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Property profile & analytics
OFF-MARKET Estimated value $28,245,000
Office buildings

100 State Farm Pl Ballston Spa, NY 12020-3722

310,018 SF 58.71 ac lot Built 1991
Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-5039071
Property summary
AI-generated overview

This exceptional Class A office building, located at 100 State Farm Place in Ballston Spa, NY, presents a unique opportunity. The entire 336,382 square foot building is currently available for lease, offering unparalleled flexibility for a single large tenant or the potential for division to accommodate multiple occupants. The two-story structure boasts impressive 30-foot ceiling heights, providing ample space and a modern aesthetic. The property's strategic location offers convenient access to I-87 Northway, ensuring seamless commutes for employees and clients. Ample parking is provided with 1200 spaces available on-site. The building is situated in Saratoga County, NY, and features a traditional office layout, ideal for a variety of business needs. Beyond the main office space, an additional approximately 30,000 square feet of warehouse space is included, further enhancing the property's versatility. This expansive warehouse area also benefits from the impressive 30-foot ceiling height, accommodating a wide range of storage and operational requirements. The property's size, amenities, and location make it an exceptional opportunity for businesses seeking a prominent and functional space in the thriving Ballston Spa market. The zip code is 12020.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1991
Total area 310,018 SF
Lot 58.71 ac (2,557,408 SF)
Zoning code PDD
APN 414089 229.-2-98.2
UPID US63-5039071
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.05M
Blend (final) Blend
$28.25M
Owner & transaction history
Lsref2 Tractor Reo Direct Ll · 12 yrs held
Lsref2 Tractor Reo Direct Ll
since 2013
1 recorded transaction
2013
$66.1M
Zoning & alternative use
PDD · Ballston Spa, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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