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    The Largest CRE Database in the US with Over 1 Million Listings

    216 West Ave Saratoga Springs, NY 12866

    Sponsored
    For Sale
    Pending
    $399,000

    COMMERCIAL - Saratoga Springs, NY

    Property size:
    1,184 SF
    Lot size:
    0.38 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 2 at 4:06 pm

    Property Features for 216 West Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    Single Residence
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    411501 178.25-2-1
    Parking
    8
    Parking features
    Off Street
    Interior features
    Solid Surface Counters
    Accessibility
    Accessible Approach with Ramp
    Size
    1,184 SF
    Lot size
    0.38 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Baseboard, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1966
    Flooring type
    Carpet, Vinyl, Linoleum
    Building materials
    Wood Siding
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Elizabeth Page
    Elizabeth Page

    KW Platform (518) 724-5800

    Listing agent Elizabeth Page (518) 573-1112 License #10401333541

    Listing date Jan 16, 2026

    MLS# 202525561

    Copyright © 2026 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

    Versatile Commercial Building in Saratoga

    This one-level building, situated on the West Ave corridor in Saratoga Springs, presents various opportunities. The property, currently a photography studio, is suitable for a business, professional office (with a variance), or a single-level residence. Potential business uses include an office, professional services, arts studio, fitness studio, art gallery, specialty food establishment, home-based business, or a photography studio. The property is zoned UR-2. Located in a high-traffic area next to Saratoga High School and across from Pitney Meadows Community Farm, it is also close to the YMCA and minutes from downtown. The lot size is 0.38 acres, and the property size is 1184 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stock Studios Photography Photography Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Saratoga Data Systems, Boley Works, LLC., Saratoga Springs TV Mounting, ptSource, STEADfast IT - Technology Management Services

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.802068
    Latitude
    43.070519

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    FAQs

    What type of property is this?
    Office Property / Space - Unique building with endless opportunities in a prime location.
    Where is this office property / space located?
    The property is located at 216 West Ave Saratoga Springs, NY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Prime, high-profile location on the West Ave corridor in Saratoga Springs' rapidly growing West Side.; - Versatile UR-2 zoning allows for a variety of business, professional office (with variance), or residential uses.; - High traffic area next to Saratoga High School and across from Pitney Meadows Community Farm, close to YMCA and downtown.
    (518) 573-1112
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    216 West Ave Saratoga Springs, NY 12866
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    Saratoga Springs, NY 12866
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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.

    More about this property
    216 West Ave Saratoga Springs, NY 12866
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    We can help!
    Listing Contact
    Elizabeth Page
    Elizabeth Page
    Real Estate License ID: 10401333541
    (518) 573-1112
    Learn more
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