Third-Floor Office
For Sale
Contact for pricing
120 West Avenue #304, Saratoga Springs, NY 12866
A shared conference room, break room, and hallway restrooms complement the private office space.
Property Size1,000 SF
Price / SF$2.45
Days on Market71
Property Features for 120 West Avenue #304
General Information
Standard status
Active
Size
1,000 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
3
Property Use
Office
Amenities
shared conference room
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 24
Changed: Nov 1
Last Checked: Nov 1 at 3:54PM
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 304 offers 1,000 square feet of office space on the building’s third floor. The property was built in 2008 and includes elevator service and a private, off-street parking lot. Shared amenities include a conference room, break room, and hallway restrooms.
Utilities are included in the rent; internet, phone, and cable are separate. The office is located at 120 West Avenue in Saratoga Springs, along the West Avenue corridor.
Utilities are included in the rent; internet, phone, and cable are separate. The office is located at 120 West Avenue in Saratoga Springs, along the West Avenue corridor.
Key Highlights
- 1,000‑square‑foot office suite on the third floor
- Built in 2008
- Elevator‑served building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,527
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,540
$270.5K
Cap Rate 7%
$193,243
$193.2K
Cap Rate 9%
$150,300
$150.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$3.6K −$3.56/SF
EGI
$18.0K $18.04/SF
− OpEx
−$4.5K −$4.51/SF
NOI
$13.5K $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%
$270,540
Cap Rate 7%
$193,243
Cap Rate 9%
$150,300
Alternative Uses
Best Use
Office B
$193.2K
$169.1K – $225.5K
NOI $13,527 @ 7.0% cap · market cap 552.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.3K
$261.9K – $349.2K
NOI $20,952 @ 7.0% cap · market cap 855.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A shared conference room, break room, and hallway restrooms complement the private office space.
Where is this office unit located?
The property is located at 120 West Avenue #304 Saratoga Springs, NY.
What are key features of this property?
This property features: 1,000‑square‑foot office suite on the third floor; Built in 2008; Elevator‑served building
