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    227 Kingsley Rd Unit, Unit 26 Burnt Hills, NY 12027

    View on Map
    Sponsored
    For Lease
    $1,600 /Mo ($1.29 SF/Yr)

    COMMERCIAL - Burnt Hills, NY

    Property size:
    14,904 SF
    Lot size:
    2.06 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 29 at 9:06 pm

    Property Features for 227 Kingsley Rd Unit

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mixed
    APN
    412089 257.10-2-69
    Parking
    6
    Parking features
    Off Street
    Exterior features
    Lighting
    Basement
    Full
    Size
    14,904 SF
    Lot size
    2.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Ductless (Heating)
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1995
    Flooring type
    Vinyl, Laminate
    Building materials
    Brick

    We can help!

    Listing Contact
    James Glavin

    Purdy Realty LLC

    Listing agent James Glavin License #10401274122

    Listing date Mar 24, 2026

    MLS# 202613779

    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

    Burnt Hills Commercial Corner Space

    This commercial space is located on the ground level of the main building in the Kingsley Corners complex. The corner location provides high exposure. The space is suitable for retail, company office space, educational or tutoring services, or other similar retail or service uses. The layout includes four spaces or rooms and an entrance, with a recently renovated bathroom on the grade floor. The floor space measures 1050 square feet, with approximately 900 square feet of additional lockable storage available in the basement, accessible via the grade-level space. The property is situated on a high-traffic corner lot with a mix of tenants and ample parking. Potential uses include retail, office, engineering services, or medical. The lease term is available for 1 to 3 years or longer, with multi-year leases preferred. The tenant is responsible for utilities, including electric, Wi-Fi services, and phone. The property is located in Burnt Hills, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Burnt Hills
    County
    Saratoga
    State
    New York
    Longitude
    -73.895968
    Latitude
    42.909332

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    FAQs

    What type of property is this?
    Retail space - High-exposure corner space suitable for retail or office use.
    Where is this retail space located?
    The property is located at 227 Kingsley Rd Unit, Unit 26 Burnt Hills, NY.
    What is the lease rate?
    The lease rate is $1.29 SF/Yr.
    What are key features of this property?
    This property features: - High-exposure corner location in the Kingsley Corners complex.; - Versatile space suitable for retail, office, educational, or service businesses.; - 1050 sq ft ground-level space plus approximately 900 sq ft of basement storage.
    (518) 450-9690
    Request Owner's contact information
    227 Kingsley Rd Unit, Unit 26 Burnt Hills, NY 12027
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    Burnt Hills, NY 12027
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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
    227 Kingsley Rd Unit, Unit 26 Burnt Hills, NY 12027
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    We can help!
    Listing Contact
    James Glavin
    Real Estate License ID: 10401274122
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