Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    L1 State Rt 50 Saratoga Springs, NY 12866
    Back to Search
    Property profile & analytics

    L1 State Rt 50 Saratoga Springs, NY 12866

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

    Current Use by Public Records

    • Land

    Property Details for L1 State Rt 50

    Lot size
    12.57 lot acres
    Property type
    Land

    Description

    This exceptional 12.57-acre commercial land parcel in Saratoga Springs, New York, presents a unique investment opportunity. Located on State Route 50, the property boasts over 2800 feet of road frontage, providing unparalleled visibility and accessibility for a wide range of commercial ventures. The property is zoned C-1, allowing for diverse commercial uses

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.8003
    Latitude
    43.0624

    Comparable in this City

    • Value Estimation by Request
      1.58 Acres

      Louden Rd & Weibel Ave

      Individual retail properties • 1.58 Acres
      0 Louden Rd & Weibel Ave, Saratoga Springs, NY 12866
      View Details
    • Value Estimation by Request
      4.36 Acres

      4205 Ny-50

      Retail properties & Spaces • 4.36 Acres
      4205 Ny-50, Saratoga Springs, NY 12866
      View Details
    • Value Estimation by Request
      25,600 SF

      433 Broadway

      Office Units • 25,600 SF
      433 Broadway, Saratoga Springs, NY 12866
      View Details
    • Value Estimation by Request
      1,733 SF

      68 Excelsior Ave

      COMMERCIAL (GENERAL) • 1,733 SF
      68 Excelsior Ave, Saratoga Springs, NY 12866-2439
      View Details
    • Value Estimation by Request
      1,516 SF

      93 Ee Ave

      COMMERCIAL (GENERAL) • 1,516 SF
      93 Ee Ave, Saratoga Springs, NY 12866-2644
      View Details
    • Value Estimation by Request
      3,432 SF

      67 Davidson Dr

      SHOW ROOM, WAREHOUSE • 3,432 SF
      67 Davidson Dr, Saratoga Springs, NY 12866-5616
      View Details

    Similar Nearby for Sale

    • $325,000
      35.43 Acres

      35 Acres in Saratoga Springs

      Spacious 35-acre land tract in Saratoga Springs, NY.
      L19.22 Homestead Rd, Saratoga Springs, NY 12866
      View Details
    • $2,950,000

      Land For Sale Saratoga Springs

      Land available for sale in Saratoga Springs, New York.
      230 West Ave, Saratoga Springs, NY 12866
      View Details
    • Contact for pricing

      Land Overlooking Saratoga Lake

      Prime 1.03-acre land parcel near Saratoga Lake.
      510 Ny-9P, Saratoga Springs, NY 12866
      View Details
    • $1,469,000

      Prime Saratoga Springs Development Opportunity

      Rare opportunity on historic North Broadway, near downtown Saratoga.
      624 N Broadway, Saratoga Springs, NY 12866
      View Details
    • Contact for pricing

      Downtown Saratoga Springs Building Lot

      0.32 acre building lot in downtown Saratoga Springs.
      L41 North Ave, Saratoga Springs, NY 12866
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Saratoga Springs Land Opportunity

      Land available near Saratoga Race Track with ample parking.
      200 Ny-50, Saratoga Springs, NY 12866
      View Details
    • $25 SF/Yr
      17,000 SF

      Prime Saratoga Springs Land Parcel

      Land parcel available for a build-to-suit office building.
      133 Hamilton St, Saratoga Springs, NY 12866
      View Details
    • Contact for pricing

      Prime Saratoga Springs Pad Site

      1.58 acre pad site in high-traffic Saratoga Springs.
      Louden Rd & Weibel Ave, Saratoga Springs, NY 12866
      View Details
    • Contact for pricing

      Commercial Pad Site For Lease

      1.58 acre pad site available for ground lease.
      Louden Rd & Weibel Ave, Saratoga Springs, NY 12866
      View Details
    • $800 /Mo
      77,101 SF

      Saratoga Springs Office Space Available

      Affordable office space with shared amenities in Saratoga Springs, NY.
      125 High Rock Ave, Saratoga Springs, NY 12866
      View Details
    • $16 SF/Yr
      54,962 SF

      Saratoga Office Space For Rent

      Versatile office space in Saratoga's W.J. Grande Industrial Park.
      3 Unlimited Dr, Saratoga Springs, NY 12866
      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.
    L1 State Rt 50
    Saratoga Springs, NY 12866
    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
    L1 State Rt 50, Saratoga Springs, NY, 12866
    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!