Glenville Mixed-Use Building For
658 Saratoga Road, Glenville, NY 12302
Mixed-use building with retail space, apartment, and high visibility.
Property size:
1,800 SFPrice / SF:
$261/SF- Added:
- May 30, 2025
- Days on Market:
- 357
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 658 Saratoga Road
General Information
- Standard status
- Active
- Size
- 1,800 SF
Building Details
- Year Built
- 2016
Listing agent CHRISTOPHER MALEY
Listing office MIRANDA REAL ESTATE GROUP, INC (518) 698-5669
Listing date May 30, 2025
Source Corcoran
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
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.
- Ample parking with space for 20+ vehicles on a 4.5‑acre lot.
- Modern construction (built in 2016) with updated features like split AC/heat, tankless HWH, and Generac generator.
- Live‑work potential with a spacious 2‑bedroom apartment featuring vaulted ceilings and a large island.
Overview
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.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$276.0K
NOI $24,840 @ 9.00% cap · cautious / downside scenario
Moderate
$354.9K
NOI $24,840 @ 7.00% cap · market / base-case scenario
Aggressive
$496.8K
NOI $24,840 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $24.00 |
| − Vacancy | −$3.5k | −$1.92 |
| EGI | $39.7k | $22.08 |
| − OpEx | −$14.9k | −$8.28 |
| NOI | $24.8k | $13.80 |
1,800 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Glenville
- County
- Schenectady
- State
- New York
- Longitude
- -73.9077
- Latitude
- 42.8992
Nearby Similar for Sale
FAQs
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.
