Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    421 Broadway Saratoga Springs, NY 12866

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,750 /Mo ($38 SF/Yr)

    Downtown Saratoga Springs retail space available for lease.

    Property size:
    2,100 SF
    Lot size:
    0.21 Acres

    Property Features for 421 Broadway

    General Information

    Size
    2,100 SF
    Lot size
    0.21 Acres

    We can help!

    Listing Contact
    Joann Potrzuski Cassidy
    Source: Moodyscre

    Listing Agent: Joann Potrzuski Cassidy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space on Broadway

    This retail space is located on Broadway in downtown Saratoga Springs. The property features tin ceilings, storefront windows, and hardwood floors. There are two restrooms. The current layout is designed for boutique retail use, but the ownership would consider a restaurant. The space includes approximately 1,700 square feet of retail area, plus a back break room and storage area. Access to the back of the building and one parking space are included. The total property size is 2,100 square feet. The lease is a modified gross lease, with the tenant responsible for utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.7856643
    Latitude
    43.0820215

    Nearby Similar for Lease

    • New
      $5,172 /Mo
      Pending

      Turnkey Restaurant in Saratoga Springs

      Profitable restaurant opportunity in downtown Saratoga Springs with equipment and parking.
      44 Lake Ave, Saratoga Springs, NY 12866
      View Details
    • $32 SF/Yr
      53,327 SF

      Prime Corner Retail Space Available

      Corner retail space in a prime Saratoga Springs location.
      516 Broadway, Saratoga Springs, NY 12866
      View Details
    • $1.00 SF/Yr
      23,068 SF

      Modern Coworking Space on Broadway

      Coworking space with offices, shared space, and parking.
      260 Broadway, Saratoga Springs, NY 12866
      View Details
    • $6,051 /Mo
      4,356 SF

      Contemporary Office Suite For Rent

      Bright office suite in Saratoga Springs with modern amenities.
      18 Division St Unit, Saratoga Springs, NY 12866
      View Details
    • $600 /Mo
      4,197 SF

      Co-working Space in Saratoga Springs

      Single offices in a co-working community with corporate amenities.
      63 Putnam St, Saratoga Springs, NY 12866
      View Details
    • $1,465 /Mo
      36,875 SF

      Broadway Mixed-Use Commercial Space

      Mixed-use building with retail, offices, and apartments in Saratoga Springs.
      376 Broadway Unit L5/L6, Saratoga Springs, NY 12866
      View Details
    • $2,000 /Mo
      1,372 SF

      Route 9 Commercial/Office Space

      Remodeled commercial space on Route 9 with flexible layout.
      460 Maple Ave, Saratoga Springs, NY 12866
      View Details
    • New
      $2,100 /Mo
      4,068 SF

      Downtown Saratoga Springs Office Space

      Turnkey office space in a prime downtown Saratoga Springs location.
      51 Church St, Saratoga Springs, NY 12866
      View Details
    • New
      $695 /Mo
      22,378 SF

      Downtown Saratoga Springs Office Space

      Office space for lease in downtown Saratoga Springs, NY.
      432 Broadway Unit, Saratoga Springs, NY 12866
      View Details
    • $13 SF/Yr
      44,500 SF

      Saratoga Springs Flex Space

      Versatile flex spaces near GlobalFoundries, suitable for various business needs.
      12 Shenandoah Dr, Saratoga Springs, NY 12866
      View Details
    • $1,846 /Mo
      44,500 SF

      Versatile Flex Space Near GlobalFoundries

      Adaptable commercial units perfect for contractors, storage, office, or flex use.
      12 Shenandoah Dr, Saratoga Springs, NY 12866
      View Details
    • $155 SF/Yr
      51,000 SF

      Saratoga Springs Productive Work Space

      Affordable serviced office space with shared amenities and on-site parking.
      125 High Rock Ave, Saratoga Springs, NY 12866
      View Details

    FAQs

    What type of property is this?
    Retail space - Downtown Saratoga Springs retail space available for lease.
    Where is this retail space located?
    The property is located at 421 Broadway Saratoga Springs, NY.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: - Coveted Broadway retail location in downtown Saratoga Springs; - High-visibility storefront windows; - Approximately 1,700 square feet of retail space
    (518) 350-7653
    Request Owner's contact information
    421 Broadway Saratoga Springs, NY 12866
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    421 Broadway
    Saratoga Springs, NY 12866
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Broadway Saratoga Springs, NY 12866
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joann Potrzuski Cassidy
    (518) 350-7653
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.