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    4164 Ny-22 Grafton, NY 12052

    Sponsored
    For Sale
    $1,200,000

    Fully Leased Medical Office in NY

    Property size:
    7,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a fully leased, 7,550 square foot Class B medical office building situated on a sizable 10.6-acre lot in Rensselaer County, New York. Conveniently located at 4164 NY-22 (with a Troy mailing address of 4164 NY-2, zip code 12180), this single-story building boasts 100% occupancy with two tenants. The property features a full poured concrete basement accessible via both interior and exterior stairs, equipped with a sump pump for added security. Heating is provided by propane, supplied by two tanks, and a 22-kilowatt Generac propane generator ensures reliable power. The roof was replaced in 2015 and the building is further enhanced by three Lennox furnaces (circa 2015) with central air conditioning. Ample parking is available, with the lot having been repaved in 2015. The building includes common bathrooms and three additional unisex restrooms. The property is zoned A40 and offers significant potential for long-term growth and return on investment. Asking price is $1,200,000, translating to $158.94 per square foot.

    Property Features for 4164 Ny-22

    General Information

    Property type
    Medical offices
    Square Feet
    7,550 SF
    Class
    B
    Lot Size
    461,736 SF

    Building Details

    Stories
    1

    HighLights

    • $1,200,000 asking price for a 7,550 SF medical office building.
    • 100% occupancy with multi‑tenant lease.
    • Located on a 10.6‑acre lot in Cropseyville, NY (Troy mailing address), zoned A40.
    • Features include a full poured concrete basement, propane heat with two tanks, and a 22kW Generac propane generator.
    • Recent improvements include a new shingle roof (2015), three Lennox furnaces with central AC (circa 2015), and a repaved parking lot (2015).
    • The building also has common bathrooms and three additional unisex restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Grafton
    County
    Rensselaer
    State
    New York
    Longitude
    -73.4887288
    Latitude
    42.7584367

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    FAQs

    What type of property is this?
    Medical office - Fully Leased Medical Office in NY
    Where is this medical office located?
    The property is located at 4164 Ny-22 Grafton, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a 7,550 SF medical office building.; 100% occupancy with multi-tenant lease.; Located on a 10.6-acre lot in Cropseyville, NY (Troy mailing address), zoned A40.
    Request Owner's contact information
    4164 Ny-22 Grafton, NY 12052
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4164 Ny-22 Grafton, NY 12052
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