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    Renovated Office Space Near Saratoga Lake Title is generated by Realmo AI

    1453 NYS RT 9P, Saratoga Springs, NY 12866

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    For Sale
    $399,900

    COMMERCIAL - Other - Saratoga Springs, NY

    Type:Office
    Property size:
    2,039 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $196/SF
    Added:
    May 21, 2026
    Days on Market:
    1
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 1453 NYS RT 9P

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    Commercial
    Parking
    15
    Parking features
    Off Street
    Interior features
    High Speed Internet, Cathedral Ceiling(s), Ceramic Tile Bath
    Basement
    Crawl Space
    Standard status
    Active
    APN
    415089 180.18-1-15.2
    Size
    2,039 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6312

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Well

    Building Details

    Year built
    1970
    Flooring type
    Carpet, Laminate, Hardwood
    Building materials
    Stucco, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Dominick Marchesiello
    Dominick Marchesiello

    Listing agent Dominick Marchesiello License #10401309332

    Listing office KW Platform 494 Maple Ave., Latham, NY

    Listing date May 21, 2026

    MLS# 202617736

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Completely renovated, modern interior featuring soaring cathedral ceilings and hardwood floors.
    • Prime, high‑visibility location on Rt. 9P with consistent traffic and proximity to Saratoga Lake.
    • Ample parking for 15 vehicles plus public sewer.
    • Turnkey business office opportunity.
    • Proximity to Saratoga Boat Launch, Saratoga Lake, Lago by Druthers, Stewarts, and 5 minutes to the Track.
    • Efficient AC splits throughout.

    Overview

    This commercial property, located on Route 9P near Saratoga Lake, offers a completely renovated interior suitable for office use. The space features soaring natural wood cathedral ceilings with exposed trusses, hardwood floors, recessed lighting, new walls and trim, updated bathrooms, and efficient AC splits throughout. The property provides ample parking for 15 vehicles and is connected to public sewer. Situated in a high-traffic area, the location benefits from consistent residential and commercial activity, with ongoing growth from new developments on the east side of Saratoga Lake and Stillwater. The property is near the Saratoga Boat Launch, Saratoga Lake, Lago by Druthers, and Stewarts, and is approximately 5 minutes from the Track. The building size is 2039 square feet and the lot size is 0.18 acres.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $306.5K
    NOI $27,582 @ 9.00% cap · cautious / downside scenario
    Moderate
    $394.0K
    NOI $27,582 @ 7.00% cap · market / base-case scenario
    Aggressive
    $551.6K
    NOI $27,582 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $44.0k $21.60
    − Vacancy −$7.3k −$3.56
    EGI $36.8k $18.04
    − OpEx −$9.2k −$4.51
    NOI $27.6k $13.53
    2,039 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $394.0K
    $344.8K – $459.7K (±1% cap)
    NOI $27,582 @ 7.0% cap · market cap 6.90%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $610.3K
    $534.0K – $712.0K (±1% cap)
    NOI $42,721 @ 7.0% cap · market cap 10.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.721672
    Latitude
    43.051397

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    FAQs

    What type of property is this?
    Office units - Turnkey office opportunity in high-visibility Saratoga Springs location.
    Where is this office units located?
    The property is located at 1453 NYS RT 9P Saratoga Springs, NY.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Completely renovated, modern interior featuring soaring cathedral ceilings and hardwood floors.; Prime, high‑visibility location on Rt. 9P with consistent traffic and proximity to Saratoga Lake.; Ample parking for 15 vehicles plus public sewer.
    (518) 338-7299
    We can help!
    Listing Contact
    Dominick Marchesiello
    Dominick Marchesiello
    Real Estate License ID: 10401309332
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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