Versatile Medical Office
5 Care Lane, Saratoga Springs, NY 12866
A well-maintained medical building with zoning flexibility for healthcare, professional offices, or educational uses.
Type:Retail, Office, Mixed Use
Property size:
11,925 SFPrice / SF:
$230/SF- Added:
- Jun 18, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 3:06 am
Property Features for 5 Care Lane
General Information
- Standard status
- Active
- Size
- 11,925 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 2000
Listing office Roohan Realty
Listing date Jun 18, 2026
Source Crexi
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 Roohan Realty
HighLights
- 11,925 SF medical building built in 2000
- Zoning permits a versatile range of uses, including healthcare, professional offices, and educational services
- Well‑maintained medical building with modern amenities for clients and staff
- Tenant arrangements negotiable for a business, lease, or commercial use
Overview
This 11,925-square-foot medical building is designed to support a professional healthcare environment, with modern amenities and well-maintained facilities for both clients and staff. The property’s configuration and zoning provide a flexible foundation for a variety of service-oriented operations.
Located at 5 Care Lane in Saratoga Springs, NY 12866, the site is positioned to serve as a community-facing commercial presence. The seller notes that zoning permits a versatile range of uses, which can support multiple business models depending on the intended tenant’s plan.
For buyers and operators seeking a facility that can accommodate more than a single use category, this property offers an adaptable alternative to more narrowly purposed medical space. It may fit organizations looking to establish or expand healthcare services, operate professional offices, or provide educational services, subject to zoning and any negotiated tenancy terms.
Located at 5 Care Lane in Saratoga Springs, NY 12866, the site is positioned to serve as a community-facing commercial presence. The seller notes that zoning permits a versatile range of uses, which can support multiple business models depending on the intended tenant’s plan.
For buyers and operators seeking a facility that can accommodate more than a single use category, this property offers an adaptable alternative to more narrowly purposed medical space. It may fit organizations looking to establish or expand healthcare services, operate professional offices, or provide educational services, subject to zoning and any negotiated tenancy terms.
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 | $300.5k | $25.20 |
| − Vacancy | −$25.5k | −$2.14 |
| EGI | $275.0k | $23.06 |
| − OpEx | −$110.0k | −$9.22 |
| NOI | $165.0k | $13.83 |
11,925 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.36M
$2.06M – $2.75M
NOI $164,980 @ 7.0% cap · market cap 6.00%
Second Best
Office B
$2.30M
$2.02M – $2.69M
NOI $161,309 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,853 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Orthopaedic Associate-Saratoga: D'Arcy ...
Physician
Cudahy Michael J
Physician
Jonathan P. Gainor, ...
Physician
Dr. Justin M. ...
Physician
Dr. William W. ...
Physician
Location Insight
- Map
- Local Demand
- City
- Saratoga Springs
- County
- Saratoga
- State
- New York
- Longitude
- -73.8086753
- Latitude
- 43.0867028
Nearby Similar for Sale
FAQs
What type of property is this?
Medical center - A well-maintained medical building with zoning flexibility for healthcare, professional offices, or educational uses.
Where is this medical center located?
The property is located at 5 Care Lane Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $2,749,000.
What are key features of this property?
This property features: 11,925 SF medical building built in 2000; Zoning permits a versatile range of uses, including healthcare, professional offices, and educational services; Well‑maintained medical building with modern amenities for clients and staff
