221 W Circular St, Saratoga Springs, NY
Spacious 5900 SF building with warehouse, retail, and offices.
- Added:
- Jul 1, 2024
- Days on Market:
- 732
- Last Refresh:
- Apr 5 at 10:34 pm
Property Features for 221 W Circular St
General Information
- Standard status
- Active
- Size
- 5,900 SF
- Lot size
- 0.44 Acres
- Property subtype
- RETAIL
Properties For Sale
at 221 W Circular St Contact usListing office Julie & Co Realty LLC (518) 350-7653
Listing date Jul 1, 2024
Source Moodyscre
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
HighLights
- 5900 sq ft of interior space
- Zoned UR2 with permitted principal & special use options
- Located just ½ mile to I‑87 on a highly visible in‑town street
- Private fenced‑in parking lot large enough for multiple work vehicles
- Includes a warehouse, retail/offices, and loading dock
- Well‑maintained building
Overview
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 | $127.4k | $21.60 |
| − Vacancy | −$21.0k | −$3.56 |
| EGI | $106.4k | $18.04 |
| − OpEx | −$26.6k | −$4.51 |
| NOI | $79.8k | $13.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saratoga Springs
- County
- Saratoga
- State
- New York
- Longitude
- -73.7986
- Latitude
- 43.0757
