Renovated Flex Space with Garage
85 E Fulton St, Gloversville, NY 12078
For Sale
$159,900
Commercial Sale, Gloversville, NY
Property Size1,458 SF
Price / SF$109.67
Days on Market251
Property Features for 85 E Fulton St
General Information
Property type
Property subtype
Bathrooms
Half bathrooms
Rooms
Directions
Standard status
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
signage
digital display sign
Building Details
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
JOSEPH M LANDER REALTY INC
(518) 848-6993
Listed By:
Joseph Lander
Added: Mar 5
Changed: Oct 31
Last Checked: Nov 10 at 12:06AM
MLS# 11668410
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated flex-space building measures 54x27 and includes one 10x9.6 door, one 11x12 door, and an additional opening that may accommodate a third door. The property also offers a bathroom, insulated doors, an air compressor, a newer furnace, direct hot water, and a rubber roof. Vinyl siding and zoned forced-air heating support the building’s functional commercial configuration.
Located at 85 E Fulton St in Gloversville, the property sits across from a discount beverage and liquor store. Exterior branding includes a large sign and a separate digital display sign for messaging. Public water service is available, with natural gas serving the heating system.
Located at 85 E Fulton St in Gloversville, the property sits across from a discount beverage and liquor store. Exterior branding includes a large sign and a separate digital display sign for messaging. Public water service is available, with natural gas serving the heating system.
Key Highlights
- 54x27 flex‑space building with one 10x9.6 door and one 11x12 door
- Additional opening may accommodate a third door
- Renovated building with newer furnace, direct hot water, and air compressor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,017
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,340
$180.3K
Cap Rate 7%
$128,814
$128.8K
Cap Rate 9%
$100,189
$100.2K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$13.8K $9.48/SF
− Vacancy
−$940 −$0.64/SF
EGI
$12.9K $8.84/SF
− OpEx
−$3.9K −$2.65/SF
NOI
$9.0K $6.18/SF
Area
Fulton County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,340
Cap Rate 7%
$128,814
Cap Rate 9%
$100,189
Alternative Uses
Best Use
Industrial
$128.8K
$112.7K – $150.3K
NOI $9,017 @ 7.0% cap · market cap 5.64%
Second Best
Flex RnD
$119.6K
$104.7K – $139.6K
NOI $8,373 @ 7.0% cap · market cap 5.24%
Theoretical Best
Multifamily LT 5
$1.01M
$882.0K – $1.18M
NOI $70,556 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 12078, NY
23,009
Population
11,668
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
87%
High-School Grad
110.8 sq mi
ZIP Area
208
Density / Sq Mi
$54,565
Median Household Income
$36,769
Median Earnings
$908
Median Rent
$122,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building with multiple overhead openings, signage, mechanical upgrades, and public water service.
Where is this flex space located?
The property is located at 85 E Fulton St Gloversville, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 54x27 flex‑space building with one 10x9.6 door and one 11x12 door; Additional opening may accommodate a third door; Renovated building with newer furnace, direct hot water, and air compressor
