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Class A Office Suite

107 Hermes Road #suite 200B, Ballston Spa, NY 12020

For Lease
$258 SF/Yr

The layout includes private offices, a conference room, shared work space, and a kitchen/breakroom.

Space Size3,903 SF
Days on Market790

Property Features for 107 Hermes Road #suite 200B

General Information

Standard status Active
Size 3,903 SF
Net Rentable 3,903 SF
Class A
Total Parking Spaces 20

Space & Availability

Available Space 3,903 SF
Contiguous Space 3,903 SF
Space Use Office
Sublease Yes
Available From 2025-01-01
Private Offices 7
Meeting Rooms 1

Lease Terms

Lease Rate $21.50 /SF/MO
Monthly Rent $83,914
Rent per SF/Year $258

Taxes and HOA fees

Annual Taxes $178,032

Amenities

kitchen/breakroom

Building Details

Year Built 2007
Listing Agency: Howard Hanna Capital Inc
Listed By: Joseph P Cardinale · License NY #10401290174
Source: Krutz-properties
Added: Sep 16, 2024 Changed: Nov 13 Last Checked: Nov 13 at 4:26PM

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 Howard Hanna Capital Inc

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Investment Insights

Based on property information with market context.

Suite 200B is a 3,903-square-foot Class A office suite offered for sublease. Its layout includes 7 private offices, a 22' x 11' conference room, and a 26' x 53' common work area, along with a kitchen/breakroom. The building was constructed in 2007 and is located at 107 Hermes Road in Ballston Spa, New York.

Key Highlights

  • 3,903‑square‑foot Class A office suite available for sublease
  • 7 private offices
  • 22' x 11' conference room

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Lockheed Martin Industrial Manufacturer Hallam-ICS Engineering Consultant Lam Research Corporation Research Institute ElectroVaya Industrial Manufacturer Performance Contracting Inc Construction Company

Suggested Use

Top Pick Building Supply Parking Lot & Garage Electrical Service Big Box & Wholesale Store Furniture & Home Goods Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$38.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Ballston Spa, NY

$17.26 /SF/Yr
Avg Asking Price
$15–$19.8 /SF/Yr
Price Range
3,666 SF
Avg Space Size

This space is priced 1395% above the average of $17.26 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Saratoga County, NY

$12.51 Jul
$14.04 Aug
$14.12 Sep
$15.32 Oct

Properties on Market for Office Units in Saratoga County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - The layout includes private offices, a conference room, shared work space, and a kitchen/breakroom.
Where is this office unit located?
The property is located at 107 Hermes Road #suite 200B Ballston Spa, NY.
What is the lease rate?
The lease rate is $258 SF/Yr.
What are key features of this property?
This property features: 3,903‑square‑foot Class A office suite available for sublease; 7 private offices; 22' x 11' conference room
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