424 N Greenbush Road, North Greenbush, NY 12144

Building Details

Year Built 1949 More

Listing Agency: Venture Fox Realty Group LLC s***@venturefoxrealty.com Show Phone

Listed By: Erin Robilotta · License #10301223726 Show Phone

Source: Simplywoodardrealestate

Added: Jul 24 Changed: Nov 7 Last Checked: Nov 7 at 2:25PM

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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 Venture Fox Realty Group LLC

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Investment Insights

Based on property information with market context.

Updated office space totals 1,526 square feet and includes four private offices, an administrative area, two bathrooms, and a kitchen area. A conference room is located in the basement. The property was built in 1949 and is offered with the adjacent lot at 422 North Greenbush Road, alongside the office property at 424 North Greenbush Road.

Key Highlights

• 1,526‑square‑foot office property
• Four private offices plus an administrative area
• Basement conference room, two bathrooms, and a kitchen area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,723

Cap Rate

4.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,460 $374.5K

Cap Rate 7%

$267,471 $267.5K

Cap Rate 9%

$208,033 $208.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,526 SF

Gross rent

$31.7K $20.76/SF

− Vacancy

−$6.7K −$4.40/SF

EGI

$25.0K $16.36/SF

− OpEx

−$6.2K −$4.09/SF

NOI

$18.7K $12.27/SF

Area

Rensselaer County, NY

Vacancy

21.20%

Lease Rate

$20.76 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,460

Cap Rate 7%

$267,471

Cap Rate 9%

$208,033

Alternative Uses

Best Use

Office B

$267.5K

$234.0K – $312.1K (±1% cap)

NOI $18,723 @ 7.0% cap · market cap 4.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$381.5K

$333.8K – $445.1K (±1% cap)

NOI $26,703 @ 7.0% cap · market cap 6.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Pharmacy Building Supply Auto Parts Store HVAC Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

163

Businesses Nearby

Explore this area Business Placement

Demographics for 12144, NY

21,277

Population

10,474

Households

2

Avg Household Size

40

Median Age

38%

College-Educated

93%

High-School Grad

18.3 sq mi

ZIP Area

1,163

Density / Sq Mi

$88,357

Median Household Income

$51,893

Median Earnings

$1,379

Median Rent

$235,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office building - Four private workrooms, administrative space, and a lower-level conference room support a range of office operations.

Where is this office building located?

The property is located at 424 N Greenbush Road North Greenbush, NY.

What is the asking price?

The asking price for this property is $429,000.

What are key features of this property?

This property features: 1,526‑square‑foot office property; Four private offices plus an administrative area; Basement conference room, two bathrooms, and a kitchen area