Mixed-Use Building with Retail
For Sale
Contact for pricing
Pending
376 BROADWAY #L5/L6, Saratoga Springs, NY 12866
The lower-level commercial suite has two main rooms, a private office, and dedicated storage.
Property Size36,875 SF
Days on Market537
Property Features for 376 BROADWAY #L5/L6
General Information
Standard status
Pending
Size
36,875 SF
Property subtype
Office
Additional Details
Floor
Lower Level
Amenities
parking permit
Building Details
Year Built
1916
Listing Agency:
Roohan Realty
(518) 587-4500
Listed By:
Amy L Sutton · License #30SU0496141
(518) 527-3564
Source:
Simplywoodardrealestate
Added: May 15, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:53PM
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
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.
This 36,875 SF mixed-use building dates to 1916 and combines retail, office, and apartment space. An 800 SF commercial suite is available on the lower level, with two main rooms, a small private office, and storage. The layout offers several distinct areas within the suite.
One parking permit sticker is provided for the lot behind the building. Street parking, public lots, and a garage are also nearby.
One parking permit sticker is provided for the lot behind the building. Street parking, public lots, and a garage are also nearby.
Key Highlights
- 800 SF of lower‑level commercial space
- Two main rooms, a private office, and storage
- Mixed‑use property with retail, office, and apartment space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$448,031
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,960,620
$9.0M
Cap Rate 7%
$6,400,443
$6.4M
Cap Rate 9%
$4,978,122
$5.0M
Market Conditions
NOI Build-Up for 36,875 SF
Gross rent
$796.5K $21.60/SF
− Vacancy
−$79.7K −$2.16/SF
EGI
$716.9K $19.44/SF
− OpEx
−$268.8K −$7.29/SF
NOI
$448.0K $12.15/SF
Area
Saratoga County, NY
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,960,620
Cap Rate 7%
$6,400,443
Cap Rate 9%
$4,978,122
Alternative Uses
Best Use
Mixed Use
$6.40M
$5.60M – $7.47M
NOI $448,031 @ 7.0% cap · market cap 32,116.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.04M
$9.66M – $12.88M
NOI $772,605 @ 7.0% cap · market cap 55,383.87%
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
2,607
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - The lower-level commercial suite has two main rooms, a private office, and dedicated storage.
Where is this mixed-use property located?
The property is located at 376 BROADWAY #L5/L6 Saratoga Springs, NY.
What are key features of this property?
This property features: 800 SF of lower‑level commercial space; Two main rooms, a private office, and storage; Mixed‑use property with retail, office, and apartment space
