Furnished Office
For Sale
$449,000
Ny-144 South St, Glens Falls, NY 12801
Downtown commercial space offering a furnishing option for medical, dental, laboratory, or general office use.
Property Size1,900 SF
Price / SF$236.32
Days on Market214
Property Features for Ny-144 South St
General Information
Standard status
Active
Size
1,900 SF
Taxes and HOA fees
Annual Taxes
$8,594
Listing Agency:
Schermerhorn Realty Group LLC
(518) 470-3131
Listed By:
Patricia Ruland
(518) 321-0999
Source:
Exprealty
Added: Mar 16
Changed: Oct 13
Last Checked: Oct 15 at 12:10AM
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 Schermerhorn Realty Group LLC
Investment Insights
Based on property information with market context.
This 1,900-square-foot office building provides a dedicated commercial setting in downtown Glens Falls. The property is positioned for medical, dental, laboratory, or general office use and may be transferred with furnishings, supporting a range of operating formats without requiring an entirely unfurnished buildout.
The property is located on NY-144 South St in Glens Falls, placing the office within the downtown area. Its configuration and stated use potential make it applicable to professional and healthcare-oriented operations seeking an established commercial building. Furnishings are available as part of the sale, subject to the transaction terms.
The property is located on NY-144 South St in Glens Falls, placing the office within the downtown area. Its configuration and stated use potential make it applicable to professional and healthcare-oriented operations seeking an established commercial building. Furnishings are available as part of the sale, subject to the transaction terms.
Key Highlights
- 1,900‑square‑foot office building
- Located in downtown Glens Falls
- Situated on NY‑144 South St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,412
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,240
$588.2K
Cap Rate 7%
$420,171
$420.2K
Cap Rate 9%
$326,800
$326.8K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$45.6K $24.00/SF
− Vacancy
−$6.4K −$3.36/SF
EGI
$39.2K $20.64/SF
− OpEx
−$9.8K −$5.16/SF
NOI
$29.4K $15.48/SF
Area
Warren County, NY
Vacancy
14.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,240
Cap Rate 7%
$420,171
Cap Rate 9%
$326,800
Alternative Uses
Best Use
Office B
$420.2K
$367.7K – $490.2K
NOI $29,412 @ 7.0% cap · market cap 6.55%
Second Best
Healthcare Medical
$367.3K
$321.4K – $428.5K
NOI $25,712 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,809 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 12801, NY
14,850
Population
7,287
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
90%
High-School Grad
3.8 sq mi
ZIP Area
3,908
Density / Sq Mi
$70,019
Median Household Income
$46,700
Median Earnings
$1,050
Median Rent
$196,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Downtown commercial space offering a furnishing option for medical, dental, laboratory, or general office use.
Where is this office building located?
The property is located at Ny-144 South St Glens Falls, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,900‑square‑foot office building; Located in downtown Glens Falls; Situated on NY‑144 South St
