Historic Live-Work
For Sale
$599,000
201 Kingsley Road, Burnt Hills, NY 12027
Commercial Sale, Burnt Hills, NY
Property Size2,178 SF
Lot Size0.70 Acres
Price / SF$275.02
Days on Market48
Property Features for 201 Kingsley Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
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
Unfinished, Interior Entry
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
7559
Utilities
Sewer type
Septic Tank
Heating system
Radiant Floor, Zoned, Electric (Heating), Baseboard, Hot Water(Heating), Radiant, Heat Pump (Heating)
Cooling system
Ductless, Central Air
Water source
Public
Amenities
Victorian stained-glass windows
oak staircase
original fireplace mantel
custom built-ins
Hoosier cabinet
central air
radiant heated floors
heat pump
insulated attic
whole-house generator
perennial gardens
mature roses
stamped concrete patio
Building Details
Year built
1850
Floors in Building
2
Flooring type
Tile - Ceramic, Hardwood, Wood
Building materials
Brick, Wood Siding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Purdy Realty LLC
(518) 384-1117
Listed By:
Laura Conrad · License #49CO0926929
(518) 229-4943
Added: Aug 8
Changed: Sep 20
Last Checked: Sep 24 at 5:06PM
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 circa 1835–1840 Colonial/Greek Revival structure with a 2012 addition, offering 2,178 square feet on a 0.7-acre lot. The building includes 3 bedrooms, 2 full baths, 3 garage spaces, a front porch, patio, hardwood and ceramic flooring, built-in features, and cathedral ceilings. Historic details include thick brick walls, a hand-hewn summer beam, Victorian stained-glass windows, an oak staircase, an original fireplace mantel, recessed windows and doors, and custom cabinetry.
The property carries mixed residential and commercial zoning and supports a range of live-work configurations, including professional office, boutique, studio, or residential use. Modern improvements include granite countertops, central air, radiant flooring, updated plumbing and electrical, remodeled baths, a heat pump, insulated attic, public water, septic service, and a whole-house generator. The landscaped grounds include perennial gardens, mature roses, stamped concrete, an expanded driveway with turnaround, and a detached garage with a newly installed epoxy flake floor in 2026.
The property carries mixed residential and commercial zoning and supports a range of live-work configurations, including professional office, boutique, studio, or residential use. Modern improvements include granite countertops, central air, radiant flooring, updated plumbing and electrical, remodeled baths, a heat pump, insulated attic, public water, septic service, and a whole-house generator. The landscaped grounds include perennial gardens, mature roses, stamped concrete, an expanded driveway with turnaround, and a detached garage with a newly installed epoxy flake floor in 2026.
Key Highlights
- 2,178‑square‑foot Colonial/Greek Revival property on 0.7 acres
- Mixed residential and commercial zoning supports live‑work use
- 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
4.92%
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 4.92%
Second Best
Mixed Use
$378.0K
$330.8K – $441.1K
NOI $26,463 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$651.9K
$570.4K – $760.6K
NOI $45,633 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Live-work space - Flexible mixed-use setting with residential and commercial zoning, updated systems, and space for office or studio 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: 2,178‑square‑foot Colonial/Greek Revival property on 0.7 acres; Mixed residential and commercial zoning supports live‑work use; 2012 addition with 15‑foot ceilings and approximately 20 windows
