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

    486 Garrett Rd Ballston Spa, NY 12020

    Sponsored
    For Sale
    $2,390,000

    COMMERCIAL - Ballston Lake, NY

    Property size:
    3,360 SF
    Lot size:
    3.45 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 28 at 4:06 pm

    Property Features for 486 Garrett Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Multi Residence
    APN
    412089 216.-1-69
    Parking
    2
    Patio and Porch features
    Patio
    Interior features
    High Speed Internet
    Exterior features
    Lighting
    Size
    3,360 SF
    Lot size
    3.45 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2022
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Anthony Gucciardo

    Gucciardo Real Estate Group, LLC (518) 331-3785

    Listing agent Anthony M Gucciardo (518) 331-3785 License #10491202389

    Listing date Jan 28, 2026

    MLS# 202611164

    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

    New Multifamily Property Near Ballston

    This is a fully leased, ten-unit multifamily property situated across three buildings. Constructed in 2022, the property is conveniently located within walking distance of the Village of Ballston Spa. Each of the modern, townhouse-style apartments features 1,200 square feet of living space, including two bedrooms and one bathroom. High-end luxury finishes are present throughout each unit, such as granite countertops with a center island, stainless steel appliances, an electric fireplace, and a spacious bathroom equipped with a double-bowl vanity. The property is located in Ballston Lake, NY, in Saratoga County. The lot size is 3.45 acres. The property is zoned for multi-residence use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ballston Spa
    County
    Saratoga
    State
    New York
    Longitude
    -73.854714
    Latitude
    42.993833

    Nearby Similar for Sale

    • New
      $759,000
      Pending

      Mixed-Use Building with Rental Income

      Versatile commercial building with apartments for additional income.
      1118 Middleline Rd, Ballston Spa, NY 12020
      View Details
    • $634,999
      2,400 SF

      Remodeled Salon with Ample Parking

      Fully remodeled salon with parking, equipment, and potential drive-through.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • $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
    • $250,000
      Pending

      Turnkey Restaurant Opportunity

      Established restaurant for sale in Ballston Spa, NY.
      885 Ny-67, Ballston Spa, NY 12020
      View Details
    • $3,499,999
      10,240 SF

      Historic Villa Balsamo Estate

      Magnificent 19th-century estate with endless possibilities on over 14 acres.
      2255 Ballston Ave, Ballston Spa, NY 12020
      View Details
    • Contact for pricing
      78,000 SF

      Saratoga Area Storage Facility

      78,000 SF storage facility near Saratoga, NY with 683 units.
      75 Brookline Rd, Ballston Spa, 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
    • $634,999

      Remodeled Salon with Dog Wash

      Remodeled salon with parking, tanning booths, and dog wash.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • $325,000
      3,000 SF

      Historic Barn with Finished Apartment

      3000sf barn with apartment in Ballston Spa's Central Business District.
      10 Thompson St, Ballston Spa, 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
    • $759,000
      8,640 SF

      Versatile Mixed-Use Building For Sale

      Commercial building with apartments, showroom, warehouse, office, and parking.
      1118 Middleline Rd, Ballston Spa, 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

    FAQs

    What type of property is this?
    Apartment building - Ten-unit multifamily property built in 2022, walking distance to Ballston Spa.
    Where is this apartment building located?
    The property is located at 486 Garrett Rd Ballston Spa, NY.
    What is the asking price?
    The asking price for this property is $2,390,000.
    What are key features of this property?
    This property features: - Fully leased, 10-unit multifamily property providing strong in-place income.; - Built in 2022, ensuring modern construction and low maintenance.; - Highly desirable, walkable location to the Village of Ballston Spa.
    (518) 331-3785
    Request Owner's contact information
    486 Garrett Rd Ballston Spa, 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.
    486 Garrett Rd
    Ballston Spa, 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
    486 Garrett Rd Ballston Spa, 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
    Anthony Gucciardo
    Real Estate License ID: 10491202389
    (518) 331-3785
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.