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    Property profile & analytics

    12 Spring St Schuylerville, NY 12871

    • Office buildings
    • 13,316 SF
    • 1.55 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5711729
    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

    • Reynolds William F / Attorney
    • Flatley–Read, INC / Environmental Consultant / Economic Consultant
    • Renauld Family Practice / Family Counselor
    • Saratoga Town Hall / City Government Office
    • Saratoga Town Justice Office / City Government Office

    Property Details for 12 Spring St

    Year built
    1960
    Lot size
    1.55 lot acres
    Property size
    13,316 SF
    Zone code
    CONF
    Property type
    Office buildings
    APN
    415001 157.48-1-12
    APU
    41500115748112

    Description

    This exceptional commercial property, located at 12 Spring Street, Unit 102, in Schuylerville, New York, presents a unique opportunity for businesses seeking a substantial office space with significant land holdings. The property encompasses a generous 1.55 acres of land, offering ample room for expansion, future development, or simply enjoying a spacious and private setting. The office space itself, situated within Unit 102, is ready for immediate occupancy and customization to suit a variety of business needs. While the precise square footage is currently unavailable, the expansive acreage surrounding the building provides significant potential for growth and development. The property's location in Schuylerville offers easy access to local amenities, transportation routes, and a thriving community. This is an ideal opportunity for a company looking to establish a strong presence in a desirable location with the added benefit of considerable land for future projects. The asking price for this property is currently being determined. Serious inquiries are encouraged to explore this exceptional commercial real estate offering. Contact us today to schedule a viewing and discuss the possibilities. This property is being offered as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,200,000
      6.5%
      $2,955,000
      7%
      $2,745,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,489,000
      Market price range: $382k - $1.75M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,650,000
      Current use
      RESTAURANT
      $3,560,000
      Change: +34% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,285,000
      Change: -14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,140,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Schuylerville
    County
    Saratoga
    State
    New York
    Longitude
    -73.5802
    Latitude
    43.1045
    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
    $44,400
    $1,856,200
    $1,900,600
    -
    $64,818
    $2,709,781
    $2,774,599

    Comparable in this City

    • Value Estimation
      $515,000
      2,720 SF

      200 Broad St

      OFFICE BUILDING • 2,720 SF
      200 Broad St, Schuylerville, NY 12871-1024
      View Details
    • Value Estimation
      $900,000
      7,676 SF

      35 Spg St

      OFFICE BUILDING • 7,676 SF
      35 Spg St, Schuylerville, NY 12871-1015
      View Details
    • Value Estimation
      $1,470,000
      13,300 SF

      12 Spg St Ste, Unit 2

      OFFICE BUILDING • 13,300 SF
      12 Spg St Ste, Schuylerville, NY 12871-1050
      View Details
    • Value Estimation
      $585,000
      3,600 SF

      30 Fry St

      OFFICE BUILDING • 3,600 SF
      30 Fry St, Schuylerville, NY 12871-1211
      View Details
    • Value Estimation by Request
      1,900 SF

      43 Spg St

      OFFICE BUILDING • 1,900 SF
      43 Spg St, Schuylerville, NY 12871-1014
      View Details
    • Value Estimation by Request
      4,768 SF

      21 Spg St

      MEDICAL CLINIC • 4,768 SF
      21 Spg St, Schuylerville, NY 12871-1043
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.55 Acres

      Schuylerville Office Space - 1.55 Acres

      Prime Schuylerville office space, ample land.
      12 Spring St, Schuylerville, NY 12871
      View Details
    • $199,900
      Pending

      Three-Story Commercial Building in Schuylerville

      Three-story commercial building with brew pub and restaurant.
      161 Broad St, Schuylerville, NY 12871
      View Details
    • $250,000
      2,736 SF

      Saratoga County Multi-Family Property

      Three-unit property near Saratoga and Schuylerville shopping with off-street parking.
      70 Gates Ave, Victory Mills, NY 12871
      View Details
    • $320,000
      Pending

      Schuylerville Four-Unit Multifamily Property

      Four-unit multifamily property in Schuylerville with updated features and long-term tenants.
      169 Broad St, Schuylerville, NY 12871
      View Details
    • $155,000

      Vacant Lot in Schuylerville, NY

      0.18 acre vacant building lot at traffic light.
      73 Broad St, Schuylerville, NY 12871
      View Details
    • $50,000
      Pending

      Cleared Land in Schuylerville, NY

      1.38 acre building lot approved for single or duplex home.
      Nys Rt 32, Schuylerville, NY 12871
      View Details

    Similar Nearby for Lease

    • $900 /Mo

      Commercial Space For Rent

      1200 Sq Ft commercial space suited for office or retail.
      122 Broad St, Schuylerville, NY 12871
      View Details
    • $6,900 /Mo
      153,331 SF

      Waterfront Restaurant Leasing Opportunity

      Turnkey restaurant with indoor/outdoor dining at Schuyler Yacht Basin.
      1 Ferry St, Schuylerville, NY 12871
      View Details
    • $700 /Mo
      2,628 SF

      Schuylerville Retail Space Available

      Commercial space for rent in Schuylerville, NY.
      123 Broad St, Schuylerville, NY 12871
      View Details
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    Schuylerville, NY 12871
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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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