Building Details

Year Built 1999

Buildings 1

Construction steel frame

Listing Agency: Gucciardo Real Estate Group LLC

Listed By: Pavel Karakalchu · License #10401307281 Show Phone

Source: Capmarkrealty

Added: Oct 30 Last Checked: Oct 30 at 11:19AM

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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 Gucciardo Real Estate Group LLC

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Investment Insights

Based on property information with market context.

This 5.28-acre mixed-use property contains more than 8,400 square feet, including approximately 3,700 square feet of finished living area. The residence has three bedrooms, three-and-a-half bathrooms, vaulted ceilings, two stone fireplaces, radiant floor heating, and central air. A separate apartment provides additional living space, while the steel-framed warehouse has two 16-foot overhead doors and one 14-foot door.

The property is at 139 Fayville Road in Providence, New York. Great Sacandaga Lake is a few minutes away, and Saratoga Springs is a 15-minute drive.

Key Highlights

• 5.28 acres with more than 8,400 square feet of total space
• Approximately 3,700 square feet of finished living area
• Steel‑framed warehouse with two 16‑foot doors and one 14‑foot door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,084

Cap Rate

7.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,261,680 $1.3M

Cap Rate 7%

$901,200 $901.2K

Cap Rate 9%

$700,933 $700.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,400 SF

Gross rent

$79.6K $9.48/SF

− Vacancy

−$5.4K −$0.64/SF

EGI

$74.2K $8.84/SF

− OpEx

−$11.1K −$1.33/SF

NOI

$63.1K $7.51/SF

Area

Saratoga County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,261,680

Cap Rate 7%

$901,200

Cap Rate 9%

$700,933

Alternative Uses

Best Use

Office B

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,627 @ 7.0% cap · market cap 13.37%

Second Best

Mixed Use

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,060 @ 7.0% cap · market cap 12.01%

Theoretical Best

Office A

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $175,997 @ 7.0% cap · market cap 20.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Big Box & Wholesale Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Drive-in doors

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 12850, NY

2,786

Population

1,248

Households

2.2

Avg Household Size

44

Median Age

34%

College-Educated

95%

High-School Grad

40.7 sq mi

ZIP Area

68

Density / Sq Mi

$94,189

Median Household Income

$47,031

Median Earnings

$940

Median Rent

$294,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines finished residential space with a warehouse and a separate apartment on a single parcel.

Where is this mixed-use property located?

The property is located at 139 Fayville Road Providence, NY.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 5.28 acres with more than 8,400 square feet of total space; Approximately 3,700 square feet of finished living area; Steel‑framed warehouse with two 16‑foot doors and one 14‑foot door