N Ballston Ave
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
14
Property subtype
Commercial
Zoning
BR
Building Details
Year Built
1998
Buildings
1
Stories
1
Building Size
2,400 SF
Listing Agency:
M J J Realty
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 12 at 7:08PM
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 M J J Realty
Investment Insights
Based on property information with market context.
Located at 299 N Ballston Avenue in Scotia, NY 12302, this 2,400-square-foot, one-floor building was constructed in 1998. The property was previously used as a medical office and later served as a temporary facility for the Scotia Police.
The site includes a private parking lot with space for 14 cars. BR Business Residence zoning is in place, providing the property’s stated land-use designation.
The site includes a private parking lot with space for 14 cars. BR Business Residence zoning is in place, providing the property’s stated land-use designation.
Key Highlights
- 2,400‑square‑foot, one‑floor building
- Constructed in 1998
- Previously used as a medical office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,866
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,320
$617.3K
Cap Rate 7%
$440,943
$440.9K
Cap Rate 9%
$342,956
$343.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$56.2K $23.40/SF
− Vacancy
−$4.7K −$1.97/SF
EGI
$51.4K $21.43/SF
− OpEx
−$20.6K −$8.57/SF
NOI
$30.9K $12.86/SF
Area
Schenectady County, NY
Vacancy
8.40%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,320
Cap Rate 7%
$440,943
Cap Rate 9%
$342,956
Alternative Uses
Best Use
Office B
$577.7K
$505.5K – $674.0K
NOI $40,440 @ 7.0% cap · market cap 11.55%
Second Best
Healthcare Medical
$440.9K
$385.8K – $514.4K
NOI $30,866 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$718.4K
$628.6K – $838.1K
NOI $50,285 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - One-floor facility with private parking and BR Business Residence zoning.
Where is this medical office space located?
The property is located at 299 N Ballston Ave Scotia, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,400‑square‑foot, one‑floor building; Constructed in 1998; Previously used as a medical office
