Building Details

Year Built 1850

Year Renovated 2012

Buildings 2

Construction Colonial/Greek Revival

Listing Agency: Purdy Realty LLC

Listed By: Laura Conrad · License #1818 Show Phone

Source: 518realty

Added: Aug 11 Changed: Oct 25 Last Checked: Oct 28 at 5:13AM

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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

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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.

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 / Yr

$29,462

Cap Rate

4.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$589,240 $589.2K

Cap Rate 7%

$420,886 $420.9K

Cap Rate 9%

$327,356 $327.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,178 SF

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 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 (±1% cap)

NOI $29,462 @ 7.0% cap · market cap 4.92%

Second Best

Mixed Use

$378.0K

$330.8K – $441.1K (±1% cap)

NOI $26,463 @ 7.0% cap · market cap 4.42%

Theoretical Best

Office A

$651.9K

$570.4K – $760.6K (±1% cap)

NOI $45,633 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Hillside Cemetery Association Cemetery

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Auto Parts Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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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 Burnt Hills, NY.

What is the asking price?

The asking price for this property is $599,000.

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