Corner Retail
For Sale
Contact for pricing
Pending
33 Church St, Saratoga Springs, NY 12866
Retail suite with a private restroom, HVAC, and access to public parking in the Mabee Building.
Property Size9,148 SF
Days on Market50
Property Features for 33 Church St
General Information
Standard status
Pending
Size
9,148 SF
Property subtype
Commercial
Amenities
private restroom
HVAC
Building Details
Year Built
2006
Listing Agency:
Summit Properties
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Sep 13
Changed: Oct 31
Last Checked: Nov 1 at 5:15AM
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 Summit Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Mabee Building, completed in 2006, includes a 1,177-square-foot retail suite at 33 Church St. The space occupies a corner position and features a private restroom and HVAC. Public parking is available for customers and visitors.
The property is in downtown Saratoga Springs and is structured around a five-year lease term. Any proposed concept and business plan requires Adirondack Trust approval.
The property is in downtown Saratoga Springs and is structured around a five-year lease term. Any proposed concept and business plan requires Adirondack Trust approval.
Key Highlights
- 1,177 SF retail suite
- Corner position in the Mabee Building
- Private restroom and HVAC included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,424
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,208,480
$2.2M
Cap Rate 7%
$1,577,486
$1.6M
Cap Rate 9%
$1,226,933
$1.2M
Market Conditions
NOI Build-Up for 9,148 SF
Gross rent
$164.7K $18.00/SF
− Vacancy
−$6.9K −$0.76/SF
EGI
$157.7K $17.24/SF
− OpEx
−$47.3K −$5.17/SF
NOI
$110.4K $12.07/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,208,480
Cap Rate 7%
$1,577,486
Cap Rate 9%
$1,226,933
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,424 @ 7.0% cap · market cap 460,100.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.19M
NOI $191,669 @ 7.0% cap · market cap 798,620.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,784
Businesses Nearby
Explore this area
Business Placement
Demographics for 12866, NY
40,355
Population
20,462
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
628
Density / Sq Mi
$98,374
Median Household Income
$53,265
Median Earnings
$1,460
Median Rent
$419,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Retail suite with a private restroom, HVAC, and access to public parking in the Mabee Building.
Where is this retail space located?
The property is located at 33 Church St Saratoga Springs, NY.
What are key features of this property?
This property features: 1,177 SF retail suite; Corner position in the Mabee Building; Private restroom and HVAC included
