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    Hermes Rd Ballston Spa, NY 12020

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    For Sale
    Contact for pricing

    232 Acres, C-3 Zoning, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 232-acre industrial land parcel presents a unique investment opportunity in Malta, New York. Located in Saratoga County, with a 12020 zip code, and zoned C-3 NYSERDA, this property boasts significant potential for development. The land is strategically situated near the Luther Forest Technology Park, a thriving hub of technological innovation. While a separate entity from the park, its proximity to Global Foundries, a leading computer chip manufacturer, offers unparalleled access to a growing industry. Existing site improvements include established physical structures, parking lots, and roadways, providing a solid foundation for future projects. Detailed information regarding five existing leases encompassing approximately 17.16 acres is available in the comprehensive Offering Memorandum, accessible online at www.HermesRoadLand.com. The Offering Memorandum also provides further details on lease terms. This property, established in 1975 by the New York Energy Research and Development Authority (NYSERDA), represents a rare chance to capitalize on the explosive growth and long-term investment potential of this dynamic region. The property's address is Hermes Rd, Ballston Spa, NY, and its APN is 230.-1-75.11, 230.-1-75.12, 230.-1-75.13. This is an exceptional opportunity for investors seeking a substantial land holding in a high-growth area.

    Property Features for 0 Hermes Rd

    General Information

    Property type
    Land
    Lot Size
    10,105,920 SF

    HighLights

    • Improved site with buildings, parking, and roadways.
    • Five leases totaling ±17.16 acres are detailed in the Offering Memorandum.
    • Offering Memorandum available at www.HermesRoadLand.com
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ballston Spa
    County
    Saratoga
    State
    New York
    Longitude
    -73.7693761
    Latitude
    42.9683513

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    FAQs

    What type of property is this?
    Land - 232 Acres, C-3 Zoning, Investment Opportunity
    Where is this land located?
    The property is located at Hermes Rd Ballston Spa, NY.
    What are key features of this property?
    This property features: Improved site with buildings, parking, and roadways.; Five leases totaling ±17.16 acres are detailed in the Offering Memorandum.; Offering Memorandum available at www.HermesRoadLand.com
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    Realmo Value Estimation

    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.

    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.

    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
    Hermes Rd Ballston Spa, NY 12020
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