Historic Live-Work
New
For Sale
$675,000
201 Kingsley Road, Burnt Hills, NY 12027
COMMERCIAL - Other - Burnt Hills, NY
Property Size2,178 SF
Lot Size0.70 Acres
Price / SF$309.92
Days on Market3
Property Features for 201 Kingsley Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
8
Parking features
Off Street, Open
Patio and Porch features
Patio
Interior features
High Speed Internet, Paddle Fan, Walk-In Closet(s), Built-in Features, Cathedral Ceiling(s)
Exterior features
Garden, Lighting
Basement
Interior Entry, Unfinished
Lot features
Road Frontage, Level, Garden, Landscaped
Elementary school
Francis L Stevens
High school
Burnt Hills-Ballston Lake HS
Elementary school district
Burnt Hills-Ballston Lake CSD (BHBL)
Middle school district
Burnt Hills-Ballston Lake CSD (BHBL)
High school district
Burnt Hills-Ballston Lake CSD (BHBL)
Directions
Rout 50 to Kingsley Rd. property is south of Lakehill Rd intersection
Standard status
Active
APN
412089 257.14-1-10.11
Size
2,178 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Annual Amount
6502
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Electric (Heating), Heat Pump (Heating), Radiant Floor, Zoned, Radiant, Baseboard
Cooling system
Ductless, Central Air
Water source
Public
Amenities
central air
radiant heated floors
granite countertops
custom built-ins
whole-house generator
Building Details
Year built
1850
Floors in Building
2
Flooring type
Wood, Hardwood, Tile - Ceramic
Building materials
Brick, Wood Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Purdy Realty LLC
(518) 384-1117
Listed By:
Laura Conrad · License #49CO0926929
(518) 229-4943
Added: Aug 8
Last Checked: Aug 10 at 7:06AM
MLS# 202623594
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.
Investment Insights
Based on property information with market context.
This live-work property combines a Colonial/Greek Revival design with residential and commercial zoning. The interior includes 3 bedrooms, 2 full baths, hardwood and ceramic tile flooring, built-in features, and a wood-burning-style historic character expressed through an original fireplace mantel, oak staircase, Victorian stained glass, recessed openings, and custom cabinetry. A 2012 addition contributes 15-foot ceilings, approximately 20 windows, abundant natural light, a gas stove, and radiant heated floors. Central air, a heat pump, updated plumbing and electrical, remodeled baths, and a whole-house generator add modern functionality.
The property includes 3 garage spaces, a detached garage with documented former grain-store use, off-street parking, and a landscaped yard with perennial gardens, mature roses, lighting, and a stamped concrete patio. The location is within walking distance of shops, restaurants, and everyday conveniences in Burnt Hills, and it is served by the Burnt Hills-Ballston Lake School District. Public water and septic service are provided.
The property includes 3 garage spaces, a detached garage with documented former grain-store use, off-street parking, and a landscaped yard with perennial gardens, mature roses, lighting, and a stamped concrete patio. The location is within walking distance of shops, restaurants, and everyday conveniences in Burnt Hills, and it is served by the Burnt Hills-Ballston Lake School District. Public water and septic service are provided.
Key Highlights
- Residential and commercial zoning supports live‑work use
- 3 bedrooms and 2 full baths
- 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Mixed zoning supports a flexible residential and commercial configuration with distinctive architectural character.
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 $675,000.
What are key features of this property?
This property features: Residential and commercial zoning supports live‑work use; 3 bedrooms and 2 full baths; 2012 addition with 15‑foot ceilings and approximately 20 windows
