Professional Office Building For
3303 Route 9 Saratoga Springs, NY 12866
3303 Route 9, Saratoga Springs, NY, 12866
$1,400,000
For Sale
$1,400,000
Well-maintained office building near downtown Saratoga Springs with flexible layout.
Property Size3,847 SF
Lot Size0.71 Acres
Price / SF$363.92
Days on Market524
Property Features for 3303 Route 9
General Information
- Standard status
- Active
- Size
- 3,847 SF
- Lot size
- 0.71 Acres
- Property subtype
- Commercial
Listing agency
ROOHAN REALTY
(518) 587-4500
Listed by
AMY L SUTTON · License #30SU0496141
Source
Corcoran
Added: Feb 12, 2025 Updated: Jul 10 at 12:57PM Checked: Jul 21 at 4:49AM
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
Investment Insights
Based on property information with market context.
This well-maintained professional office building is located on busy South Broadway. The flexible and well-designed layout features more than 11 private offices, two reception areas, and a kitchenette/break room. The expansive floor plan is adaptable and can support one or two businesses. On-site parking is available with more than 25 spaces. The building has a total size of 3847 square feet. A current tenant occupies approximately half of the building and may remain, offering rental income or space for owner occupancy. The property is located minutes from downtown Saratoga Springs and I-87/Northway.
Key Highlights
- Highly visible professional office building on busy South Broadway.
- Flexible layout with 11+ private offices, 2 reception areas, and kitchenette/break room.
- Ample on‑site parking with 25+ spaces.
Local 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 | $83.1k | $21.60 |
| − Vacancy | −$13.7k | −$3.56 |
| EGI | $69.4k | $18.04 |
| − OpEx | −$17.3k | −$4.51 |
| NOI | $52.0k | $13.53 |
3,847 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$743.4K
$650.5K – $867.3K
NOI $52,038 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,602 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Well-maintained office building near downtown Saratoga Springs with flexible layout.
Where is this office building located?
The property is located at 3303 Route 9 Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Highly visible professional office building on busy South Broadway.; Flexible layout with **11+ private offices, 2 reception areas, and kitchenette/break room.**; Ample on‑site parking with **25+ spaces.**
