Office Suite with Private
New
For Sale
Contact for pricing
18 Division St, Saratoga Springs, NY 12866
A professional workspace in a mixed-use downtown building includes dedicated indoor parking.
Property Size900 SF
Price / SF$0.02
Days on Market2
Property Features for 18 Division St
General Information
Standard status
Active
Size
900 SF
Class
Class A
Total Parking Spaces
1
Property subtype
Commercial
Building Details
Year Built
2007
Stories
6
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Oct 16
Last Checked: Oct 16 at 2:15PM
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 Coldwell Banker Prime Properties
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Investment Insights
Based on property information with market context.
This 900-square-foot office unit is located in a six-story, Class A building completed in 2007. Its layout provides two private offices and a separate copy room. The property is part of a building combining residential and commercial condominium units.
At 18 Division Street in Saratoga Springs, the suite includes one secured indoor parking space. A public parking garage is directly across the street, and free on-street parking is also available.
At 18 Division Street in Saratoga Springs, the suite includes one secured indoor parking space. A public parking garage is directly across the street, and free on-street parking is also available.
Key Highlights
- 900‑square‑foot office suite with two private offices and a copy room
- One secured indoor parking space included
- Public parking garage directly across the street; free on‑street parking is also available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,174
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,480
$243.5K
Cap Rate 7%
$173,914
$173.9K
Cap Rate 9%
$135,267
$135.3K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$19.4K $21.60/SF
− Vacancy
−$3.2K −$3.56/SF
EGI
$16.2K $18.04/SF
− OpEx
−$4.1K −$4.51/SF
NOI
$12.2K $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%
$243,480
Cap Rate 7%
$173,914
Cap Rate 9%
$135,267
Alternative Uses
Best Use
Office B
$173.9K
$152.2K – $202.9K
NOI $12,174 @ 7.0% cap · market cap 55,336.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.4K
$235.7K – $314.3K
NOI $18,857 @ 7.0% cap · market cap 85,713.64%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,856
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - A professional workspace in a mixed-use downtown building includes dedicated indoor parking.
Where is this office units located?
The property is located at 18 Division St Saratoga Springs, NY.
What are key features of this property?
This property features: 900‑square‑foot office suite with two private offices and a copy room; One secured indoor parking space included; Public parking garage directly across the street; free on‑street parking is also available
