Retail Space with Vaulted
New
For Sale
Contact for pricing
8 Butler Place, Saratoga Springs, NY 12866
An open work area and two separate offices provide distinct spaces for display, work, or meetings.
Property Size1,144 SF
Price / SF$0.02
Days on Market2
Property Features for 8 Butler Place
General Information
Standard status
Active
Size
1,144 SF
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
Heer Realty Inc
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Nov 1
Last Checked: Nov 1 at 3:42PM
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 Heer Realty Inc
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Investment Insights
Based on property information with market context.
This 1,144-square-foot retail space at 8 Butler Place includes an open work area and two enclosed offices. A vaulted ceiling adds vertical volume to the interior. The building was constructed in 2000.
The property is in downtown Saratoga Springs, New York, at 8 Butler Place. Its layout combines an adaptable central area with separate rooms for focused work or meetings.
The property is in downtown Saratoga Springs, New York, at 8 Butler Place. Its layout combines an adaptable central area with separate rooms for focused work or meetings.
Key Highlights
- 1,144 square feet of retail space
- Open work area with two offices
- Vaulted ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,809
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,180
$276.2K
Cap Rate 7%
$197,271
$197.3K
Cap Rate 9%
$153,433
$153.4K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$20.6K $18.00/SF
− Vacancy
−$865 −$0.76/SF
EGI
$19.7K $17.24/SF
− OpEx
−$5.9K −$5.17/SF
NOI
$13.8K $12.07/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,180
Cap Rate 7%
$197,271
Cap Rate 9%
$153,433
Alternative Uses
Best Use
Retail
$197.3K
$172.6K – $230.2K
NOI $13,809 @ 7.0% cap · market cap 51,144.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.4K
$299.6K – $399.5K
NOI $23,969 @ 7.0% cap · market cap 88,774.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,784
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - An open work area and two separate offices provide distinct spaces for display, work, or meetings.
Where is this retail space located?
The property is located at 8 Butler Place Saratoga Springs, NY.
What are key features of this property?
This property features: 1,144 square feet of retail space; Open work area with two offices; Vaulted ceiling
