Medical Office Building with
New
For Sale
$375,000
299 N Ballston Avenue, Scotia, NY 12302
Commercial Sale, Scotia, NY
Property Size2,400 SF
Lot Size1.30 Acres
Price / SF$156.25
Days on Market4
Property Features for 299 N Ballston Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Property condition
Under Construction
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
14
Parking features
Off Street
Interior features
High Speed Internet
Lot features
Road Frontage, Wetlands, Wooded, Irregular Lot
High school
Scotia-Glenville
Elementary school district
Scotia Glenville
Middle school district
Scotia Glenville
High school district
Scotia Glenville
Directions
N Ballston Ave (Rt 50 to Culligan Dr (next to Baptist Health), go behind Baptist, take a left at the Culligan building. Property is on the right
Standard status
Active
APN
422201 30.69-1-1
Size
2,400 SF
Lot size
1.30 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Flooring type
Carpet, Linoleum
Building materials
Frame, Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Purdy Realty LLC
(518) 384-1117
Listed By:
Laura Conrad · License #49CO0926929
(518) 229-4943
Added: Aug 24
Changed: Aug 25
Last Checked: Aug 27 at 3:06AM
MLS# 202624702
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot, single-story building sits on 1.3 acres at 299 N Ballston Avenue in Scotia, New York. The property is zoned Commercial and identified as a BR Business Residence zone. Constructed in 1998, the building includes carpet and linoleum flooring, central air, forced-air natural gas heat, high-speed internet, and an asphalt roof. Its prior uses included a medical office and a temporary Scotia Police facility.
The site provides a private parking lot with 14 spaces and off-street parking. Public water and public sewer serve the property. The building is currently identified as under construction, offering a defined commercial structure with an existing utility and parking setup.
The site provides a private parking lot with 14 spaces and off-street parking. Public water and public sewer serve the property. The building is currently identified as under construction, offering a defined commercial structure with an existing utility and parking setup.
Key Highlights
- 2,400‑square‑foot single‑story building on 1.3 acres
- Zoned Commercial; BR Business Residence zone
- Private parking lot with 14 spaces
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
$30,866
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
8.23%
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%
$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
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
$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 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%
$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 10.78%
Second Best
Healthcare Medical
$440.9K
$385.8K – $514.4K
NOI $30,866 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$718.4K
$628.6K – $838.1K
NOI $50,285 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
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
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 - Single-story commercial property with dedicated parking and public water and sewer service.
Where is this medical office space located?
The property is located at 299 N Ballston Avenue Scotia, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,400‑square‑foot single‑story building on 1.3 acres; Zoned Commercial; BR Business Residence zone; Private parking lot with 14 spaces
