Two-Story Office Building with Flex
8 Medical Arts Lane Saratoga Springs, NY 12866
For Sale
$549,900
COMMERCIAL - Other - 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
- Office
- Zoning
- Commercial
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 12
- Interior features
- Built-in Features
- Basement
- Full
- Standard status
- Active
- APN
- 165.50-1-6
- Size
- 1,550 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10716
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Flooring type
- Carpet, Linoleum, Tile
- Building materials
- Brick, Vinyl Siding
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing Agency:
Inglenook Realty Inc
(518) 882-6236
Listed By:
Kathleen M Gordon · License #31GO1064958
(518) 365-5137
Added: Feb 12
Changed: Jul 24
Last Checked: Jul 26 at 3:06AM
MLS# 202611999
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.
Investment Insights
Based on property information with market context.
This two-story office building at 8 Medical Arts Lane provides flexible commercial space with five private offices and an additional flex area. The partially finished basement includes a kitchenette and offers extra room that can support operational, staff, or supplementary workspace needs. With five private rooms suitable for professional use and a separate flex space, the layout is designed to accommodate a range of office, service, or educational functions.
The property is positioned across from Saratoga Hospital and benefits from highly trafficked, visible frontage along Route 9N, with approximately 15,000 vehicles per day noted in the listing. On-site parking is described as adequate, supporting convenient access for employees and visitors.
Located in a Commercial zoning district, this offering is currently available for sale and totals approximately 1,550 square feet, with space distributed across the main floors and the partially finished basement.
The property is positioned across from Saratoga Hospital and benefits from highly trafficked, visible frontage along Route 9N, with approximately 15,000 vehicles per day noted in the listing. On-site parking is described as adequate, supporting convenient access for employees and visitors.
Located in a Commercial zoning district, this offering is currently available for sale and totals approximately 1,550 square feet, with space distributed across the main floors and the partially finished basement.
Key Highlights
- Commercial building built in 1980 with two floors and over 1,500 sq ft of flexible space
- Five private office spaces that can be used as exam rooms, classrooms, consultation suites, or workspaces
- Includes a flex area plus a partially finished basement with a kitchenette
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 building - Two-story office building with five private offices and flex space, plus partially finished basement.
Where is this office building 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 building built in 1980 with two floors and over 1,500 sq ft of flexible space; Five private office spaces that can be used as exam rooms, classrooms, consultation suites, or workspaces; Includes a flex area plus a partially finished basement with a kitchenette
