Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2388 Route 9 Mechanicville, NY 12118

    • Office Properties & Spaces
    • 3.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2388 Route 9

    Year built
    2006
    Lot size
    3.33 lot acres
    Property type
    Office Properties & Spaces

    Description

    This exceptional commercial property, located at 2388 Route 9 in Mechanicville, New York, presents a significant investment opportunity. The expansive 3.33-acre lot offers ample space for future development or expansion of existing structures. Currently configured as an office building, the property's size and location make it ideal for a variety of businesses. Its strategic positioning on Route 9 ensures high visibility and easy accessibility for clients and employees. The asking price is $6,200,000. The property's square footage is currently unavailable, however, the substantial lot size and prime location suggest significant potential for development and return on investment. This is a rare opportunity to acquire a large commercial parcel in a thriving area of Mechanicville. The property's potential is further enhanced by its proximity to major transportation routes, providing convenient access to regional markets and a diverse workforce. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed information regarding the building's current configuration and potential uses can be provided upon request. This is a unique chance to secure a significant commercial asset in a desirable location. Don't miss this opportunity to acquire a property with substantial growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicville
    County
    Saratoga
    State
    New York
    Longitude
    -73.7914
    Latitude
    42.9597

    Comparable in this City

    • Value Estimation by Request
      3.03 Acres

      2389 Route 9

      Office Properties & Spaces • 3.03 Acres
      2389 Route 9, Mechanicville, NY 12118
      View Details
    • Value Estimation by Request
      6,320 SF

      2374 Us-9

      Coworking space • 6,320 SF
      2374 Us-9, Mechanicville, NY 12118
      View Details
    • Value Estimation by Request
      28,036 SF

      2388 Us-9

      Medical offices • 28,036 SF
      2388 Us-9, Mechanicville, NY 12118
      View Details
    • Value Estimation
      $580,000
      5,280 SF

      74 Railroad St

      OFFICE BUILDING • 5,280 SF
      74 Railroad St, Mechanicville, NY 12118
      View Details
    • Value Estimation
      $750,000
      4,224 SF

      2299 Rte 9th 9

      OFFICE BUILDING • 4,224 SF
      2299 Rte 9th 9, Mechanicville, NY 12118-3023
      View Details
    • Value Estimation
      $4,940,000
      34,140 SF

      2452 Rte 9th 9

      OFFICE BUILDING • 34,140 SF
      2452 Rte 9th 9, Mechanicville, NY 12118
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.03 Acres

      Mechanicville Office Building, 3 Acres

      Prime Mechanicville office space, 3-acre lot.
      2389 Route 9, Mechanicville, NY 12118
      View Details
    • $5,900,000
      28,036 SF

      Medical/Professional Building Near I-87

      Centrally located medical/professional building with full ADA accessibility.
      2388 Route 9, Mechanicville, NY 12118
      View Details
    • $5,900,000

      Medical/Professional Building Near I-87

      26,000+ SF medical/professional building, excellent lease history, park-like setting.
      2388 Route 9, Mechanicville, NY 12118
      View Details
    • $89,000

      Main Street Retail/Office Opportunity

      Prime Mechanicville location suitable for retail, office, or restaurant.
      85 N Main St, Mechanicville, NY 12118
      View Details
    • $1,900,000
      29.77 Acres

      Versatile Land Near Malta Tech Park

      29.77 acres near Malta Tech Park with development potential.
      12 Easy St, Mechanicville, NY 12118
      View Details
    • $150,000
      0.10 Acres

      Prime Commercial Land in Mechanicville

      Commercial land in a main business district with redevelopment potential.
      11 S Central Ave, Mechanicville, NY 12118
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      28,036 SF

      Class A Medical Office Space in Malta, NY

      Prime Medical Office Suite - 4,067 SF Available
      2388 Us-9, Mechanicville, NY 12118
      View Details
    • $567,000
      1,500 SF

      Mechanicville Flex Space For Rent

      Flex space / offices available for rent in Mechanicville.
      860 Hudson River Rd, Mechanicville, NY 12118
      View Details
    • $14 SF/Yr
      6,320 SF

      Malta Office Space for Lease

      Versatile Office Suites, 1,000-2,000 SF
      2374 Us-9, Mechanicville, NY 12118
      View Details
    • Contact for pricing
      10,480 SF

      Office Space Near Global Foundries

      Office and retail spaces available near Global Foundries Tech Park.
      100 Saratoga Ave, Mechanicville, NY 12118
      View Details
    • $1.00 SF/Yr

      Mechanicville Retail/Office Space Available

      Retail or office space for rent in Mechanicville, NY.
      114 Park Ave Ave, Mechanicville, NY 12118
      View Details
    • $750 /Mo

      Storage Building with Sliding Door

      900 SF storage building with 14' sliding door.
      164 Route 67, Mechanicville, NY 12118
      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.
    2388 Route 9
    Mechanicville, NY 12118
    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

    Google sign-in failed. Please try again or use another login method.