Office Suite with Reception
For Sale
Contact for pricing
357 Bay Road #1, Queensbury, NY 12804
The layout includes a reception space and several separate offices.
Property Size4,843 SF
Price / SF$0.00
Days on Market203
Property Features for 357 Bay Road #1
General Information
Standard status
Active
Size
4,843 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1972
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 793-6628
Listed By:
Robert L Sears · License #30SE0274629
(518) 793-7940
Source:
Simplywoodardrealestate
Added: Apr 14
Changed: Nov 1
Last Checked: Nov 1 at 3:17PM
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.
This office suite offers 1,490 square feet, with a reception area and multiple individual offices. The property dates to 1972.
The suite is at the signalized corner of Bay Road and Glenwood Avenue in Queensbury, across from Lowe's homebuilding store.
The suite is at the signalized corner of Bay Road and Glenwood Avenue in Queensbury, across from Lowe's homebuilding store.
Key Highlights
- 1,490 square feet available
- Reception area and multiple individual offices
- At the signalized intersection of Bay Road and Glenwood Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,970
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,400
$1.5M
Cap Rate 7%
$1,071,000
$1.1M
Cap Rate 9%
$833,000
$833.0K
Market Conditions
NOI Build-Up for 4,843 SF
Gross rent
$116.2K $24.00/SF
− Vacancy
−$16.3K −$3.36/SF
EGI
$100.0K $20.64/SF
− OpEx
−$25.0K −$5.16/SF
NOI
$75.0K $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%
$1,499,400
Cap Rate 7%
$1,071,000
Cap Rate 9%
$833,000
Alternative Uses
Best Use
Office B
$1.07M
$937.1K – $1.25M
NOI $74,970 @ 7.0% cap · market cap 624,750.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,471 @ 7.0% cap · market cap 845,591.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
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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 unit - The layout includes a reception space and several separate offices.
Where is this office unit located?
The property is located at 357 Bay Road #1 Queensbury, NY.
What are key features of this property?
This property features: 1,490 square feet available; Reception area and multiple individual offices; At the signalized intersection of Bay Road and Glenwood Avenue
