Downtown Saratoga Springs Commercial
18 Division Street Unit 103 Saratoga Springs, NY 12866
18 Division Street Unit 103, Saratoga Springs, NY, 12866
$750,000
Pending
For Sale
$750,000
Pending
Turn-key commercial condo in Saratoga Springs' downtown business district.
Property Size2,375 SF
Days on Market417
Property Features for 18 Division Street Unit 103
General Information
- Standard status
- Pending
- Size
- 2,375 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 2007
Listing Agency
Four Seasons Sotheby's International Realty
(413) 374-7808
Listed by
Andrea L Collins · License #10301222905
(413) 374-7808
Source
Compass
Added: May 29, 2025 Checked: Jul 17 at 4:00 am
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 Four Seasons Sotheby's International Realty
Investment Insights
Based on property information with market context.
Located in The Lofts at 18 Division, this 2375 square foot commercial condo is situated in the downtown business district of Saratoga Springs. The unit is suitable for an owner occupant or an investor seeking to lease. Previously used as a hair salon, the space has existing plumbing and electrical infrastructure. It was also previously occupied by Motif Home Gallery. The property features a storefront, providing convenient access for walk-in customers. The unit includes front and rear entrances, three private rooms suitable for offices, in-floor plumbing, and two bathrooms, as well as additional space for a kitchen or storage. The sale includes one indoor parking spot located on the lower level of the garage. The property has a strong rental history.
Key Highlights
- Prime downtown Saratoga Springs location in the business district
- Turn‑key commercial condo suitable for owner‑occupant or investor
- 2375 SF unit with impressive storefront and convenient walk‑in access
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $21.60 |
| − Vacancy | −$5.1k | −$2.16 |
| EGI | $46.2k | $19.44 |
| − OpEx | −$17.3k | −$7.29 |
| NOI | $28.9k | $12.15 |
2,375 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 3.85%
Second Best
Retail
$409.5K
$358.4K – $477.8K
NOI $28,668 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$710.9K
$622.0K – $829.4K
NOI $49,761 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Century Health Capital, ...
Association / Organization
Harding Mazzotti, LLP
Law Firm
Rita Young Law ...
Law Firm
The DWI TEAM
Law Firm
Merrill Lynch Financial ...
Financial Advisor
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FAQs
What type of property is this?
Mixed-use property - Turn-key commercial condo in Saratoga Springs' downtown business district.
Where is this mixed-use property located?
The property is located at 18 Division Street Unit 103 Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime downtown Saratoga Springs location in the business district; Turn‑key commercial condo suitable for owner‑occupant or investor; **2375 SF unit with impressive storefront and convenient walk‑in access**
