Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Saratoga Springs Building Lot Title is generated by Realmo AI

    10 North Avenue, Saratoga Springs, NY 12866

    View on Map
    Claim this Listing
    For Sale
    $320,000

    0.23 acre lot in downtown Saratoga Springs for sale.

    Type:Land / Unimproved Land
    Property size:
    10,018 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $31/SF
    Added:
    Sep 10, 2024
    Days on Market:
    631
    Last Refresh:
    Mar 13 at 6:22 pm

    Property Features for 10 North Avenue

    General Information

    Standard status
    Active
    Size
    10,018 SF
    Lot size
    0.23 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Lisa McTygue
    Lisa McTygue

    Listing agent Lisa McTygue License #40MC1086385

    Listing office Julie & Co Realty, LLC

    Listing date Sep 10, 2024

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Julie & Co Realty, LLC

    HighLights

    • Prime downtown Saratoga Springs location.
    • Building lot with public water and sewer available.
    • Natural gas available at the street.
    • Zoned UR2, offering development flexibility.
    • Lot size: 0.23 acres (100' x 100').
    • Opportunity to purchase adjoining lots for a total of 1 acre.

    Overview

    This 0.23-acre building lot is located in downtown Saratoga Springs. The lot dimensions are 100 feet by 100 feet. Public water and sewer services are available at the street. Natural gas is also available. The property is zoned UR2. This lot can be purchased with two adjoining lots, creating a total of 1 acre. The combined price for all three lots is $925,000.
    Location Intelligence

    Current Use by Public Records

    Hampshire Park Park

    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
    -73.7745157
    Latitude
    43.0921974

    Nearby Similar for Sale

    • $900,000
      15,000 SF

      Prime Saratoga Springs Mixed-Use Land

      0.67 acre lot suitable for mixed-use development.
      237 Washington Street, Saratoga Springs, NY 12866
      View Details
    • $3,350,000
      15,756 SF

      Saratoga Springs Commercial Opportunity

      Versatile commercial space near Green Belt Trail, Saratoga Springs.
      167 High Rock Avenue, Saratoga Springs, NY 12866
      View Details
    • $1,750,000
      4,228 SF

      Saratoga Springs Mixed-Use Opportunity

      High-visibility corner property with income potential in Saratoga Springs.
      108/114 Congress Street, Saratoga Springs, NY 12866
      View Details
    • $595,000
      1,500 SF

      Saratoga Springs Commercial Building Opportunity

      High-traffic commercial building near Saratoga Hospital, suitable for diverse businesses.
      8 Medical Arts Lane, Saratoga Springs, NY 12866
      View Details
    • $595,000
      1,550 SF

      Prime Saratoga Springs Commercial Opportunity

      Highly visible commercial space near Saratoga Hospital with flexible layout.
      8 Medical Arts Lane, 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 Avenue, Saratoga Springs, NY 12866
      View Details
    • $800,000
      2,783 SF

      Saratoga Springs Corner Lot Opportunity

      Corner lot with development potential near Broadway.
      126 West Avenue, Saratoga Springs, NY 12866
      View Details
    • $824,900
      3,050 SF

      Renovated Saratoga Springs Multifamily Property

      Craftsman-style home with rental income potential near downtown Saratoga Springs.
      24 Walnut Street, Saratoga Springs, NY 12866
      View Details
    • $595,000
      1,550 SF

      Saratoga Springs Commercial Building

      Commercial building suitable for medical, dental, or office use.
      8 Medical Arts Lane, Saratoga Springs, NY 12866
      View Details
    • $850,000
      2,102 SF

      Prime Commercial Property on Route

      High-profile commercial property near hospital and Saratoga Golf Club.
      290 Church Street, Saratoga Springs, NY 12866
      View Details
    • $3,595,000
      8,299 SF

      Prime Corner Lot Saratoga Springs

      1.23 acre corner lot in Saratoga Springs, NY.
      40 Excelsior Avenue, Saratoga Springs, NY 12866
      View Details
    • $3,250,000
      10,240 SF

      Saratoga Springs Commercial Opportunity

      Rare opportunity with history, location, and potential.
      2255 Ballston Avenue, Saratoga Springs, NY 12866
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.23 acre lot in downtown Saratoga Springs for sale.
    Where is this commercial land located?
    The property is located at 10 North Avenue 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 downtown Saratoga Springs location.; Building lot with public water and sewer available.; Natural gas available at the street.
    (518) 598-4098
    We can help!
    Listing Contact
    Lisa McTygue
    Lisa McTygue
    Real Estate License ID: 40MC1086385
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    10 North Avenue, Saratoga Springs, NY 12866
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!