Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    L33.21 Spg Rd Broadalbin, NY 12025
    Back to Search
    Property profile & analytics

    L33.21 Spg Rd Broadalbin, NY 12025

    View on Map
    • Land
    • 6.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 L33.21 Spg Rd

    Lot size
    6.00 lot acres
    Property type
    Land

    Description

    This exceptional 6-acre residential land parcel presents a unique opportunity to build your dream home in a private and secluded setting. Located at L33.21 Spring Road, Galway, NY 12025, this property (APN 171.-1-33.21) offers ample space for a custom home and potential landscaping. The lot is nestled behind a custom-built contemporary home, ensuring a tranquil environment. Conveniently situated, it provides easy access to the recreational opportunities of Sacandaga Lake and the Adirondack Mountains, while also being within reach of Saratoga. The property is served by the Broadalbin school district. Priced at $125,000, this land offers significant potential for those seeking a peaceful retreat with convenient access to amenities and attractions. The asking price allows for flexibility in design and construction, making it an ideal investment for building a custom home tailored to your specific needs and preferences. Don't miss this chance to own a piece of serene countryside in desirable Saratoga County. Rent bumps are permitted.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Broadalbin
    County
    Saratoga
    State
    New York
    Longitude
    -74.1048
    Latitude
    43.0564

    Comparable in this City

    • Value Estimation by Request
      6.00 Acres

      Galway NY 12025 L33.21 Spg Rd

      Land • 6.00 Acres
      Galway NY 12025 L33.21 Spg Rd, Broadalbin, NY 12025
      View Details
    • Value Estimation by Request
      868 SF

      158 Bellen Rd

      MOBILE HOME PARK, TRAILER PARK • 868 SF
      158 Bellen Rd, Broadalbin, NY 12025-2160
      View Details
    • Value Estimation by Request
      1,125 SF

      1365 County Hwy 110

      CAMPGROUND, RV PARK • 1,125 SF
      1365 County Hwy 110, Broadalbin, NY 12025-2913
      View Details
    • Value Estimation by Request
      938 SF

      239-247 Rdg Rd

      MOBILE HOME PARK, TRAILER PARK • 938 SF
      239-247 Rdg Rd, Broadalbin, NY 12025
      View Details
    • Value Estimation by Request
      1,250 SF

      419 Un Mls Rd

      MOBILE HOME PARK, TRAILER PARK • 1,250 SF
      419 Un Mls Rd, Broadalbin, NY 12025-1997
      View Details
    • Value Estimation by Request
      1,248 SF

      185 Old State Rd

      MOBILE HOME PARK, TRAILER PARK • 1,248 SF
      185 Old State Rd, Broadalbin, NY 12025-6912
      View Details

    Similar Nearby for Sale

    • New
      $199,000
      Pending

      Expansive Land with Keneyetto Creek

      89 acres in Broadalbin with creek, ideal for development.
      L16 Old Rte 29, Broadalbin, NY 12025
      View Details
    • $899,000

      Cleared Lot on State Highway

      Highly visible lot with development potential in Broadalbin, NY.
      L25 State Highway 30, Broadalbin, NY 12025
      View Details
    • $50,000
      0.60 Acres

      Land in Broadalbin, NY

      Residential land for sale in Broadalbin-Perth School District.
      L6 Hilltop Rd, Broadalbin, NY 12025
      View Details
    • $1,499,000
      99.60 Acres

      Broadalbin Land Development Opportunity

      Almost 100 acres with potential for 167 residential lots.
      194 Bellen Rd, Broadalbin, NY 12025
      View Details
    • Contact for pricing
      7,696 SF

      Mixed-Use Building on State Highway

      7,696 sq ft mixed-use building on 1.09 acres.
      836 State Highway 29, Broadalbin, NY 12025
      View Details
    • $1,650,000
      18,092 SF

      Historic Hotel, Pub, and Eatery

      Renovated hotel, pub, and eatery with strong financials.
      59 W Main St, Broadalbin, NY 12025
      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.
    L33.21 Spg Rd
    Broadalbin, NY 12025
    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
    L33.21 Spg Rd, Broadalbin, NY, 12025
    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!