5 Care Lane, Saratoga Springs, NY 12866
11,925 SF medical building with flexible zoning.
- Added:
- May 24, 2024
- Days on Market:
- 754
- Last Refresh:
- Apr 5 at 8:23 pm
Property Features for 5 Care Lane
General Information
- Standard status
- Active
- Size
- 11,925 SF
- Lot size
- 2.02 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing agent DAN ROOHAN License #10301221364
Listing office ROOHAN REALTY (518) 587-4500
Listing date May 24, 2024
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of ROOHAN REALTY
HighLights
- Expansive 11,925 square foot building.
- Prime location.
- Zoning permits a versatile range of uses including healthcare, offices, and education.
- Flexible canvas to accommodate various business visions.
- Smaller tenant prefers to negotiate an extension with the new owner.
- Built in 2000.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saratoga Springs
- County
- Saratoga
- State
- New York
- Longitude
- -73.8087
- Latitude
- 43.0867
