Two-Story Medical Office
8 Medical Arts Lane Saratoga Springs, NY 12866
For Sale
$549,900
COMMERCIAL - Saratoga Springs, NY
Property Size1,550 SF
Lot Size0.18 Acres
Price / SF$354.77
Days on Market164
Property Features for 8 Medical Arts Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,550 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10716
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Flooring type
- Carpet, Linoleum
- Building materials
- Vinyl Siding, Brick
- Roof type
- Asphalt
Listing Agency:
INGLENOOK REALTY INC
(518) 882-6236
Listed By:
Kathleen Gordon · License #31GO1064958
(518) 882-6236
Added: Feb 12
Changed: Jul 22
Last Checked: Jul 26 at 3:06AM
MLS# 11792018
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.
Investment Insights
Based on property information with market context.
8 Medical Arts Lane is a two-story commercial office property offering five private office spaces plus an additional flex area for adaptable use. The partially finished basement includes a kitchenette and can support extra back-of-house or operational space. With approximately 1,550 square feet across the building and an additional ~0.18-acre lot, the property is positioned for medical, professional, educational, wellness, retail, or service-oriented uses.
The building is directly across from Saratoga Hospital and is presented as having high visibility on Route 9N with approximately 15,000 vehicles per day. The location is described as providing convenient access to the hospital and includes adequate on-site parking for employees and visitors.
The building is directly across from Saratoga Hospital and is presented as having high visibility on Route 9N with approximately 15,000 vehicles per day. The location is described as providing convenient access to the hospital and includes adequate on-site parking for employees and visitors.
Key Highlights
- Commercial property at 8 Medical Arts Lane in Saratoga Springs, NY, directly across from Saratoga Hospital
- Two floors with over 1,500 sq ft of flexible space with five private office areas
- Partially finished basement includes a kitchenette for additional workspace or expansion
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $25.20 |
| − Vacancy | −$3.3k | −$2.14 |
| EGI | $35.7k | $23.06 |
| − OpEx | −$14.3k | −$9.22 |
| NOI | $21.4k | $13.83 |
1,550 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$306.3K
$268.1K – $357.4K
NOI $21,444 @ 7.0% cap · market cap 3.90%
Second Best
Office B
$299.5K
$262.1K – $349.5K
NOI $20,967 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$463.9K
$406.0K – $541.3K
NOI $32,476 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Wayne Harrison
Medical Clinic
Alexandra Rose Porcu
Dental Office
Harrison Family Dentists
Dental Office
FAQs
What type of property is this?
Office units - Two floors with five private offices, flex space, and a partially finished basement with kitchenette, with on-site parking near Saratoga Hospital.
Where is this office units located?
The property is located at 8 Medical Arts Lane Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Commercial property at 8 Medical Arts Lane in Saratoga Springs, NY, directly across from Saratoga Hospital; Two floors with over 1,500 sq ft of flexible space with five private office areas; Partially finished basement includes a kitchenette for additional workspace or expansion
