Building Details

Year built 1984

Building materials Vinyl Siding

Listing Agency: Roohan Realty t**@roohanrealty.com Show Phone

Listed By: Amy L Sutton · License #30SU0496141 Show Phone

Added: Aug 5 Changed: Oct 2 Last Checked: Nov 6 at 6:06AM

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MLS# 202623317

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.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,800-square-foot commercial building occupies one acre and was most recently used as a medical clinic. The property has vinyl siding, central air conditioning, propane and natural gas heating, and parking for 30 vehicles.

Located on Sacandaga Road in Galway, the building offers a well-established commercial setting with on-site well water and a septic tank system. The property was constructed in 1984 and is zoned Commercial.

Key Highlights

• 2,800‑square‑foot commercial building on 1 acre
• Most recently used as a medical clinic
• 30 on‑site parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,737

Cap Rate

8.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$774,740 $774.7K

Cap Rate 7%

$553,386 $553.4K

Cap Rate 9%

$430,411 $430.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$70.6K $25.20/SF

− Vacancy

−$6.0K −$2.14/SF

EGI

$64.6K $23.06/SF

− OpEx

−$25.8K −$9.22/SF

NOI

$38.7K $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%

$774,740

Cap Rate 7%

$553,386

Cap Rate 9%

$430,411

Alternative Uses

Best Use

Healthcare Medical

$553.4K

$484.2K – $645.6K (±1% cap)

NOI $38,737 @ 7.0% cap · market cap 8.16%

Second Best

Office B

$541.1K

$473.5K – $631.3K (±1% cap)

NOI $37,876 @ 7.0% cap · market cap 7.97%

Theoretical Best

Office A

$838.1K

$733.3K – $977.8K (±1% cap)

NOI $58,666 @ 7.0% cap · market cap 12.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dr. Karen Michelena Pediatrician Saratoga Hospital Medical ... Medical Clinic Karen Krutchick, MD Pediatrician

Suggested Use

Top Pick Building Supply Auto Repair Shop Real Estate Agency Kitchen & Bath Showroom Home Appliance Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

53

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 12074, NY

2,901

Population

1,577

Households

1.8

Avg Household Size

49

Median Age

29%

College-Educated

88%

High-School Grad

34.3 sq mi

ZIP Area

85

Density / Sq Mi

$91,901

Median Household Income

$46,303

Median Earnings

$1,600

Median Rent

$287,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Medical Office Space - Commercial property with central air, ample on-site parking, and a one-acre setting in Galway.

Where is this medical office space located?

The property is located at 5344 Sacandaga Road Galway, NY.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 2,800‑square‑foot commercial building on 1 acre; Most recently used as a medical clinic; 30 on‑site parking spaces