Flex Space with Warehouse
For Sale
Contact for pricing
1 Charlton Rd, Ballston Spa, NY 12020
Light industrial improvements include HVAC, a half bath, and overhead loading access.
Property Size71,003 SF
Price / SF$0.00
Days on Market51
Property Features for 1 Charlton Rd
General Information
Standard status
Active
Size
71,003 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
14 ft
Power
200 amps
Building Details
Year Built
1994
Listing Agency:
M J J Realty
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Sep 9
Changed: Oct 28
Last Checked: Oct 28 at 7:48AM
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 M J J Realty
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Investment Insights
Based on property information with market context.
This flex-space property includes 2,460 SF of light industrial area with warehouse storage, 14' ceilings, and a 12' overhead door. The improvements also feature a 200 amp panel, HVAC, a half bath, and ample parking. The building was constructed in 1994.
The property is located at 1 Charlton Rd in Ballston Spa, with exposure along Charlton Rd and Route 50. Its position on these roadways provides direct access and visibility to passing traffic.
The property is located at 1 Charlton Rd in Ballston Spa, with exposure along Charlton Rd and Route 50. Its position on these roadways provides direct access and visibility to passing traffic.
Key Highlights
- 2,460 SF of light industrial space
- 12' overhead door for warehouse access
- Warehouse storage with 14' ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$439,136
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,782,720
$8.8M
Cap Rate 7%
$6,273,371
$6.3M
Cap Rate 9%
$4,879,289
$4.9M
Market Conditions
NOI Build-Up for 71,003 SF
Gross rent
$673.1K $9.48/SF
− Vacancy
−$45.8K −$0.64/SF
EGI
$627.3K $8.84/SF
− OpEx
−$188.2K −$2.65/SF
NOI
$439.1K $6.18/SF
Area
Saratoga County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,782,720
Cap Rate 7%
$6,273,371
Cap Rate 9%
$4,879,289
Alternative Uses
Best Use
Flex RnD
$14.72M
$12.88M – $17.17M
NOI $1,030,112 @ 7.0% cap · market cap 7,357,942.86%
Second Best
Warehouse
$7.62M
$6.67M – $8.89M
NOI $533,237 @ 7.0% cap · market cap 3,808,835.71%
Theoretical Best
Office A
$21.25M
$18.60M – $24.79M
NOI $1,487,655 @ 7.0% cap · market cap 10,626,107.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12020, NY
34,667
Population
15,787
Households
2.2
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
75.6 sq mi
ZIP Area
459
Density / Sq Mi
$101,727
Median Household Income
$59,730
Median Earnings
$1,562
Median Rent
$299,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial improvements include HVAC, a half bath, and overhead loading access.
Where is this flex space located?
The property is located at 1 Charlton Rd Ballston Spa, NY.
What are key features of this property?
This property features: 2,460 SF of light industrial space; 12' overhead door for warehouse access; Warehouse storage with 14' ceilings
