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    Amy L Sutton, Fortsville, NY

    License ID: 30SU0496141
    SELLSTATE SUPERIOR REALTY
    Years of Experience
    3

    Contact details

    Phone:
    (518) 527-3564

    Performance

    Listings
    15
    Price range
    $235k - 670k
    Average price
    $453k

    Listings

    For Sale (4)

    View map
    • $5,950,000
      Pending

      Saratoga Springs Commercial Land

      Development opportunity near Saratoga State Park and downtown.
      L11 Us-9, Saratoga Springs, NY 12866
      View Details
    • $525,000
      2,800 SF

      Galway Commercial Building For Sale

      2,800 sq ft commercial building on one acre.
      5344 Sacandaga Rd, Galway, NY 12074
      View Details
    • $2,250,000
      Pending

      Saratoga Springs Commercial Building For Sale

      Spacious commercial building with flexible floor plan and high visibility.
      610 Maple Ave, Saratoga Springs, NY 12866
      View Details
    • $3,100,000
      18,075 SF

      Saratoga Springs Mixed-Use Investment

      Class A mixed-use building with offices, coffee shop, and gym.
      120 West Ave, Saratoga Springs, NY 12866
      View Details

    For Lease (11)

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    • $2,820 /Mo
      18,075 SF

      Saratoga Springs Office Space

      Professional office space in newer building with parking and elevator.
      120 West Ave, Saratoga Springs, NY 12866
      View Details
    • New
      $375 /Mo
      3,072 SF

      Saratoga Springs Storage Space Available

      570 SF storage space, close to Broadway.
      65 Long Aly, Saratoga Springs, NY 12866
      View Details
    • $625 /Mo
      31,799 SF

      Saratoga Springs Executive Office Suite

      Executive office suite available in well-maintained building on West Ave.
      120 West Ave, Saratoga Springs, NY 12866
      View Details
    • New
      $1,300 /Mo
      91,476 SF

      Wilton Commercial Space For Rent

      Mezzanine suite in wellness center, ideal for small office.
      538 Maple Ave, Wilton, NY 12866
      View Details
    • $155 SF/Yr
      51,000 SF

      Saratoga Springs Productive Work Space

      Affordable serviced office space with shared amenities and on-site parking.
      125 High Rock Ave, Saratoga Springs, NY 12866
      View Details
    • $1,465 /Mo
      36,875 SF

      Broadway Mixed-Use Commercial Space

      Mixed-use building with retail, offices, and apartments in Saratoga Springs.
      376 Broadway Unit L5/L6, Saratoga Springs, NY 12866
      View Details
    • $800 /Mo
      77,101 SF

      Saratoga Springs Office Space Available

      Affordable office space with shared amenities in Saratoga Springs, NY.
      125 High Rock Ave, Saratoga Springs, NY 12866
      View Details
    • $735 /Mo
      31,799 SF

      Saratoga Springs Office Space

      Single room office space in a well-maintained building.
      120 West Ave, Saratoga Springs, NY 12866
      View Details
    • $6,000 /Mo
      48,529 SF

      Renovated Office Space in Saratoga

      Luxury office space in historic Van Raalte Mill, Saratoga Springs.
      125 High Rock Ave Unit, Saratoga Springs, NY 12866
      View Details
    • $1,000 /Mo
      36,875 SF

      Saratoga Springs Office Space Available

      Second-floor office suite with natural light in Saratoga Springs, NY.
      376 Broadway, Saratoga Springs, NY 12866
      View Details
    • $1,250 /Mo
      36,875 SF

      Broadway Office Space Available

      Second floor office space in Saratoga Springs for lease.
      376 Broadway, Saratoga Springs, NY 12866
      View Details

    Leases and Sales on Map

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    • For Lease

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    Amy L Sutton, Fortsville, NY
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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