Glenville Mixed-Use Building For
For Sale
$469,999
658 Saratoga Road, Glenville, NY 12302
Mixed-use building with retail space, apartment, and high visibility.
Property Size1,800 SF
Price / SF$261.11
Days on Market507
Property Features for 658 Saratoga Road
General Information
Standard status
Active
Size
1,800 SF
Taxes and HOA fees
Annual Taxes
$10,903
Building Details
Year Built
2016
Listing Agency:
MIRANDA REAL ESTATE GROUP, INC
Listed By:
CHRISTOPHER MALEY · License #10401362298
(518) 698-5669
Source:
Corcoran
Added: May 30, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 MIRANDA REAL ESTATE GROUP, INC
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Investment Insights
Based on property information with market context.
This mixed-use building, constructed in 2016, presents a business opportunity in Glenville. The property is suited for office, salon, or retail use. It benefits from a daily traffic count of 19,000 and 195 feet of road frontage. The 4.5-acre lot includes parking for over 20 vehicles. The building features a first floor suitable for commercial activities and a second-floor apartment. The first floor is equipped with new split AC/heat systems and a washer/dryer. Additional features include a Generac generator, tankless hot water heater, and two electric meters. The second floor contains two bedrooms, an open kitchen with vaulted ceilings, and a large island. The property offers both income-generating potential and a live-work option due to the existing business on the first floor and the apartment on the second floor. The building's size is approximately 1800 square feet.
Key Highlights
- High‑traffic location with 19,000 daily count and 195' road frontage for excellent visibility.
- Income‑generating property with a profitable business on the first floor and a well‑appointed apartment on the second floor.
- Mixed‑use building suitable for office, salon, or retail space, offering versatile business opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,840
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,800
$496.8K
Cap Rate 7%
$354,857
$354.9K
Cap Rate 9%
$276,000
$276.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$43.2K $24.00/SF
− Vacancy
−$3.5K −$1.92/SF
EGI
$39.7K $22.08/SF
− OpEx
−$14.9K −$8.28/SF
NOI
$24.8K $13.80/SF
Area
Schenectady County, NY
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,800
Cap Rate 7%
$354,857
Cap Rate 9%
$276,000
Alternative Uses
Best Use
Mixed Use
$354.9K
$310.5K – $414.0K
NOI $24,840 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$310.4K
$271.6K – $362.1K
NOI $21,727 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$538.8K
$471.4K – $628.6K
NOI $37,714 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
151
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail space, apartment, and high visibility.
Where is this mixed-use property located?
The property is located at 658 Saratoga Road Glenville, NY.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: High‑traffic location with 19,000 daily count and 195' road frontage for excellent visibility.; Income‑generating property with a profitable business on the first floor and a well‑appointed apartment on the second floor.; Mixed‑use building suitable for office, salon, or retail space, offering versatile business opportunities.
