Well-Maintained Office
For Sale
$1,150,000
1147 Ballston Lake Road, Ballston, NY 12019
A versatile office building with private offices, reception, and conference space plus ample on-site parking.
Property Size3,790 SF
Price / SF$303.43
Days on Market153
Property Features for 1147 Ballston Lake Road
General Information
Standard status
Active
Size
3,790 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Business Included
Yes
Office Units
6
Building Details
Tenancy
Multi
Listing Agency:
Miranda Real Estate Group Inc
(518) 424-4616
Listed By:
Jacqueline Perfetti
(518) 424-4616
Source:
Xome
Added: Mar 1
Changed: Jul 10
Last Checked: Jul 16 at 6:09AM
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 Miranda Real Estate Group Inc
Investment Insights
Based on property information with market context.
This well-maintained office building offers a functional, versatile layout designed for professional use. The interior includes six private offices, a reception area, a large conference room, a dedicated kitchen area, and open workspaces that can support a range of day-to-day operating needs.
The property includes ample on-site parking, which supports convenient access for employees, clients, and visitors. It is currently occupied and fully operational, with no build-out required for a seamless transition for an investor or end user.
For buyers seeking an office investment or a ready-to-use workplace, the existing configuration provides multiple private rooms along with shared common areas for collaboration and meetings. The dedicated kitchen and reception setup support typical office operations, while the combination of private offices and open workspaces offers flexibility for different staffing and workflow requirements.
The property includes ample on-site parking, which supports convenient access for employees, clients, and visitors. It is currently occupied and fully operational, with no build-out required for a seamless transition for an investor or end user.
For buyers seeking an office investment or a ready-to-use workplace, the existing configuration provides multiple private rooms along with shared common areas for collaboration and meetings. The dedicated kitchen and reception setup support typical office operations, while the combination of private offices and open workspaces offers flexibility for different staffing and workflow requirements.
Key Highlights
- 3,790 SF office building with a functional, versatile interior layout for professional use
- Includes six private offices, reception area, large conference room, dedicated kitchen area, and open workspaces
- Commercial zoning with 14 parking spaces and a private, paved off‑street driveway
Financial Insights For Office B
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 | $81.9k | $21.60 |
| − Vacancy | −$13.5k | −$3.56 |
| EGI | $68.4k | $18.04 |
| − OpEx | −$17.1k | −$4.51 |
| NOI | $51.3k | $13.53 |
3,790 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$732.4K
$640.8K – $854.5K
NOI $51,267 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$992.6K – $1.32M
NOI $79,408 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 12019, NY
15,826
Population
6,911
Households
2.3
Avg Household Size
45
Median Age
54%
College-Educated
97%
High-School Grad
28.5 sq mi
ZIP Area
555
Density / Sq Mi
$116,329
Median Household Income
$63,121
Median Earnings
$1,191
Median Rent
$381,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A versatile office building with private offices, reception, and conference space plus ample on-site parking.
Where is this office building located?
The property is located at 1147 Ballston Lake Road Ballston, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,790 SF office building with a functional, versatile interior layout for professional use; Includes six private offices, reception area, large conference room, dedicated kitchen area, and open workspaces; Commercial zoning with 14 parking spaces and a private, paved off‑street driveway
