Contemporary Office Suite with
18 DIVISION ST Unit 311 Saratoga Springs, NY 12866
18 DIVISION ST Unit 311, Saratoga Springs, NY, 12866
$850,000
For Sale
$850,000
Bright office suite with private offices, reception, kitchenette, and an open workspace sized for administrative stations.
Property Size2,740 SF
Price / SF$310.22
Days on Market311
Property Features for 18 DIVISION ST Unit 311
General Information
- Standard status
- Active
- Size
- 2,740 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agency
Carr Real Estate Group, LLC
(518) 488-2434
Listed by
Scott Sullivan · License #40SU1101426
Source
Xome
Added: Sep 15, 2025 Updated: Jul 21 at 12:35PM Checked: Jul 21 at 12:35PM
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 Carr Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This contemporary office suite offers approximately 2,740 square feet of professional workspace and includes three private executive offices, an inviting reception area, a modern kitchenette, and a spacious open-concept work area. The layout is designed to support administrative operations, with expansive windows providing natural light throughout the day. Optional furnishings are available, allowing a more turnkey, plug-and-play approach.
Located at 18 Division Street within the Lofts, the suite is part of a sought-after office environment in Saratoga Springs.
The configuration combines private executive space with a central reception and open workspace, supporting both client interaction and day-to-day administrative work in one suite.
Located at 18 Division Street within the Lofts, the suite is part of a sought-after office environment in Saratoga Springs.
The configuration combines private executive space with a central reception and open workspace, supporting both client interaction and day-to-day administrative work in one suite.
Key Highlights
- Office suite with approximately 2,740 SF of professional workspace
- Includes three private executive offices plus a reception area
- Open‑concept workspace sized to accommodate up to 18 administrative stations
Local Financial Insights For Office B
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 | $59.2k | $21.60 |
| − Vacancy | −$9.8k | −$3.56 |
| EGI | $49.4k | $18.04 |
| − OpEx | −$12.4k | −$4.51 |
| NOI | $37.1k | $13.53 |
2,740 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$529.5K
$463.3K – $617.7K
NOI $37,064 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$820.1K
$717.6K – $956.8K
NOI $57,408 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Bright office suite with private offices, reception, kitchenette, and an open workspace sized for administrative stations.
Where is this office units located?
The property is located at 18 DIVISION ST Unit 311 Saratoga Springs, 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: Office suite with approximately 2,740 SF of professional workspace; Includes three private executive offices plus a reception area; Open‑concept workspace sized to accommodate up to 18 administrative stations
