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

    227 Clinton St Saratoga Springs, NY 12866

    Sponsored
    For Sale
    Pending
    $320,000

    LAND - Saratoga Springs, NY

    Lot size:
    0.22 Acres
    Days on Market:
    89
    Last Refresh:
    Feb 3 at 6:06 am

    Property Features for 227 Clinton St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    APN
    411501 165.35-2-45
    Lot size
    0.22 Acres

    We can help!

    Listing Contact
    Michele H Towne-Torres

    Roohan Realty (518) 587-4500

    Listing agent Michele H Towne-Torres License #10401317972

    Listing date Nov 7, 2025

    MLS# 202527784 Listing URL

    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

    Saratoga Springs Building Lot

    This is a rare opportunity to own a newly subdivided and fully approved 0.22-acre building lot in the heart of Saratoga Springs. This prime corner lot is ideally located in the downtown area, just minutes from Broadway and Skidmore College. Situated in a desirable neighborhood, it's within walking distance to shops, restaurants, and all that makes Saratoga special. Public utilities are available at the road. This is a unique chance to build a home in the center of Saratoga Springs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.78859
    Latitude
    43.089933

    Nearby Similar for Sale

    • $1,200,000
      6,700 SF

      Historic Saratoga Springs Multi-Family Property

      Queen Anne-style home with carriage house, ideal for investment.
      182 Ballston Ave, Saratoga Springs, NY 12866
      View Details
    • $1,200,000
      4,356 SF

      Historic Saratoga Springs Hospitality Property

      Queen Anne-style home with carriage house near Saratoga attractions.
      182 Ballston Ave, Saratoga Springs, NY 12866
      View Details
    • $1,400,000
      3,309 SF

      Historic Saratoga Springs Multifamily Property

      Restored 1873 Second Empire home with rental income potential.
      2 Madison Ave, Saratoga Springs, NY 12866
      View Details
    • $399,000
      Pending

      Versatile Commercial Building in Saratoga

      Unique building with endless opportunities in a prime location.
      216 West Ave, Saratoga Springs, NY 12866
      View Details
    • $395,000
      Pending

      Profitable Restaurant in Saratoga Springs

      Turnkey restaurant for sale in downtown Saratoga Springs, NY.
      44 Lake Ave, Saratoga Springs, NY 12866
      View Details
    • New
      $1,199,000
      6,914 SF

      Saratoga Springs Four-Family Property

      Legal four-family property in Saratoga Springs' historic district.
      128 Circular Street Ext, Saratoga Springs, NY 12866
      View Details
    • $1,400,000
      3,847 SF

      Professional Office Building on Broadway

      Well-maintained office building with flexible layout and ample parking.
      3303 Route 9, Saratoga Springs, NY 12866
      View Details
    • $600,000
      Pending

      Saratoga Lake Waterfront Triplex

      Rare waterfront triplex on Saratoga Lake, ideal for investors.
      774 Nys Rte, Saratoga Springs, NY 12866
      View Details
    • $859,000
      2,190 SF

      Saratoga Springs Commercial Condominium

      Commercial condominium with historic charm and modern amenities in Saratoga.
      48 Union Ave, Saratoga Springs, NY 12866
      View Details
    • $3,350,000
      15,756 SF

      Saratoga Springs Commercial Opportunity

      Unique commercial space on Green Belt Trail in Saratoga Springs.
      167 High Rock Ave, Saratoga Springs, NY 12866
      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
    • $2,799,000
      11,925 SF

      Versatile Medical Building in Saratoga

      11,925 SF medical building with flexible zoning.
      5 Care Ln, Saratoga Springs, NY 12866
      View Details

    FAQs

    What type of property is this?
    Land - Approved building lot in the heart of Saratoga Springs!
    Where is this land located?
    The property is located at 227 Clinton St Saratoga Springs, NY.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Prime corner lot in the heart of Saratoga Springs downtown area.; - Newly subdivided and fully approved building lot.; - Minutes from Broadway and Skidmore College.
    (518) 587-4500
    Request Owner's contact information
    227 Clinton St Saratoga Springs, NY 12866
    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.
    227 Clinton St
    Saratoga Springs, NY 12866
    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
    227 Clinton St Saratoga Springs, NY 12866
    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
    Michele H Towne-Torres
    Real Estate License ID: 10401317972
    (518) 587-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.