Manufacturing Property with Office
For Sale
$575,000
37 Maple Avenue, Glenville, NY 12302
COMMERCIAL - Glenville, NY
Property Size1,600 SF
Lot Size2.80 Acres
Price / SF$359.38
Days on Market316
Property Features for 37 Maple Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Parking
20
Parking features
Off Street
Directions
Exit 4C from 890, follow Erie Blvd. north, turn right on Maple Ave., property is on left.
Standard status
Active
APN
422289 30.-1-11
Size
1,600 SF
Lot size
2.80 Acres
Taxes and HOA fees
Tax Annual Amount
28349
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Building materials
Block, Vinyl Siding
Roof type
Rubber, Shingle, Metal
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Sanjiv Patel · License #10401377015
(518) 992-5224
Added: Oct 1, 2025
Changed: Aug 6
Last Checked: Aug 12 at 7:06PM
MLS# 202526943
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 industrial property comprises four buildings totaling 1,600 square feet on 2.8 acres. The improvements include office space, storage, a loading area, and production space, with the production building equipped with specialty HVAC and air circulation systems. Construction includes block and vinyl siding, with rubber, shingle, and metal roofing across the buildings.
The property has forced-air heating, central air, off-street parking, public water, and public sewer. Built in 1975, it is zoned Industrial and was previously used by a chemical company. Its combination of production, storage, loading, and office areas supports a range of industrial operating layouts.
The property has forced-air heating, central air, off-street parking, public water, and public sewer. Built in 1975, it is zoned Industrial and was previously used by a chemical company. Its combination of production, storage, loading, and office areas supports a range of industrial operating layouts.
Key Highlights
- Four‑building manufacturing property totaling 1,600 square feet
- 2.8‑acre industrial site
- Production building includes specialty HVAC and air circulation systems
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
$26,960
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
4.69%
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%
$539,200
$539.2K
Cap Rate 7%
$385,143
$385.1K
Cap Rate 9%
$299,556
$299.6K
Market Conditions
NOI Build-Up for 1,600 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
$42.2K $26.40/SF
− Vacancy
−$6.3K −$3.93/SF
EGI
$35.9K $22.47/SF
− OpEx
−$9.0K −$5.62/SF
NOI
$27.0K $16.85/SF
Area
Schenectady County, NY
Vacancy
14.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$539,200
Cap Rate 7%
$385,143
Cap Rate 9%
$299,556
Alternative Uses
Best Use
Office B
$385.1K
$337.0K – $449.3K
NOI $26,960 @ 7.0% cap · market cap 4.69%
Second Best
Warehouse
$171.7K
$150.2K – $200.3K
NOI $12,016 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$478.9K
$419.0K – $558.7K
NOI $33,523 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Four-building industrial property with production, storage, loading, and office areas on a 2.8-acre site.
Where is this manufacturing property located?
The property is located at 37 Maple Avenue Glenville, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑building manufacturing property totaling 1,600 square feet; 2.8‑acre industrial site; Production building includes specialty HVAC and air circulation systems
