2388 US-9, Malta, NY 12020
COMMERCIAL - Other - Malta, NY
- Added:
- Jul 14, 2025
- Days on Market:
- 350
- Last Refresh:
- Jun 28 at 12:06 pm
Property Features for 2388 US-9
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Parking
- 72
- Interior features
- Elevator
- Exterior features
- Lighting
- Basement
- Full
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 414089 240.-2-50.1
- Size
- 28,036 SF
- Lot size
- 3.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 67439
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Zoned, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2006
- Floors in Building
- 2
- Building materials
- Frame, Brick, Wood Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Anne T O'Toole License #10401335798 (518) 207-5090
Listing office Roohan Realty 519 Broadway, Saratoga Springs, NY (518) 587-4500
Listing date Jul 14, 2025
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 26,000+ SF medical/professional building built in 2006
- Full ADA accessibility with an accessible elevator installed
- Central air cooling; natural gas forced‑air heating with zoned system
- Full basement that could be transformed into additional rental space or used for record storage
- Plenty of parking; tenants pay CAM charges
- Near I‑87 Adirondack Northway—about 1 mile from Exit 12
Overview
Access is convenient, with the building positioned about one mile from Exit 12 of I-87 Adirondack Northway. The property is listed as zoned for commercial use, and tenants pay CAM charges.
For owners and operators, the building’s established office configuration and accessibility features make it well-suited for medical practices and professional services seeking a turnkey environment. For investors, the provided lease history information may appeal to those looking for a property that already operates as a multi-tenant medical/professional asset, while retaining the ability to adapt the basement to support additional space requirements over time.
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 | $706.5k | $25.20 |
| − Vacancy | −$60.1k | −$2.14 |
| EGI | $646.5k | $23.06 |
| − OpEx | −$258.6k | −$9.22 |
| NOI | $387.9k | $13.83 |
Alternative Uses
Current Use by Public Records
Map
- City
- Malta
- County
- Saratoga
- State
- New York
- Longitude
- -73.791592
- Latitude
- 42.959634
