Medical Office
For Sale
$549,900
8 AMY LN, Saratoga Springs, NY 12866
Bright, professionally configured office with exam rooms, reception areas, basement storage, and paved on-site parking.
Property Size1,555 SF
Price / SF$353.63
Days on Market225
Property Features for 8 AMY LN
General Information
Standard status
Active
Size
1,555 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$10,716
Amenities
Central Air
3
Tile, Carpet, Linoleum
Asphalt, Shingle
12 Parking Spaces. Paved Driveway.
100x80
Building Details
Year Built
1980
Buildings
1
Building Size
1,555 SF
Listing Agency:
Inglenook Realty Inc
(518) 365-5137
Listed By:
Kathleen Gordon · License #31GO1064958
(518) 365-5137
Source:
Xome
Added: Jan 19
Changed: Aug 31
Last Checked: Aug 31 at 12:44PM
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 Inglenook Realty Inc
Investment Insights
Based on property information with market context.
This 1,555-square-foot medical office building was constructed in 1980 and most recently operated as a dental office. The layout includes a waiting room and reception area, four exam rooms, one private office, two half baths, and a kitchenette or lab area. Central air, tile, carpet, and linoleum flooring support a practical office configuration. A full basement adds a staff break room and substantial storage space.
The property is located at 8 Amy Ln, Unit 8, in Saratoga Springs, behind Seward St. It sits across from hospital parking and includes 12 parking spaces accessed by a paved driveway. Approved uses include medical, dental, law, and other office-type vocations.
The property is located at 8 Amy Ln, Unit 8, in Saratoga Springs, behind Seward St. It sits across from hospital parking and includes 12 parking spaces accessed by a paved driveway. Approved uses include medical, dental, law, and other office-type vocations.
Key Highlights
- 1,555 SF medical office building constructed in 1980
- Four exam rooms, one office, two half baths, and a kitchenette or lab
- Full basement with staff break room and substantial storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,260
$430.3K
Cap Rate 7%
$307,329
$307.3K
Cap Rate 9%
$239,033
$239.0K
Market Conditions
NOI Build-Up for 1,555 SF
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.
Gross rent
$39.2K $25.20/SF
− Vacancy
−$3.3K −$2.14/SF
EGI
$35.9K $23.06/SF
− OpEx
−$14.3K −$9.22/SF
NOI
$21.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,260
Cap Rate 7%
$307,329
Cap Rate 9%
$239,033
Alternative Uses
Best Use
Healthcare Medical
$307.3K
$268.9K – $358.6K
NOI $21,513 @ 7.0% cap · market cap 3.91%
Second Best
Office B
$300.5K
$262.9K – $350.6K
NOI $21,034 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$465.4K
$407.3K – $543.0K
NOI $32,580 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Bright, professionally configured office with exam rooms, reception areas, basement storage, and paved on-site parking.
Where is this medical office space located?
The property is located at 8 AMY LN Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1,555 SF medical office building constructed in 1980; Four exam rooms, one office, two half baths, and a kitchenette or lab; Full basement with staff break room and substantial storage
