Historic Live-Work
New
For Sale
$675,000
201 Kingsley Road, Ballston, NY 12027
Residential and Commercial zoning supports flexible home, office, studio, and work-from-home use.
Property Size2,178 SF
Lot Size0.75 Acres
Price / SF$309.92
Days on Market7
Property Features for 201 Kingsley Road
General Information
Standard status
Active
Size
2,178 SF
Total Parking Spaces
3
Lot size
0.75 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,502
Amenities
granite countertops
central air
radiant heated floors
updated plumbing and electrical
remodeled baths
heat pump
insulated attic
whole-house generator
landscaped yard
stamped concrete patio
epoxy flake garage floor
Central air
Stone
Attached Garage
Garden
Patio
Asphalt Roof
Baseboard Heating
Central Air Cooling
Detached
Ductless Cooling
Electric Heating
Garage Door Opener
Hardwood Flooring
Heat Pump Heating
Hot Water Heating
Landscaped
Level
Lighting
Off Street
Private
Radiant Floor Heating
Radiant Heating
Road Frontage
Shingle Roof
Storage
Wood Flooring
Zoned Heating
Building Details
Year Built
1850
Year Renovated
2012
Buildings
2
Construction
Colonial/Greek Revival
Listing Agency:
PURDY REALTY LLC
(518) 384-1117
Listed By:
LAURA CONRAD · License #49CO0926929
Source:
Corcoran
Added: Aug 8
Changed: Aug 14
Last Checked: Aug 14 at 8:29AM
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 PURDY REALTY LLC
Investment Insights
Based on property information with market context.
This live-work property combines a preserved Colonial/Greek Revival residence with a substantial 2012 addition. The home includes 3 bedrooms, 2 full baths, 3 garage spaces, central air, radiant heated floors, updated plumbing and electrical, remodeled bathrooms, granite countertops, a heat pump, and a whole-house generator. Original details include three-brick-thick walls, Victorian stained-glass windows, an oak staircase, recessed windows and doors, built-ins, an original fireplace mantel, and a covered front porch.
The approximately ¾-acre grounds feature perennial gardens, mature roses, a stamped concrete patio, and an expanded driveway with turnaround. A detached garage formerly used as a grain store adds distinctive character and utility, while the 2012 addition offers 15-foot ceilings, approximately 20 windows, abundant natural light, and a gas stove. The property is zoned for residential and Commercial use, lies within the Burnt Hills-Ballston Lake School District, and is within walking distance of shops, restaurants, and everyday conveniences.
The approximately ¾-acre grounds feature perennial gardens, mature roses, a stamped concrete patio, and an expanded driveway with turnaround. A detached garage formerly used as a grain store adds distinctive character and utility, while the 2012 addition offers 15-foot ceilings, approximately 20 windows, abundant natural light, and a gas stove. The property is zoned for residential and Commercial use, lies within the Burnt Hills-Ballston Lake School District, and is within walking distance of shops, restaurants, and everyday conveniences.
Key Highlights
- Residential and Commercial zoning supports live‑work flexibility
- 3 bedrooms, 2 full baths, and 3 garage spaces
- 2012 addition with 15‑foot ceilings and approximately 20 windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,462
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,240
$589.2K
Cap Rate 7%
$420,886
$420.9K
Cap Rate 9%
$327,356
$327.4K
Market Conditions
NOI Build-Up for 2,178 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.0K $21.60/SF
− Vacancy
−$7.8K −$3.56/SF
EGI
$39.3K $18.04/SF
− OpEx
−$9.8K −$4.51/SF
NOI
$29.5K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,240
Cap Rate 7%
$420,886
Cap Rate 9%
$327,356
Alternative Uses
Best Use
Office B
$420.9K
$368.3K – $491.0K
NOI $29,462 @ 7.0% cap · market cap 4.36%
Second Best
Mixed Use
$378.0K
$330.8K – $441.1K
NOI $26,463 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$651.9K
$570.4K – $760.6K
NOI $45,633 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 12027, NY
3,958
Population
1,715
Households
2.3
Avg Household Size
43
Median Age
54%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
528
Density / Sq Mi
$106,500
Median Household Income
$60,802
Median Earnings
$2,117
Median Rent
$312,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Residential and Commercial zoning supports flexible home, office, studio, and work-from-home use.
Where is this live-work space located?
The property is located at 201 Kingsley Road Ballston, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Residential and Commercial zoning supports live‑work flexibility; 3 bedrooms, 2 full baths, and 3 garage spaces; 2012 addition with 15‑foot ceilings and approximately 20 windows
