Neighborhood Plaza Retail
For Sale
Contact for pricing
15 Trieble Avenue Suite 5, Ballston Spa, NY 12020
The suite is configured for retail use and may accommodate businesses that do not compete with current plaza tenants.
Property Size14,140 SF
Price / SF$0.00
Days on Market133
Property Features for 15 Trieble Avenue Suite 5
General Information
Standard status
Active
Size
14,140 SF
Property subtype
Retail
Building Details
Year Built
2005
Listing Agency:
Julie & Co Realty LLC
(518) 350-7653
Listed By:
JoAnn Potrzuski Cassidy · License #10301213077
(518) 470-3281
Source:
Simplywoodardrealestate
Added: Jun 23
Changed: Nov 1
Last Checked: Nov 1 at 3:13PM
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 Julie & Co Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 1,300-square-foot retail suite is available within a neighborhood plaza built in 2005. The space is currently used as a mail and postage store, with other noncompeting business uses also described as possible.
The property is at 15 Trieble Avenue in Ballston Spa, New York. A new development of more than 400 apartments has been approved next door, and national tenants are located in the surrounding area.
The property is at 15 Trieble Avenue in Ballston Spa, New York. A new development of more than 400 apartments has been approved next door, and national tenants are located in the surrounding area.
Key Highlights
- 1,300 SF retail suite within a neighborhood plaza
- Currently used as a mail and postage store
- Businesses must not compete with existing plaza tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,681
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,413,620
$3.4M
Cap Rate 7%
$2,438,300
$2.4M
Cap Rate 9%
$1,896,456
$1.9M
Market Conditions
NOI Build-Up for 14,140 SF
Gross rent
$254.5K $18.00/SF
− Vacancy
−$10.7K −$0.76/SF
EGI
$243.8K $17.24/SF
− OpEx
−$73.1K −$5.17/SF
NOI
$170.7K $12.07/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,413,620
Cap Rate 7%
$2,438,300
Cap Rate 9%
$1,896,456
Alternative Uses
Best Use
Retail
$2.44M
$2.13M – $2.84M
NOI $170,681 @ 7.0% cap · market cap 853,405.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.23M
$3.70M – $4.94M
NOI $296,261 @ 7.0% cap · market cap 1,481,305.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The suite is configured for retail use and may accommodate businesses that do not compete with current plaza tenants.
Where is this retail space located?
The property is located at 15 Trieble Avenue Suite 5 Ballston Spa, NY.
What are key features of this property?
This property features: 1,300 SF retail suite within a neighborhood plaza; Currently used as a mail and postage store; Businesses must not compete with existing plaza tenants
