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 Market73
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:
Moore Thomas P
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Aug 26
Changed: Nov 5
Last Checked: Nov 6 at 7:45AM
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 Moore Thomas P
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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.
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Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
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
