Building Details

Year Built 1960

Buildings 1

Listing Agency: M J J Realty

Listed By: Brian Walters · License #30WA0832219 Show Phone

Source: Albanyprimeproperties

Added: Oct 30 Last Checked: Oct 30 at 2:30PM

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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 M J J Realty

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Investment Insights

Based on property information with market context.

This 2,296-square-foot standalone flex property combines an open work area with a dedicated office. An overhead door provides building access, while the restroom includes a shower; laundry facilities and paved on-site parking are also part of the property. The building dates to 1960.

At 2244 U.S. 9 in Round Lake, the property sits along the Route 9 corridor between I-87 Exits 11 and 12. Availability is stated for December 1, 2026.

Key Highlights

• 2,296 SF standalone flex property
• Open work area with a dedicated office
• Overhead door access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,200

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,000 $284.0K

Cap Rate 7%

$202,857 $202.9K

Cap Rate 9%

$157,778 $157.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,296 SF

Gross rent

$21.8K $9.48/SF

− Vacancy

−$1.5K −$0.64/SF

EGI

$20.3K $8.84/SF

− OpEx

−$6.1K −$2.65/SF

NOI

$14.2K $6.18/SF

Area

Saratoga County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,000

Cap Rate 7%

$202,857

Cap Rate 9%

$157,778

Alternative Uses

Best Use

Flex RnD

$475.9K

$416.4K – $555.2K (±1% cap)

NOI $33,310 @ 7.0% cap · market cap 1,211.27%

Second Best

Industrial

$202.9K

$177.5K – $236.7K (±1% cap)

NOI $14,200 @ 7.0% cap · market cap 516.36%

Theoretical Best

Office A

$687.2K

$601.3K – $801.8K (±1% cap)

NOI $48,106 @ 7.0% cap · market cap 1,749.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Repair Shop Restaurant Auto Parts Store Law Firm Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 12151, NY

957

Population

496

Households

1.9

Avg Household Size

48

Median Age

55%

College-Educated

94%

High-School Grad

2.6 sq mi

ZIP Area

368

Density / Sq Mi

$96,184

Median Household Income

$65,069

Median Earnings

$1,655

Median Rent

$313,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Flex space - A dedicated office, shower-equipped restroom, laundry, and paved on-site parking complement the work area.

Where is this flex space located?

The property is located at 2244 U.S 9 Round Lake, NY.

What are key features of this property?

This property features: 2,296 SF standalone flex property; Open work area with a dedicated office; Overhead door access