Medical Office Building with
2388 US-9, Malta, NY 12020
For Sale
$5,900,000
Commercial Sale, Malta, NY
Property Size26,000 SF
Lot Size3.33 Acres
Price / SF$210.44
Days on Market51
Property Features for 2388 US-9
General Information
Property type
Property subtype
Zoning
Parking
Interior features
Exterior features
Basement
Accessibility
Lot features
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Amenities
ADA accessibility
large basement area
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Roohan Realty
(518) 587-4500
Listed By:
Anne T O'Toole · License NY #10401335798
(518) 207-5090
Added: Sep 21
Changed: Oct 27
Last Checked: Nov 10 at 8:06PM
MLS# 202626768
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.
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Investment Insights
Based on property information with market context.
Built in 2006, this 28,036-square-foot office building occupies 3.33 acres and is configured for medical and professional use. The property is fully leased to five established tenants and includes an elevator, ADA-accessible features, a basement area, and private parking. Interior finishes include carpet, ceramic tile, and laminate flooring, while the building is served by natural gas forced-air heating, zoned climate control, and central air conditioning.
The property is located at 2388 US-9 in Malta, New York, with Commercial zoning and public sewer service. Brick, frame, and wood siding construction, asphalt roofing, and exterior lighting complete the improvements. Its existing tenant occupancy and flexible configuration also support an owner-user arrangement with space for continued rental income.
The property is located at 2388 US-9 in Malta, New York, with Commercial zoning and public sewer service. Brick, frame, and wood siding construction, asphalt roofing, and exterior lighting complete the improvements. Its existing tenant occupancy and flexible configuration also support an owner-user arrangement with space for continued rental income.
Key Highlights
- 28,036‑square‑foot office building on 3.33 acres
- Fully leased to 5 established tenants
- Medical and professional office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$387,872
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,757,440
$7.8M
Cap Rate 7%
$5,541,029
$5.5M
Cap Rate 9%
$4,309,689
$4.3M
Market Conditions
NOI Build-Up for 28,036 SF
Gross rent
$706.5K $25.20/SF
− Vacancy
−$60.1K −$2.14/SF
EGI
$646.5K $23.06/SF
− OpEx
−$258.6K −$9.22/SF
NOI
$387.9K $13.83/SF
Area
Saratoga County, NY
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,757,440
Cap Rate 7%
$5,541,029
Cap Rate 9%
$4,309,689
Alternative Uses
Best Use
Healthcare Medical
$5.54M
$4.85M – $6.46M
NOI $387,872 @ 7.0% cap · market cap 6.57%
Second Best
Office B
$5.42M
$4.74M – $6.32M
NOI $379,243 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$8.39M
$7.34M – $9.79M
NOI $587,410 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
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Business Placement
Demographics for 12020, NY
34,667
Population
15,787
Households
2.2
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
75.6 sq mi
ZIP Area
459
Density / Sq Mi
$101,727
Median Household Income
$59,730
Median Earnings
$1,562
Median Rent
$299,600
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Saratoga County, NY
Properties on Market for Office buildings in Saratoga County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased property with five established tenants, private parking, ADA access, and owner-user flexibility.
Where is this office building located?
The property is located at 2388 US-9 Malta, NY.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 28,036‑square‑foot office building on 3.33 acres; Fully leased to 5 established tenants; Medical and professional office configuration
