Mixed-Use Property with River
For Sale
$598,800
84 Church Hill Road, Waterford, NY 12188
Residential/Mixed Use zoning accommodates office functions alongside living quarters.
Property Size2,840 SF
Price / SF$210.85
Days on Market94
Property Features for 84 Church Hill Road
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Terry Little · License #30LI0632126
(518) 858-2306
Source:
Signatureonerealtygroup
Added: Aug 3
Changed: Nov 3
Last Checked: Nov 3 at 6:09AM
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 Coldwell Banker Prime Properties
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Investment Insights
Based on property information with market context.
Built in 1940 as a church rectory, this 2,840-square-foot property has also served as church offices, meeting space, and a residence. Its current Residential/Mixed Use zoning allows the property to function as a single-family residence or an office with living quarters, subject to applicable requirements. Two glass sunrooms on the first and second floors overlook the river and provide distinctive spaces for meetings or client-facing use.
The property includes a two-car garage and circular driveway for on-site parking. Its established layout, river outlook, and history as a rectory, office, meeting venue, and residence create a flexible mixed-use setting with character and adaptable interior space.
The property includes a two-car garage and circular driveway for on-site parking. Its established layout, river outlook, and history as a rectory, office, meeting venue, and residence create a flexible mixed-use setting with character and adaptable interior space.
Key Highlights
- 2,840‑square‑foot mixed‑use property built in 1940
- Residential/Mixed Use zoning
- Configured for a residence or office with living quarters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,417
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,340
$768.3K
Cap Rate 7%
$548,814
$548.8K
Cap Rate 9%
$426,856
$426.9K
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$61.3K $21.60/SF
− Vacancy
−$10.1K −$3.56/SF
EGI
$51.2K $18.04/SF
− OpEx
−$12.8K −$4.51/SF
NOI
$38.4K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,340
Cap Rate 7%
$548,814
Cap Rate 9%
$426,856
Alternative Uses
Best Use
Office B
$548.8K
$480.2K – $640.3K
NOI $38,417 @ 7.0% cap · market cap 6.42%
Second Best
Mixed Use
$492.9K
$431.3K – $575.1K
NOI $34,506 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$850.1K
$743.8K – $991.7K
NOI $59,504 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
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Business Placement
Demographics for 12188, NY
11,035
Population
5,197
Households
2.1
Avg Household Size
43
Median Age
32%
College-Educated
94%
High-School Grad
13.0 sq mi
ZIP Area
849
Density / Sq Mi
$87,212
Median Household Income
$46,738
Median Earnings
$1,097
Median Rent
$278,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential/Mixed Use zoning accommodates office functions alongside living quarters.
Where is this mixed-use property located?
The property is located at 84 Church Hill Road Waterford, NY.
What is the asking price?
The asking price for this property is $598,800.
What are key features of this property?
This property features: 2,840‑square‑foot mixed‑use property built in 1940; Residential/Mixed Use zoning; Configured for a residence or office with living quarters
