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    Mixed-Use Development Land with Frontage Title is generated by Realmo AI

    4 Connolly Road, Ballston Lake, NY 12019

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    Claim this Listing
    New
    For Sale
    $450,000

    COMMERCIAL - Ballston Lake, NY

    Property size:
    996 SF
    Lot size:
    7.43 Acres
    Price / SF:
    $451/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 4 Connolly Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Mixed
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    18
    Interior features
    High Speed Internet, Paddle Fan
    Basement
    Crawl Space
    Standard status
    Active
    APN
    412089 239.-1-39.11
    Size
    996 SF
    Lot size
    7.43 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4310

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Baseboard, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1970
    Building materials
    Vinyl Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    David L Hammer

    Listing agent David L Hammer License #10401222307

    Listing office Hammer Realty 462 Broadway, Suite 200, Saratoga Springs, NY

    Listing date Jun 2, 2026

    MLS# 202618648

    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.

    HighLights

    • Approximately 7.43 acres with over 600 ft of frontage on Route 50, plus additional frontage on Connolly Road
    • Tenant‑occupied 2BR ranch generating month‑to‑month income
    • Location in the Town of Ballston Rural Highway Transition District (zoning chart attached in MLS documents for reference)
    • Public water and septic tank sewer
    • 1970‑built home with vinyl siding, asphalt roof, baseboard electric heating, and high‑speed internet
    • Heating system includes electric (heating) and baseboard; interior includes paddle fan

    Overview

    This sale presents mixed-use development land featuring an existing tenant-occupied 2BR ranch generating month-to-month income. The property offers substantial frontage and excellent visibility/access, providing a practical platform for investors, developers, or contractors looking for flexible future uses. The land is situated within the Town of Ballston Rural Highway Transition District, with potential for residential, agricultural, business/commercial, and mixed-use opportunities subject to approvals.

    The site is positioned for exposure along Route 50, with additional frontage on Connolly Road. It is located in Ballston Lake, with convenient proximity to Ballston Lake, Saratoga Springs, Malta, I-87, and regional shopping and dining options in the Capital Region. The offering includes current zoning reference material available in the MLS documents. Please note the property is tenant occupied and should not be walked without a confirmed appointment.

    For buyers seeking income while planning ahead, the existing residence can help offset holding costs as entitlements are evaluated. The combination of significant frontage, strong access, and mixed-use zoning supports a range of potential development strategies for qualified parties willing to pursue approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom HVAC Service Storage Facility Furniture & Home Goods Car Rental Facility Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Ballston Lake
    County
    Saratoga
    State
    New York
    Longitude
    -73.865111
    Latitude
    42.951381

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    FAQs

    What type of property is this?
    Single family property - Tenant-occupied ranch on mixed-use land offers strong corridor exposure and multiple development paths, subject to approvals.
    Where is this single family property located?
    The property is located at 4 Connolly Road Ballston Lake, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Approximately 7.43 acres with over 600 ft of frontage on Route 50, plus additional frontage on Connolly Road; Tenant‑occupied 2BR ranch generating month‑to‑month income; Location in the Town of Ballston Rural Highway Transition District (zoning chart attached in MLS documents for reference)
    (518) 221-5757
    We can help!
    Listing Contact
    David L Hammer
    Real Estate License ID: 10401222307
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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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