Renovated Professional
New
For Sale
Contact for pricing
331 West Ave, Saratoga Springs, NY 12866
The office includes four private offices, a conference room, a kitchenette, storage, and a dedicated parking lot.
Property Size2,087 SF
Lot Size2.00 Acres
Price / SF$2.30
Days on Market2
Property Features for 331 West Ave
General Information
Standard status
Active
Size
2,087 SF
Lot size
2.00 Acres
Property subtype
Commercial
Amenities
kitchenette
conference room
private offices
storage
high ceilings
large windows
hardwood floors
exposed brick
basement
Building Details
Year Built
1963
Listing Agency:
Levack Real Estate Inc
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:15AM
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 Levack Real Estate Inc
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Investment Insights
Based on property information with market context.
This 2,087-square-foot office property includes four private offices, a conference room, a kitchenette, and storage, with a basement for additional space. Interior features include high ceilings, large windows, hardwood floors, and exposed brick. The kitchenette has been renovated, and the property is associated with 2 acres of land.
A private parking lot serves the property. The address is near the YMCA, Saratoga State Park and SPAC, Pitney Meadows, and recreational trails.
A private parking lot serves the property. The address is near the YMCA, Saratoga State Park and SPAC, Pitney Meadows, and recreational trails.
Key Highlights
- 2,087‑square‑foot office property
- Associated with 2 acres of land
- Four private offices, conference room, kitchenette, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,231
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,620
$564.6K
Cap Rate 7%
$403,300
$403.3K
Cap Rate 9%
$313,678
$313.7K
Market Conditions
NOI Build-Up for 2,087 SF
Gross rent
$45.1K $21.60/SF
− Vacancy
−$7.4K −$3.56/SF
EGI
$37.6K $18.04/SF
− OpEx
−$9.4K −$4.51/SF
NOI
$28.2K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,620
Cap Rate 7%
$403,300
Cap Rate 9%
$313,678
Alternative Uses
Best Use
Office B
$403.3K
$352.9K – $470.5K
NOI $28,231 @ 7.0% cap · market cap 588.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.7K
$546.6K – $728.8K
NOI $43,727 @ 7.0% cap · market cap 910.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
114
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The office includes four private offices, a conference room, a kitchenette, storage, and a dedicated parking lot.
Where is this office unit located?
The property is located at 331 West Ave Saratoga Springs, NY.
What are key features of this property?
This property features: 2,087‑square‑foot office property; Associated with 2 acres of land; Four private offices, conference room, kitchenette, and storage
