New search
Property profile & analytics
FOR LEASE
Industrial properties
107 Hermes Rd, Ballston Spa, NY 12020
Entity Owned
Absentee Owner
Free & Clear
Property ID
US63-5294796
For Lease
1 / 15
$11 SF/Yr
107 Hermes Rd, Ballston Spa, NY 12020
View Listing →
Property summary
AI-generated overview
This exceptional Class A office building, located at 107 Hermes Rd, Ballston Spa, NY 12020, offers a total of 108,285 square feet of premium executive office space. The two-story building, constructed in 2007, sits on a six-acre lot and is zoned C3 - NYSERDA. Currently, there are 6 suites available, with a minimum divisible space of 3,000 square feet and a significant amount of vacant space totaling 60,402 square feet. Multiple office suites are available for lease, ranging from approximately 3,796 to 9,520 square feet, offering flexible lease terms to suit various business needs. Specific suite sizes and pricing vary
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Total area
102,726 SF
Lot
0.01 ac (436 SF)
Zoning code
C3
APN
414089 230.-1-75.11-2
UPID
US63-5294796
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
Current use
Occupant on record · Public records
-
Lockheed Martin Industrial Manufacturer Production Facility
-
Hallam-ICS Engineering Consultant Automation Company
-
Lam Research Corporation Research Institute
-
ElectroVaya Industrial Manufacturer Production Facility
-
Performance Contracting Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$5.74M
Owner & transaction history
UNITED STEP 1
UNITED STEP 1
Zoning & alternative use
C3 · Ballston Spa, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.2M
+52.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ballston Spa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ballston Spa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,025,000
Current use
WAREHOUSE, STORAGE
$9,165,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$5.74M
Range $5.17M – $6.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$10,500,000
Assessed 2023
Previous assessed
$9,984,000
+5.2% YoY
Assessed improvement
$10,500,000
Improvement market value
$10,500,000
Total market value
$10,500,000
Applied tax rate
414,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2005
Buildings
1
Stories
2
Total area
102,726 SF
Lot
0.01 ac (436 SF)
Zoning code
C3
APN
414089 230.-1-75.11-2
UPID
US63-5294796
Jurisdiction
SARATOGA
Zoning & alternative use
C3 · Ballston Spa, NY
Zoning C3 · permitted uses
C3 · Ballston Spa, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ballston Spa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.0M
WAREHOUSE, STORAGE
Est. value
$9.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Stories
2
Buildings
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
UNITED STEP 1
Individual
Free & Clear · 0 yrs held
Mailing address
300 JORDAN RD, TROY, NY 12180-8346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
