Remodeled Salon with Dog
For Sale
$634,999
426 Geyser Road, Ballston Spa, NY 12020
Remodeled salon with parking, tanning booths, and dog wash.
Property Size2,400 SF
Price / SF$264.58
Days on Market571
Property Features for 426 Geyser Road
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
Cleardoor,Inc
Listed By:
Eric Eckardt · License #10311208883
(518) 368-8087
Source:
Signatureonerealtygroup
Added: Apr 3, 2025
Changed: Oct 25
Last Checked: Oct 24 at 9:30PM
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 Cleardoor,Inc
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Investment Insights
Based on property information with market context.
This remodeled salon features 20 paved parking spaces, with additional parking available behind the building, potentially increasing the total to approximately 50 spaces. The property is equipped with 2 massage chairs, 4 tanning booths, 3 massage rooms, and 3 cutting stations with hydraulic chairs. It also includes a sauna, a coin-operated automatic dog wash station, laundry facilities, and a kitchen. All furnishings can remain. The property is located less than 1 mile from Saratoga County Airport. There is room on the side for a potential drive-through. The well has been tested, and the septic system has been cleaned. All state licenses must be in place. The property is located at 426 Geyser Rd, Ballston Spa, NY, 12020-3021.
Key Highlights
- Fully remodeled salon with extensive equipment included, featuring massage chairs, tanning booths, massage rooms, cutting stations, sauna, laundry, and a kitchen.
- Benefit from 20 paved parking spaces with potential to expand to approximately 50, plus room for a drive‑through.
- Coin‑operated automatic dog wash station provides an additional income stream.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,247
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,940
$744.9K
Cap Rate 7%
$532,100
$532.1K
Cap Rate 9%
$413,856
$413.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$51.8K $21.60/SF
− Vacancy
−$2.2K −$0.91/SF
EGI
$49.7K $20.69/SF
− OpEx
−$12.4K −$5.17/SF
NOI
$37.2K $15.52/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,940
Cap Rate 7%
$532,100
Cap Rate 9%
$413,856
Alternative Uses
Best Use
Specialty Retail
$532.1K
$465.6K – $620.8K
NOI $37,247 @ 7.0% cap · market cap 5.87%
Second Best
Retail
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$718.4K
$628.6K – $838.1K
NOI $50,285 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
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Business Placement
Demographics for 12020, NY
34,667
Population
15,787
Households
2.2
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
75.6 sq mi
ZIP Area
459
Density / Sq Mi
$101,727
Median Household Income
$59,730
Median Earnings
$1,562
Median Rent
$299,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Remodeled salon with parking, tanning booths, and dog wash.
Where is this retail space located?
The property is located at 426 Geyser Road Ballston Spa, NY.
What is the asking price?
The asking price for this property is $634,999.
What are key features of this property?
This property features: Fully remodeled salon with extensive equipment included, featuring massage chairs, tanning booths, massage rooms, cutting stations, sauna, laundry, and a kitchen.; Benefit from 20 paved parking spaces with potential to expand to approximately 50, plus room for a drive‑through.; Coin‑operated automatic dog wash station provides an additional income stream.
