Property profile

4164 Ny-22 Grafton, NY 12052

OFF-MARKET
Office Spaces
7,550 SF 10.6 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Total area 7,550 SF
Lot 10.6 ac (461,736 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4164 Ny-22 Grafton, NY 12052
Grafton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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