Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2545 Us-9 Malta, NY 12020
    Back to Search
    Property profile & analytics

    2545 Us-9 Malta, NY 12020

    View on Map
    • Retail properties & Spaces
    • 131,572 SF
    • 9.96 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2545 Us-9

    Year built
    2011
    Lot size
    9.96 lot acres
    Property size
    131,572 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Malta Center offers a unique investment opportunity in a thriving Saratoga County location. This four-story, 131,572 square foot Class C retail center boasts a prime location directly off I-87 Exit 12, providing exceptional visibility along the busy Route 9 retail corridor. The property features a mix of retail, office, and medical spaces, with 10 units currently available, ranging from a minimum of 470 square feet to a maximum contiguous space of 4,400 square feet. A significant 28,350 square feet of vacant space presents immediate leasing potential. The building, constructed in 2011, sits on a substantial 9.96-acre lot (433,858 square feet) and is zoned DX-3. On-site amenities include 100 parking spaces and the added benefit of residential apartments and lofts, creating a vibrant and diverse community. Spaces are available as vanilla shell or tenant-ready, offering flexibility for various business needs. Negotiable lease terms and tenant allowances are available to qualified tenants. This property presents a compelling opportunity for businesses seeking high visibility and convenient access to major transportation routes in a rapidly growing area. The minimum divisible space is 470 square feet, ideal for smaller businesses, while larger spaces are available for expansion.

    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
    -73.7904
    Latitude
    42.9748

    Comparable in this City

    • Value Estimation by Request
      34,140 SF

      2452 Us-9

      Restaurants • 34,140 SF
      2452 Us-9, Malta, NY 12020
      View Details
    • Value Estimation
      $945,000
      8,377 SF

      2816 State Rte 9th 9

      MEDICAL CLINIC • 8,377 SF
      2816 State Rte 9th 9, Malta, NY 12020-4208
      View Details
    • Value Estimation by Request
      4,266 SF

      112 Cramer Rd

      MEDICAL CLINIC • 4,266 SF
      112 Cramer Rd, Malta, NY 12020-4322
      View Details
    • Value Estimation by Request
      2,610 SF

      994 High St

      MEDICAL CLINIC • 2,610 SF
      994 High St, Ballston Spa, NY 12020
      View Details
    • Value Estimation by Request
      2,281 SF

      25 Mayapple Way

      MEDICAL CLINIC • 2,281 SF
      25 Mayapple Way, Malta, NY 12020-4390
      View Details
    • Value Estimation by Request
      1,765 SF

      82 Mdw Rue Pl

      MEDICAL CLINIC • 1,765 SF
      82 Mdw Rue Pl, Malta, NY 12020-4366
      View Details

    Similar Nearby for Sale

    • $599,900
      3,048 SF

      Mixed-Use Building in Ballston Spa

      Mixed-use property with retail and residential units in Ballston Spa.
      88-90 Front St, Ballston Spa, NY 12020
      View Details
    • $3,825,000
      5.29 Acres

      1 Hemphill Pl, Malta, NY 12020

      Mixed-use properties • 5.29 Acres
      1 Hemphill Pl, Malta, NY 12020
      View Details
    • $325,000
      Pending

      Updated Duplex in Downtown

      Two-unit property in downtown Ballston Spa, fully rented.
      160 Milton Ave, 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
    • $634,999

      Remodeled Salon with Dog Wash

      Remodeled salon with parking, tanning booths, and dog wash.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • Contact for pricing
      2,400 SF

      Remodeled Salon with Dog Wash

      Remodeled salon with parking, tanning booths, and dog wash.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,430 SF

      Drive-Thru Corner Space Available

      First floor corner space with drive-thru and ample parking.
      2452 Us 9, Malta, NY 12020
      View Details
    • $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

      Ballston Spa Office Suites Available

      Multiple office suites for lease in Ballston Spa, NY.
      107 Hermes Rd, Ballston Spa, NY 12020
      View Details
    • $18 SF/Yr
      19,137 SF

      Renovated Office Space Available

      Newly renovated +/- 750 SF office space with private offices.
      2903 Rte 9, Ballston Spa, NY 12020
      View Details
    • $11 SF/Yr
      45,660 SF

      Office and Warehouse Suites Available

      Multiple office and warehouse suites available for lease.
      107 Hermes Rd, Ballston Spa, 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.
    2545 Us-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
    2545 Us-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!