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    Property profile & analytics

    1 Blacksmith Dr Malta, NY 12020

    • Car washes
    • 2,800 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1473838
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Clean2o Touchfree Car Wash / Car Wash

    Property Details for 1 Blacksmith Dr

    Year built
    2000
    Lot size
    1.00 lot acres
    Property size
    2,800 SF
    Zone code
    PDD
    Property type
    Car washes
    APN
    414089 229.4-2-36
    APU
    4140892294236

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Malta
    County
    Saratoga
    State
    New York
    Longitude
    -73.7935
    Latitude
    42.9695
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $225,000
    $280,000
    $505,000
    -
    $225,000
    $280,000
    $505,000

    Comparable in this City

    • Value Estimation by Request
      3,570 SF

      434 Geyser Rd

      CAR WASH • 3,570 SF
      434 Geyser Rd, Ballston Spa, NY 12020-3021
      View Details
    • Value Estimation by Request
      2,652 SF

      438 Geyser Rd

      CAR WASH • 2,652 SF
      438 Geyser Rd, Ballston Spa, NY 12020-3021
      View Details
    • Value Estimation
      $2,625,000
      25,138 SF

      1484 Saratoga Rd

      VEHICLE SALES, RENTALS • 25,138 SF
      1484 Saratoga Rd, Ballston Spa, NY 12020-3505
      View Details
    • Value Estimation by Request
      1,400 SF

      75 Ss St

      PARKING LOT • 1,400 SF
      75 Ss St, Ballston Spa, NY 12020-1021
      View Details
    • Value Estimation by Request
      3,336 SF

      229 Church Ave

      SERVICE STATION WITH FOOD MART • 3,336 SF
      229 Church Ave, Ballston Spa, NY 12020-3612
      View Details
    • Value Estimation by Request
      3,049 SF

      448 Geyser Rd

      SERVICE STATION WITH FOOD MART • 3,049 SF
      448 Geyser Rd, Ballston Spa, NY 12020-3021
      View Details

    Similar Nearby for Sale

    • $634,999
      2,400 SF

      Remodeled Salon with Ample Parking

      Fully remodeled salon with parking, equipment, and potential drive-through.
      426 Geyser Rd, Ballston Spa, NY 12020
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    • $634,999

      Remodeled Salon with Dog Wash

      Remodeled salon with parking, tanning booths, and dog wash.
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    • 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
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    • $795,000
      2.96 Acres

      Prime Corner Lot in Ballston

      2.96-acre corner lot suitable for retail and drive-thru.
      800 Rte 67, Ballston Spa, NY 12020
      View Details
    • $250,000
      Pending

      Vacant Land in Ballston Spa

      7.81 acre vacant lot with frontage on Route 50.
      L9.1 New York State Rte 50, Ballston Spa, NY 12020
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    • $799,900
      6.22 Acres

      Prime Commercial Land For Sale

      6.22 acres with high traffic, near I-87 and Global Foundries.
      720 Ny-67, Malta, NY 12020
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    Similar Nearby for Lease

    • New
      $3,000 /Mo
      2,400 SF

      Versatile Commercial Space in Ballston Spa

      Adaptable space for office, salon, wellness, or retail use.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • $14 SF/Yr
      5,000 SF

      Retail Space in Ballston Spa

      Retail space for lease in Saratoga County, Ballston Spa.
      2031 Doubleday Ave, Ballston Spa, NY 12020
      View Details
    • $4,267 /Mo
      5,595 SF

      New Retail Space in Ballston

      New construction retail space available for lease in Ballston.
      230 Church Ave, Ballston Spa, NY 12020
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    • Contact for pricing

      Ballston Spa Commercial Lots Available

      Three commercial lots available for lease, sale, or development.
      Routes 67 & 50, Ballston Spa, NY 12020
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    • $11 SF/Yr
      10,700 SF

      Suites and Pad Sites Available

      Mixed-use property with suites and pad sites for rent.
      100 Saratoga Village Blvd, Malta, NY 12020
      View Details
    • Contact for pricing
      131,572 SF

      Malta Center: Retail Opportunity

      Prime Route 9 Retail Space, 10 Units Available
      2545 Us-9, Malta, NY 12020
      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      1.5k
    • Avg Time on site
      23 min
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    1 Blacksmith Dr
    Malta, NY 12020
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    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
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