68 Ballston Ave, Saratoga Springs, NY
Saratoga Springs investment opportunity with leased retail and office space.
- Added:
- Jul 22, 2024
- Days on Market:
- 711
- Last Refresh:
- May 20 at 8:55 pm
Property Features for 68 Ballston Ave
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.20 Acres
- Property subtype
- RETAIL
Listing office Roohan Realty (518) 744-0732
Listing date Jul 22, 2024
Source Moodyscre
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 Roohan Realty
HighLights
- Nearly 7000 sf of leased retail and office space
- Great visibility
- Zoned NC formerly T‑5
- 0.2 acre lot
- Currently housing three businesses in 4 leased spaces
- Room to renovate in unfinished areas
Overview
Local Financial Insights For Office B
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 | $151.2k | $21.60 |
| − Vacancy | −$24.9k | −$3.56 |
| EGI | $126.3k | $18.04 |
| − OpEx | −$31.6k | −$4.51 |
| NOI | $94.7k | $13.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saratoga Springs
- County
- Saratoga
- State
- New York
- Longitude
- -73.7904
- Latitude
- 43.0734
