Furnished Office
New
For Sale
Contact for pricing
33 Park St, Glens Falls, NY 12801
The layout pairs private offices with a conference room and an eight-station open work area.
Property Size7,920 SF
Price / SF$0.00
Days on Market2
Property Features for 33 Park St
General Information
Standard status
Active
Size
7,920 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Property Use
Office
Building Details
Year Built
2000
Listing Agency:
Heer Realty Inc
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Nov 1
Last Checked: Nov 1 at 3:49PM
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 Heer Realty Inc
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Investment Insights
Based on property information with market context.
This 2,200-square-foot office suite is furnished and includes three private offices, a conference room, and an eight-station open work area. The space also has two toilet rooms and a wet bar with a kitchenette and refrigerator. Adjustable-height desks, chairs, and other office furniture are included; the conference room is equipped with a 75-inch LG monitor, credenza, table, and eight chairs.
The office was cosmetically renovated one year ago. Video access monitoring and a remote-entry latch are also in place. The building was constructed in 2000.
The office was cosmetically renovated one year ago. Video access monitoring and a remote-entry latch are also in place. The building was constructed in 2000.
Key Highlights
- 2,200‑square‑foot furnished office suite
- Three private offices and an eight‑station open work area
- Conference room includes a 75‑inch LG monitor, credenza, table, and 8 chairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,602
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,452,040
$2.5M
Cap Rate 7%
$1,751,457
$1.8M
Cap Rate 9%
$1,362,244
$1.4M
Market Conditions
NOI Build-Up for 7,920 SF
Gross rent
$190.1K $24.00/SF
− Vacancy
−$26.6K −$3.36/SF
EGI
$163.5K $20.64/SF
− OpEx
−$40.9K −$5.16/SF
NOI
$122.6K $15.48/SF
Area
Warren County, NY
Vacancy
14.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,452,040
Cap Rate 7%
$1,751,457
Cap Rate 9%
$1,362,244
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,602 @ 7.0% cap · market cap 766,262.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.77M
NOI $165,940 @ 7.0% cap · market cap 1,037,125.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
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Business Placement
Demographics for 12801, NY
14,850
Population
7,287
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
90%
High-School Grad
3.8 sq mi
ZIP Area
3,908
Density / Sq Mi
$70,019
Median Household Income
$46,700
Median Earnings
$1,050
Median Rent
$196,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The layout pairs private offices with a conference room and an eight-station open work area.
Where is this office unit located?
The property is located at 33 Park St Glens Falls, NY.
What are key features of this property?
This property features: 2,200‑square‑foot furnished office suite; Three private offices and an eight‑station open work area; Conference room includes a 75‑inch LG monitor, credenza, table, and 8 chairs
