Mixed-Use Property with
For Sale
$224,900
736 3RD Avenue, Watervliet, NY 12189
Two-level layout combines ground-floor business space with an upstairs residential unit.
Property Size1,920 SF
Price / SF$117.14
Days on Market99
Property Features for 736 3RD Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Christopher McCabe · License #40MC1144610
(518) 378-8756
Source:
Signatureonerealtygroup
Added: Jul 31
Changed: Nov 5
Last Checked: Nov 4 at 5:49PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this 1,920-square-foot mixed-use property combines commercial and residential components. The first floor has operated as a florist for several decades and can accommodate uses such as a law office, tax office, or other professional service. Upstairs, a one-bedroom, one-bath apartment includes a large living room and an open-concept eat-in kitchen.
The property includes off-street parking and access to the bus line. Watervliet Arsenal, restaurants, shopping, and major highways are identified nearby, providing a range of transportation and surrounding-use connections for an owner-occupant, investor, or business operator.
The property includes off-street parking and access to the bus line. Watervliet Arsenal, restaurants, shopping, and major highways are identified nearby, providing a range of transportation and surrounding-use connections for an owner-occupant, investor, or business operator.
Key Highlights
- 1,920‑square‑foot mixed‑use property built in 1920
- First‑floor commercial space with several decades of florist use
- Second‑floor one‑bedroom, one‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,008
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,160
$380.2K
Cap Rate 7%
$271,543
$271.5K
Cap Rate 9%
$211,200
$211.2K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$34.6K $18.00/SF
− Vacancy
−$4.1K −$2.16/SF
EGI
$30.4K $15.84/SF
− OpEx
−$11.4K −$5.94/SF
NOI
$19.0K $9.90/SF
Area
Albany County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,160
Cap Rate 7%
$271,543
Cap Rate 9%
$211,200
Alternative Uses
Best Use
Retail
$331.1K
$289.7K – $386.3K
NOI $23,176 @ 7.0% cap · market cap 10.31%
Second Best
Mixed Use
$271.5K
$237.6K – $316.8K
NOI $19,008 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$599.1K
$524.2K – $699.0K
NOI $41,939 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 12189, NY
18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Albany County, NY
Properties on Market for Mixed-use properties in Albany County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout combines ground-floor business space with an upstairs residential unit.
Where is this mixed-use property located?
The property is located at 736 3RD Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 1,920‑square‑foot mixed‑use property built in 1920; First‑floor commercial space with several decades of florist use; Second‑floor one‑bedroom, one‑bath apartment
