Medical Office
For Sale
Contact for pricing
45 Hudson Avenue, Glens Falls, NY 12801
The 3,352-square-foot east-side suite is available for medical or general office use under an NNN lease.
Property Size6,301 SF
Price / SF$0.00
Days on Market138
Property Features for 45 Hudson Avenue
General Information
Standard status
Active
Size
6,301 SF
Property subtype
Office
Additional Details
Office Units
2
Property Use
Office
Building Details
Year Built
1985
Buildings
1
Building Size
6,301 SF
Listing Agency:
Levack Real Estate Inc
Listed By:
R Mark Levack · License #31LE0744941
(518) 793-7600
Source:
Simplywoodardrealestate
Added: Jun 18
Changed: Nov 1
Last Checked: Nov 1 at 3:14PM
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 Levack Real Estate Inc
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Investment Insights
Based on property information with market context.
The 6,301-square-foot building is divided into two office areas. The east-side space offers 3,352 square feet for lease and can serve as medical office space or be adapted for general office use. The west side is planned for occupancy by an orthodontic practice. The lease is structured as NNN, with tenant improvements tied to the lease rate and term.
The property is minutes from Glens Falls Hospital and the central business district. Private off-street parking is available.
The property is minutes from Glens Falls Hospital and the central business district. Private off-street parking is available.
Key Highlights
- 3,352‑square‑foot east‑side suite available for lease
- Medical office or general office use
- West side designated for an owner‑occupied orthodontic office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,268
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,360
$1.7M
Cap Rate 7%
$1,218,114
$1.2M
Cap Rate 9%
$947,422
$947.4K
Market Conditions
NOI Build-Up for 6,301 SF
Gross rent
$158.8K $25.20/SF
− Vacancy
−$16.7K −$2.65/SF
EGI
$142.1K $22.55/SF
− OpEx
−$56.8K −$9.02/SF
NOI
$85.3K $13.53/SF
Area
Warren County, NY
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,360
Cap Rate 7%
$1,218,114
Cap Rate 9%
$947,422
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.63M
NOI $97,539 @ 7.0% cap · market cap 696,707.14%
Second Best
Healthcare Medical
$1.22M
$1.07M – $1.42M
NOI $85,268 @ 7.0% cap · market cap 609,057.14%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,019 @ 7.0% cap · market cap 942,992.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Similar Off Market Nearby
- North Country Cat Hospital — 13 Main St, Queensbury, NY 12804
Frequently Asked Questions
What type of property is this?
Medical Office Space - The 3,352-square-foot east-side suite is available for medical or general office use under an NNN lease.
Where is this medical office space located?
The property is located at 45 Hudson Avenue Glens Falls, NY.
What are key features of this property?
This property features: 3,352‑square‑foot east‑side suite available for lease; Medical office or general office use; West side designated for an owner‑occupied orthodontic office
