Medical Office
New
For Sale
$2,599,000
5 Care Lane, Saratoga Springs, NY 12866
Commercial Sale, Saratoga Springs, NY
Property Size11,925 SF
Lot Size2.02 Acres
Price / SF$217.95
Days on Market2
Property Features for 5 Care Lane
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Parking
68
Lot features
Level, Landscaped
High school
Saratoga Springs
Elementary school district
Saratoga Springs
Middle school district
Saratoga Springs
High school district
Saratoga Springs
Directions
from broadway take Church street North, right on Care lane, property on your left
Standard status
Active
APN
411589 165.10-2-1.2
Size
11,925 SF
Lot size
2.02 Acres
Taxes and HOA fees
Tax Annual Amount
36178
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2000
Floors in Building
1
Building materials
Brick, Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Roohan Realty
(518) 587-4500
Listed By:
Dan Roohan · License #10301221364
(518) 527-7895
Added: Oct 9
Last Checked: Oct 10 at 5:06PM
MLS# 202627974
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.
Investment Insights
Based on property information with market context.
This 11,925-square-foot medical office property was built in 2000 and occupies a 2.02-acre parcel. Brick and vinyl siding frame the building, with forced-air natural gas heating, central air conditioning, and an asphalt roof. Public water and sewer serve the site.
Two tenants currently occupy the building. The larger tenant is expected to relocate in mid-2026, while the smaller tenant would like to discuss extending its occupancy with a new owner. The property is zoned Commercial.
Two tenants currently occupy the building. The larger tenant is expected to relocate in mid-2026, while the smaller tenant would like to discuss extending its occupancy with a new owner. The property is zoned Commercial.
Key Highlights
- 11,925‑square‑foot medical office building on 2.02 acres
- Built in 2000 with brick and vinyl siding
- Central air conditioning and forced‑air natural gas heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,980
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,299,600
$3.3M
Cap Rate 7%
$2,356,857
$2.4M
Cap Rate 9%
$1,833,111
$1.8M
Market Conditions
NOI Build-Up for 11,925 SF
Gross rent
$300.5K $25.20/SF
− Vacancy
−$25.5K −$2.14/SF
EGI
$275.0K $23.06/SF
− OpEx
−$110.0K −$9.22/SF
NOI
$165.0K $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%
$3,299,600
Cap Rate 7%
$2,356,857
Cap Rate 9%
$1,833,111
Alternative Uses
Best Use
Healthcare Medical
$2.36M
$2.06M – $2.75M
NOI $164,980 @ 7.0% cap · market cap 6.35%
Second Best
Office B
$2.30M
$2.02M – $2.69M
NOI $161,309 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,853 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A pair of tenants occupy the property, with one planning to relocate in mid-2026 and the other seeking an extension.
Where is this medical office space located?
The property is located at 5 Care Lane Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: 11,925‑square‑foot medical office building on 2.02 acres; Built in 2000 with brick and vinyl siding; Central air conditioning and forced‑air natural gas heating
