Three-Office Suite with
For Sale
Contact for pricing
112 Spring Street #109, Saratoga Springs, NY 12866
The suite pairs private workrooms with adaptable space for meetings or additional desks.
Property Size13,640 SF
Price / SF$0.16
Days on Market125
Property Features for 112 Spring Street #109
General Information
Standard status
Active
Size
13,640 SF
Property subtype
Office
Additional Details
Condition
Built-Out
Property Use
Office
Amenities
private meeting rooms
lunch area with kitchenette
wide open hallways
grand central staircase
tall windows
Building Details
Year Built
1962
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 584-0060
Listed By:
Christopher Armer · License #40AR1141826
(518) 527-6786
Source:
Simplywoodardrealestate
Added: Jul 1
Changed: Nov 1
Last Checked: Nov 1 at 4:09PM
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 Berkshire Hathaway Home Services Blake
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Investment Insights
Based on property information with market context.
Set within a renovated former school building, this office suite has three private offices and a larger reception area that can serve as a conference room or additional workspace. Tall windows bring natural light into the interior, and original features include broad hallways and a central staircase. A kitchenette and lunch area provide space for breaks.
The property is at 112 Spring Street in Saratoga Springs, minutes from downtown. A private parking lot provides off-street parking. Utilities are included, with no additional CAM charges.
The property is at 112 Spring Street in Saratoga Springs, minutes from downtown. A private parking lot provides off-street parking. Utilities are included, with no additional CAM charges.
Key Highlights
- Three private offices and a large reception/conference area
- Reception area can also accommodate additional workspace
- Renovated school building with tall windows and original architectural features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,508
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,690,160
$3.7M
Cap Rate 7%
$2,635,829
$2.6M
Cap Rate 9%
$2,050,089
$2.1M
Market Conditions
NOI Build-Up for 13,640 SF
Gross rent
$294.6K $21.60/SF
− Vacancy
−$48.6K −$3.56/SF
EGI
$246.0K $18.04/SF
− OpEx
−$61.5K −$4.51/SF
NOI
$184.5K $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%
$3,690,160
Cap Rate 7%
$2,635,829
Cap Rate 9%
$2,050,089
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.08M
NOI $184,508 @ 7.0% cap · market cap 8,386.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,785 @ 7.0% cap · market cap 12,990.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,289
Businesses Nearby
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Business Placement
Demographics for 12866, NY
40,355
Population
20,462
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
628
Density / Sq Mi
$98,374
Median Household Income
$53,265
Median Earnings
$1,460
Median Rent
$419,200
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 - The suite pairs private workrooms with adaptable space for meetings or additional desks.
Where is this office unit located?
The property is located at 112 Spring Street #109 Saratoga Springs, NY.
What are key features of this property?
This property features: Three private offices and a large reception/conference area; Reception area can also accommodate additional workspace; Renovated school building with tall windows and original architectural features
