2388 Route 9, Mechanicville, NY 12118
26,000+ SF medical/professional building, excellent lease history, park-like setting.
- Added:
- Jul 14, 2025
- Days on Market:
- 358
- Last Refresh:
- Jun 30 at 3:27 am
Property Features for 2388 Route 9
General Information
- Standard status
- Active
- Size
- 26,000 SF
- Lot size
- 3.33 Acres
Listing office Roohan Realty (518) 207-5090
Listing date Jul 14, 2025
Source Exprealty
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HighLights
- Centrally located medical/professional building with 26,000+ SF.
- Excellent lease history, ideal for investors or owner‑occupiers.
- Conveniently located 1 mile from I‑87 (Exit 12).
- Full ADA accessibility and elevator.
- Full basement with potential for additional rental space or storage.
- Ample parking and park‑like setting.
Overview
Local Financial Insights For Healthcare Medical
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 | $655.2k | $25.20 |
| − Vacancy | −$55.7k | −$2.14 |
| EGI | $599.5k | $23.06 |
| − OpEx | −$239.8k | −$9.22 |
| NOI | $359.7k | $13.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mechanicville
- County
- Saratoga
- State
- New York
- Longitude
- -73.7916
- Latitude
- 42.9596
