Freestanding Building on Route
1288 Saratoga Rd Gansevoort, NY 12831
1288 Saratoga Rd, Gansevoort, NY, 12831
Contact for pricing
For Sale
Contact for pricing
Freestanding building suitable for retail, restaurant, or office use.
Property Size1,500 SF
Price / SF$330
Days on Market1537
Property Features for 1288 Saratoga Rd
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Retail
Listing Agency
Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed by
Lee Salvetti · License #NY 30SA0668254
Source
Crexi
Added: May 6, 2022 Checked: Jul 19 at 7:38 am
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 Cushman & Wakefield Pyramid Brokerage Company Syracuse
Investment Insights
Based on property information with market context.
This freestanding 1,500-square-foot building is located on Route 9, in close proximity to Route 87. Deed restrictions apply, prohibiting use as a gas station, convenience store selling food or alcohol, or auto parts store. The property is suitable for various purposes, including fast food, restaurants, national or local retail, services, medical facilities, or general office space.
Key Highlights
- Freestanding building on Route 9 with high visibility.
- Close proximity to Route 87 exit for easy access.
- Suitable for a variety of uses: fast food, restaurant, retail, services, medical or office.
Local Financial Insights For Specialty Retail
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 | $32.4k | $21.60 |
| − Vacancy | −$1.4k | −$0.91 |
| EGI | $31.0k | $20.69 |
| − OpEx | −$7.8k | −$5.17 |
| NOI | $23.3k | $15.52 |
1,500 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$332.6K
$291.0K – $388.0K
NOI $23,279 @ 7.0% cap · market cap 4.70%
Second Best
Office B
$289.9K
$253.6K – $338.2K
NOI $20,291 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Freestanding building suitable for retail, restaurant, or office use.
Where is this storefront property located?
The property is located at 1288 Saratoga Rd Gansevoort, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Freestanding building on Route 9 with high visibility.; Close proximity to Route 87 exit for easy access.; Suitable for a variety of uses: fast food, restaurant, retail, services, medical or office.
