Office Suite with Private
For Sale
Contact for pricing
18 Division Street #211A, Saratoga Springs, NY 12866
A copy room and secured indoor parking accompany the suite in a building with residential and commercial units.
Property Size900 SF
Price / SF$0.02
Days on Market20
Property Features for 18 Division Street #211A
General Information
Standard status
Active
Size
900 SF
Class
Class A
Total Parking Spaces
1
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
2007
Buildings
1
Stories
6
Listing Agency:
Julie & Co Realty LLC
(518) 350-7653
Listed By:
Amy Farchione-Sgromo · License #40SG0924936
(315) 863-2777
Source:
Simplywoodardrealestate
Added: Oct 14
Changed: Nov 1
Last Checked: Nov 1 at 3:51PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 900-square-foot office suite contains two private offices and a copy room. It is located within a six-story building completed in 2007 that includes both residential and commercial units. One secured indoor parking space is included with the suite.
The property is at 18 Division Street in downtown Saratoga Springs. A public parking garage is directly across the street, and free on-street parking is available nearby.
The property is at 18 Division Street in downtown Saratoga Springs. A public parking garage is directly across the street, and free on-street parking is available nearby.
Key Highlights
- 900‑square‑foot office suite with two private offices and a copy room
- One secured indoor parking space included
- Six‑story residential and commercial building completed in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,935
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,700
$218.7K
Cap Rate 7%
$156,214
$156.2K
Cap Rate 9%
$121,500
$121.5K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$19.4K $21.60/SF
− Vacancy
−$1.9K −$2.16/SF
EGI
$17.5K $19.44/SF
− OpEx
−$6.6K −$7.29/SF
NOI
$10.9K $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%
$218,700
Cap Rate 7%
$156,214
Cap Rate 9%
$121,500
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
Mixed Use
$156.2K
$136.7K – $182.3K
NOI $10,935 @ 7.0% cap · market cap 49,704.55%
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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A copy room and secured indoor parking accompany the suite in a building with residential and commercial units.
Where is this office unit located?
The property is located at 18 Division Street #211A 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; Six‑story residential and commercial building completed in 2007
