Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2968 State Route 9 Malta, NY 12020
    Back to Search
    Property profile & analytics

    2968 State Route 9 Malta, NY 12020

    View on Map
    • Commercial real estate
    • 16.01 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2968 State Route 9

    Lot size
    16.01 lot acres
    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Malta
    County
    Saratoga
    State
    New York
    Longitude
    -73.7925
    Latitude
    43.0287

    Comparable in this City

    • Value Estimation by Request
      6.19 Acres

      Via Rossi Dr

      COMMERCIAL (GENERAL) • 6.19 Acres
      Via Rossi Dr, Ballston Spa, NY 12020
      View Details
    • Value Estimation
      $1,475,000
      16,320 SF

      318-322 Charlton Rd

      SHOW ROOM, WAREHOUSE • 16,320 SF
      318-322 Charlton Rd, Ballston Spa, NY 12020
      View Details
    • Value Estimation by Request
      0.06 Acres

      Washington St

      COMMERCIAL (GENERAL) • 0.06 Acres
      Washington St, Ballston Spa, NY 12020
      View Details
    • Value Estimation by Request
      6.60 Acres

      3 Via Rossi Way

      Land • 6.60 Acres
      3 Via Rossi Way, Ballston Spa, NY 12020
      View Details
    • Value Estimation by Request
      8.72 Acres

      Kasey Pass

      COMMERCIAL (GENERAL) • 8.72 Acres
      Kasey Pass, Ballston Spa, NY 12020
      View Details
    • Value Estimation by Request
      44.47 Acres

      Via Rossi Dr

      COMMERCIAL (GENERAL) • 44.47 Acres
      Via Rossi Dr, Ballston Spa, NY 12020
      View Details

    Similar Nearby for Sale

    • $699,000
      0.78 Acres

      Prime Commercial Land Opportunity

      High-traffic location in Ballston, ready for development.
      183-185 Church Ave, Ballston, NY 12020
      View Details
    • $1,170,000
      Pending

      16 Acre Commercial Land Parcel

      16-acre commercial land with development potential in Malta, NY.
      2621 Rte 9, Malta, NY 12020
      View Details
    • $3,400,000
      128.00 Acres

      Prime Commercial Land Route 9

      Prime commercial vacant land on Route 9 in Saratoga County.
      2354-RtR S 9, Malta, NY 12020
      View Details
    • $2,390,000
      3,360 SF

      Modern Multifamily Property Near Village

      Ten-unit multifamily property built in 2022, fully leased.
      486 Garrett Rd, Ballston Spa, NY 12020
      View Details
    • $89,900
      2.99 Acres

      Residential Building Lot in Ballston

      2.99 acre treed residential lot in Ballston Spa.
      3515 Galway Rd, Ballston Spa, NY 12020
      View Details
    • $634,999
      2,400 SF

      Remodeled Salon with Tanning Booths

      Fully remodeled salon with parking near Saratoga County Airport.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      4,928 SF

      Malta Office Space For Rent

      2,100 SF office suite in the heart of Malta.
      10 Blacksmith Dr, Malta, NY 12020
      View Details
    • Contact for pricing

      New Industrial Warehouse Space

      New construction industrial warehouse space for lease in Malta, NY.
      4 Old Stonebreak Rd, Ballston Spa, NY 12020
      View Details
    • $2,135 /Mo
      5,595 SF

      New Retail Space in Ballston

      New construction retail space with high visibility and natural light.
      230 Church Ave, Ballston Spa, NY 12020
      View Details
    • Contact for pricing

      Ballston Spa Office Suites Available

      Multiple office suites for lease in Ballston Spa, NY.
      107 Hermes Rd, Ballston Spa, NY 12020
      View Details
    • Contact for pricing

      Land Near Global Foundries

      0.7 acre pad site near Route 9 available for rent.
      2409 Rte 9, Malta, NY 12020
      View Details
    • $17 SF/Yr

      Renovated Office Space Available

      Newly renovated office space with private offices for rent.
      2903 State Route 9, Ballston Spa, NY 12020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2968 State Route 9
    Malta, NY 12020
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2968 State Route 9, Malta, NY, 12020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!