Office Buildings at Lighted
For Sale
$410,000
351 Bay Road, Queensbury, NY 12804
Two office buildings with excellent road exposure and ample parking.
Property Size1,751 SF
Lot Size0.45 Acres
Price / SF$234.15
Days on Market229
Property Features for 351 Bay Road
General Information
Standard status
Active
Size
1,751 SF
Total Parking Spaces
20
Lot size
0.45 Acres
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$1,426
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway Home Services Blake
Listed By:
Robert L Sears · License #30SE0274629
(518) 793-7940
Source:
Capmarkrealty
Added: Mar 5
Changed: Oct 19
Last Checked: Oct 19 at 4:03AM
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 Berkshire Hathaway Home Services Blake
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Investment Insights
Based on property information with market context.
The offering includes two buildings. The first, located at 351 Bay Rd, is a 1.5-story office building with 1751 square feet and a full basement. It features gas hot water heat, central air conditioning, and is handicapped accessible. The second building, located at 97 Glenwood Ave, is a 1646 square foot single-story structure with a small loft area for storage. The combined lot size is 0.45 acres and provides ample parking. The property has 102 feet of frontage on Bay Rd and 192 feet of frontage on Glenwood Ave. The zoning is Commercial Intensive. The property benefits from excellent road exposure at a busy four-way lighted intersection.
Key Highlights
- Excellent road exposure at a busy 4‑way lighted intersection.
- Commercial Intensive zoning.
- Two buildings included: a 1751SF 1.5 story office building and a 1646 SF single story building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,105
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,100
$542.1K
Cap Rate 7%
$387,214
$387.2K
Cap Rate 9%
$301,167
$301.2K
Market Conditions
NOI Build-Up for 1,751 SF
Gross rent
$42.0K $24.00/SF
− Vacancy
−$5.9K −$3.36/SF
EGI
$36.1K $20.64/SF
− OpEx
−$9.0K −$5.16/SF
NOI
$27.1K $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%
$542,100
Cap Rate 7%
$387,214
Cap Rate 9%
$301,167
Alternative Uses
Best Use
Office B
$387.2K
$338.8K – $451.8K
NOI $27,105 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.1K
$458.6K – $611.5K
NOI $36,687 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 12804, NY
27,790
Population
13,287
Households
2.1
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
54.7 sq mi
ZIP Area
508
Density / Sq Mi
$90,074
Median Household Income
$50,368
Median Earnings
$1,209
Median Rent
$284,400
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 building - Two office buildings with excellent road exposure and ample parking.
Where is this office building located?
The property is located at 351 Bay Road Queensbury, NY.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Excellent road exposure at a busy 4‑way lighted intersection.; Commercial Intensive zoning.; Two buildings included: a 1751SF 1.5 story office building and a 1646 SF single story building.
