Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Furnished Office Space in Ballston Title is generated by Realmo AI

    62 Milton Avenue, Ballston Spa, NY 12020

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,000/Mo $18 SF/Yr (calc)

    2,000 SF furnished office space for lease in Ballston.

    Type:Office
    Property size:
    2,000 SF
    Added:
    May 20, 2026
    Days on Market:
    6
    Last Refresh:
    May 20 at 8:07 pm

    Property Features for 62 Milton Avenue

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Jared Skaarup

    Listing agent Jared Skaarup

    Listing office

    Listing date May 20, 2026

    Source Cbre

    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 Jared Skaarup

    HighLights

    • Fully furnished office space
    • Utilities included
    • ±2,000 SF second story office space
    • Four (4) on‑street parking spaces
    • Proximate to Wiswall Park
    • Located near commercial establishments

    Overview

    Available for lease is approximately 2,000 square feet of second-story office space within a larger building of approximately 3,756 square feet, located in Ballston Spa, New York. The space is fully furnished and includes utilities. Access to the second story is provided via a staircase. There are four on-street parking spaces available. The property is situated approximately 0.1 miles from the nearest public parking lot at 26 Malta Avenue and less than 0.1 miles away from Wiswall Park. The location is proximate to various commercial establishments, including Pizza Works, Cumberland Farms, Brickyard Tavern Grill, Back Barn Brewing, and The Whistling Kettle. The annual average daily traffic count at Milton Avenue is 11,751, as of 2025.
    Location Intelligence

    Current Use by Public Records

    Ecofinishes Carpet & Flooring Store boylegroup Home Decor Store Rovetto Design Group ... Interior Design rEclaim General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ballston Spa
    County
    Saratoga
    State
    New York
    Longitude
    -73.848422
    Latitude
    43.002764

    Nearby Similar for Lease

    • $4,267/Mo
      5,595 SF

      New Retail Space in Ballston

      New construction retail space available for lease in Ballston.
      230 Church Avenue, Ballston Spa, NY 12020
      View Details
    • $2,135/Mo
      5,595 SF

      New Retail Space in Ballston

      New construction retail space with high visibility and natural light.
      230 Church Avenue, Ballston Spa, NY 12020
      View Details
    • $15 SF/Yr
      2,460 SF

      Ballston Spa Light Industrial Space

      Light industrial space available in Ballston Spa, NY.
      1 Charlton Road, Ballston Spa, NY 12020
      View Details
    • $11 SF/Yr
      45,660 SF

      Office and Warehouse Suites Available

      Multiple office and warehouse suites available for lease.
      107 Hermes Road, Ballston Spa, NY, 12020
      View Details
    • $15 SF/Yr
      2,460 SF

      Industrial Space on High-Traffic Road

      2,460 SF light industrial space available for lease.
      1 Charlton Road #106, Ballston Spa, NY 12020
      View Details
    • Contact for pricing
      10,333 SF

      New Industrial Warehouse Space

      New construction industrial warehouse space for lease in Malta, NY.
      4 Old Stonebreak Road, Ballston Spa, NY
      View Details
    • $10 SF/Yr
      21,000 SF

      Industrial Building in Corporate Park

      21,000 SF industrial building for lease in Ballston, NY.
      4 McCrea Hill Road, Ballston Spa, NY, 12020
      View Details
    • $17 SF/Yr
      750 SF

      Renovated Office Space Available

      Newly renovated office space with private offices for rent.
      2903 State Route 9, Ballston Spa, NY, 12020
      View Details
    • $14 SF/Yr
      5,000 SF

      Retail Space in Ballston Spa

      Retail space for lease in Saratoga County, Ballston Spa.
      2031 Doubleday Ave, Ballston Spa, NY
      View Details
    • $2,000/Mo
      10,980 SF

      Office/Retail Space Near Northway

      Office or retail space available near Exit 11 off Northway.
      146 Raylinsky Road #4A, Malta, NY 12019
      View Details
    • $18 SF/Yr
      19,137 SF

      Renovated Office Space Available

      Newly renovated +/- 750 SF office space with private offices.
      2903 Route 9, Ballston Spa, NY 12020
      View Details
    • Contact for pricing
      3,690 SF

      Visible Retail Space For Rent

      Street-level retail/office/medical space with high visibility and easy access.
      3101-3319 Ellsworth Blvd, Ballston Spa, NY
      View Details

    FAQs

    What type of property is this?
    Office units - 2,000 SF furnished office space for lease in Ballston.
    Where is this office units located?
    The property is located at 62 Milton Avenue Ballston Spa, NY.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: Fully furnished office space; Utilities included; ±2,000 SF second story office space
    (518) 466-8656
    We can help!
    Listing Contact
    Jared Skaarup
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    62 Milton Avenue, Ballston Spa, NY 12020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!