New Saratoga Springs Commercial
For Sale
$4,250,000
79 Henry Street, Saratoga Springs, NY 12866
New commercial building in downtown Saratoga Springs with flexible zoning.
Property Size15,712 SF
Price / SF$270.49
Days on Market220
Property Features for 79 Henry Street
General Information
Standard status
Active
Size
15,712 SF
Property subtype
Mixed Use
Building Details
Building Size
15,712 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Apr 1
Changed: Nov 4
Last Checked: Nov 6 at 5:17AM
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 Pyramidbrokerage
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 new commercial building is located in downtown Saratoga Springs. The property has 4 levels of functional space. The building's UC zoning allows for a variety of uses. The street level entrance features a glass surround, providing ample light and visibility. The second and third floors offer views from porches, a mezzanine level, and large picture windows. The building provides a blank canvas ready for finishing touches. The property has a total size of 15,712 square feet.
Key Highlights
- Brand new commercial building in downtown Saratoga Springs.
- UC zoning allows for myriad uses.
- Four levels of functional space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,901
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,818,020
$3.8M
Cap Rate 7%
$2,727,157
$2.7M
Cap Rate 9%
$2,121,122
$2.1M
Market Conditions
NOI Build-Up for 15,712 SF
Gross rent
$339.4K $21.60/SF
− Vacancy
−$33.9K −$2.16/SF
EGI
$305.4K $19.44/SF
− OpEx
−$114.5K −$7.29/SF
NOI
$190.9K $12.15/SF
Area
Saratoga County, NY
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,818,020
Cap Rate 7%
$2,727,157
Cap Rate 9%
$2,121,122
Alternative Uses
Best Use
Mixed Use
$2.73M
$2.39M – $3.18M
NOI $190,901 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.70M
$4.11M – $5.49M
NOI $329,198 @ 7.0% cap · market cap 7.75%
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
Location Intelligence
Trade Area within ½ mile
2,583
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
$419,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Saratoga Springs, NY
Properties on Market for Mixed-use properties in Saratoga Springs
Frequently Asked Questions
What type of property is this?
Mixed-use property - New commercial building in downtown Saratoga Springs with flexible zoning.
Where is this mixed-use property located?
The property is located at 79 Henry Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Brand new commercial building in downtown Saratoga Springs.; UC zoning allows for myriad uses.; Four levels of functional space.
