Elevator-Served Office
For Sale
Contact for pricing
Pending
120 West Avenue #303, Saratoga Springs, NY 12866
Third-floor workspace includes shared conference rooms and a break room, with utilities included except internet, phone, and cable.
Property Size1,500 SF
Days on Market77
Property Features for 120 West Avenue #303
General Information
Standard status
Pending
Size
1,500 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
Third Floor
Utilities to Site
Yes
Property Use
Office
Amenities
Shared conference rooms
break room
hallway bathrooms
Building Details
Year Built
2008
Listing Agency:
Roohan Realty
(518) 587-4500
Listed By:
Amy L Sutton · License #30SU0496141
(518) 527-3564
Source:
Simplywoodardrealestate
Added: Aug 20
Changed: Nov 3
Last Checked: Nov 4 at 8:57AM
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 Roohan Realty
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Investment Insights
Based on property information with market context.
Suite 303 offers 1,500 square feet on the building’s third floor. The 2008 office property has an elevator and private parking, while shared facilities include conference rooms, a break room, and hallway bathrooms.
Positioned along West Avenue in Saratoga Springs, the property provides access to a busy corridor. Utilities are included in the rent; internet, phone, and cable are excluded.
Positioned along West Avenue in Saratoga Springs, the property provides access to a busy corridor. Utilities are included in the rent; internet, phone, and cable are excluded.
Key Highlights
- 1,500‑square‑foot office suite on the third floor
- Elevator and private parking
- Shared conference rooms, break room, and hallway bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,291
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,820
$405.8K
Cap Rate 7%
$289,871
$289.9K
Cap Rate 9%
$225,456
$225.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$5.3K −$3.56/SF
EGI
$27.1K $18.04/SF
− OpEx
−$6.8K −$4.51/SF
NOI
$20.3K $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%
$405,820
Cap Rate 7%
$289,871
Cap Rate 9%
$225,456
Alternative Uses
Best Use
Office B
$289.9K
$253.6K – $338.2K
NOI $20,291 @ 7.0% cap · market cap 699.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 1,083.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Third-floor workspace includes shared conference rooms and a break room, with utilities included except internet, phone, and cable.
Where is this office unit located?
The property is located at 120 West Avenue #303 Saratoga Springs, NY.
What are key features of this property?
This property features: 1,500‑square‑foot office suite on the third floor; Elevator and private parking; Shared conference rooms, break room, and hallway bathrooms
