Office Unit in Staffed
125 High Rock Ave, Saratoga Springs, NY 12866
For Sale
New
Contact for pricing
A shared reception desk and on-site parking serve office occupants at The Mill.
Property Size48,529 SF
Price / SF$0.03
Days on Market5
Property Features for 125 High Rock Ave
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
staffed reception desk
Building Details
Year Built
Listing Agency:
Roohan Realty
Listed By:
Brian Walters · License NY 30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:22AM
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.
The Mill offers a 406-square-foot office unit within a 48,529-square-foot building built in 1898. Building amenities include a staffed reception desk and parking.
The property is at 125 High Rock Ave in Saratoga Springs, a few blocks from Broadway. Phone, internet, and cable are excluded from the all-inclusive lease rate.
The property is at 125 High Rock Ave in Saratoga Springs, a few blocks from Broadway. Phone, internet, and cable are excluded from the all-inclusive lease rate.
Key Highlights
- 406‑square‑foot office unit
- 48,529‑square‑foot building constructed in 1898
- Staffed reception desk and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$656,452
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,129,040
$13.1M
Cap Rate 7%
$9,377,886
$9.4M
Cap Rate 9%
$7,293,911
$7.3M
Market Conditions
NOI Build-Up for 48,529 SF
Gross rent
$1.05M $21.60/SF
− Vacancy
−$173.0K −$3.56/SF
EGI
$875.3K $18.04/SF
− OpEx
−$218.8K −$4.51/SF
NOI
$656.5K $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%
$13,129,040
Cap Rate 7%
$9,377,886
Cap Rate 9%
$7,293,911
Alternative Uses
Best Use
Office B
$9.38M
$8.21M – $10.94M
NOI $656,452 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.53M
$12.71M – $16.95M
NOI $1,016,780 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,022
Businesses Nearby
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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
$419,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Saratoga Springs, NY
Properties on Market for Office Units in Saratoga Springs
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A shared reception desk and on-site parking serve office occupants at The Mill.
Where is this office unit located?
The property is located at 125 High Rock Ave Saratoga Springs, NY.
What are key features of this property?
This property features: 406‑square‑foot office unit; 48,529‑square‑foot building constructed in 1898; Staffed reception desk and on‑site parking
