Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2090 Rowley Rd Malta, NY 12020

    Sponsored
    For Sale
    $175,000

    LAND - Malta, NY

    Lot size:
    5.09 Acres
    Days on Market:
    317
    Last Refresh:
    Feb 7 at 11:06 am

    Property Features for 2090 Rowley Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Single Residence
    APN
    192.00-1-23.002
    Lot size
    5.09 Acres

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Melissa C Cartier
    Melissa C Cartier

    Cartier Real Estate Group (151) 832-1576

    Listing agent Melissa C Cartier (518) 321-5762 License #10491207871

    Listing date Mar 28, 2025

    MLS# 202514244

    Copyright © 2025 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    5 Acres Near Saratoga Racetrack

    This 5.09-acre lot presents a unique opportunity for building a private residence. Located in Malta, New York, the property is situated approximately 4 miles from the Saratoga Racetrack and downtown Saratoga Springs, surrounded by established homes and farms. A boundary survey is available. The property's wetlands indicate that a permit from the Department of Environmental Conservation (DEC) will be required for construction within the buffer area. The site will require a well and septic system. Natural gas is available at the road, according to National Grid. Appointments are required to walk the lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Auto Repair Shop Gym & Fitness Center Auto Parts Store Hotel & Motel Discount Store Electrical Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malta
    County
    Saratoga
    State
    New York
    Longitude
    -73.778466
    Latitude
    43.027145

    Nearby Similar for Sale

    • $5,900,000
      28,036 SF

      Medical/Professional Building Near I-87

      26,000+ SF medical/professional building in park-like setting near I-87.
      2388 Us-9, Malta, NY 12020
      View Details
    • $268,000
      912 SF

      Updated Townhome in Luther Forest

      Updated townhome with modern touches, move-in ready, near Malta's conveniences.
      20 Wake Robin Rd, Malta, NY 12020
      View Details
    • $319,900
      1,184 SF

      Well-Maintained Townhome in Luther Forest

      Townhome with updated features, fenced yard, and convenient location.
      62 Pepperbush Pl, Malta, NY 12020
      View Details
    • $274,999
      1,056 SF

      Updated Townhome Near GlobalFoundries

      Updated townhome in Luther Forest, near amenities and GlobalFoundries.
      56 Arrow Wood Pl, Malta, NY 12020
      View Details
    • $3,825,000
      5.29 Acres

      1 Hemphill Pl, Malta, NY 12020

      Mixed-use properties • 5.29 Acres
      1 Hemphill Pl, Malta, NY 12020
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre lot near Saratoga Racetrack, suitable for residential development.
    Where is this land located?
    The property is located at 2090 Rowley Rd Malta, NY.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - 5-acre private lot offers ample space and privacy.; - Conveniently located just 4 miles from Saratoga Racetrack and downtown Saratoga Springs.; - Opportunity to build a custom home in a desirable area with fine homes and idyllic farms.
    (518) 321-5762
    Request Owner's contact information
    2090 Rowley Rd Malta, NY 12020
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2090 Rowley Rd
    Malta, NY 12020
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2090 Rowley Rd Malta, NY 12020
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Melissa C Cartier
    Melissa C Cartier
    Real Estate License ID: 10491207871
    (518) 321-5762
    Learn more
    Google sign-in failed. Please try again or use another login method.