First-Floor Office
New
For Sale
Contact for pricing
6 Butler Place, Saratoga Springs, NY 12866
A conference room, three private offices, reception area, and parking support a range of office operations.
Property Size2,880 SF
Price / SF$0.01
Days on Market2
Property Features for 6 Butler Place
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Building Details
Year Built
1999
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Oct 16
Last Checked: Oct 16 at 2:08PM
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 Coldwell Banker Prime Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,880-square-foot office suite occupies the first floor of a carriage house built in 1999. Its layout includes a conference room, three offices, a reception area, and parking, providing several distinct work and visitor areas within one space.
The property is at 6 Butler Place in downtown Saratoga Springs, with local dining, services, and entertainment nearby.
The property is at 6 Butler Place in downtown Saratoga Springs, with local dining, services, and entertainment nearby.
Key Highlights
- 2,880 square feet on the first floor
- Conference room plus three offices
- Reception area and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,958
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,160
$779.2K
Cap Rate 7%
$556,543
$556.5K
Cap Rate 9%
$432,867
$432.9K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$62.2K $21.60/SF
− Vacancy
−$10.3K −$3.56/SF
EGI
$51.9K $18.04/SF
− OpEx
−$13.0K −$4.51/SF
NOI
$39.0K $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%
$779,160
Cap Rate 7%
$556,543
Cap Rate 9%
$432,867
Alternative Uses
Best Use
Office B
$556.5K
$487.0K – $649.3K
NOI $38,958 @ 7.0% cap · market cap 144,288.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$862.0K
$754.3K – $1.01M
NOI $60,342 @ 7.0% cap · market cap 223,488.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,784
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - A conference room, three private offices, reception area, and parking support a range of office operations.
Where is this office units located?
The property is located at 6 Butler Place Saratoga Springs, NY.
What are key features of this property?
This property features: 2,880 square feet on the first floor; Conference room plus three offices; Reception area and parking
