Office Suite with Open
For Sale
Contact for pricing
10 Blacksmith Drive Suite 2, Malta, NY 12020
Reception counters, a break area, and designated parking support a range of office configurations.
Property Size4,928 SF
Price / SF$0.00
Days on Market187
Property Features for 10 Blacksmith Drive Suite 2
General Information
Standard status
Active
Size
4,928 SF
Property subtype
Office
Building Details
Year Built
1993
Listing Agency:
Continuum Commercial Realty
(518) 371-0200
Listed By:
Ryan Taylor · License #10491211431
(518) 605-7792
Source:
Simplywoodardrealestate
Added: May 1
Changed: Nov 1
Last Checked: Nov 1 at 3:09PM
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 Continuum Commercial Realty
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Investment Insights
Based on property information with market context.
The office suite includes a reception area with built-in counters, an open bullpen, and a break area with bar seating. Natural light enters the space, and designated parking is provided.
The suite is at 10 Blacksmith Drive in Malta, with visibility from Route 9 and access to I-87.
The suite is at 10 Blacksmith Drive in Malta, with visibility from Route 9 and access to I-87.
Key Highlights
- 2,100 SF office suite
- Open bullpen with break area and bar seating
- Reception area with custom built‑in counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,661
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,333,220
$1.3M
Cap Rate 7%
$952,300
$952.3K
Cap Rate 9%
$740,678
$740.7K
Market Conditions
NOI Build-Up for 4,928 SF
Gross rent
$106.4K $21.60/SF
− Vacancy
−$17.6K −$3.56/SF
EGI
$88.9K $18.04/SF
− OpEx
−$22.2K −$4.51/SF
NOI
$66.7K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,333,220
Cap Rate 7%
$952,300
Cap Rate 9%
$740,678
Alternative Uses
Best Use
Office B
$952.3K
$833.3K – $1.11M
NOI $66,661 @ 7.0% cap · market cap 444,406.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,251 @ 7.0% cap · market cap 688,340.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
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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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Reception counters, a break area, and designated parking support a range of office configurations.
Where is this office unit located?
The property is located at 10 Blacksmith Drive Suite 2 Malta, NY.
What are key features of this property?
This property features: 2,100 SF office suite; Open bullpen with break area and bar seating; Reception area with custom built‑in counters
