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    1254 Saratoga Rd Gansevoort, NY 12831
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    Property profile & analytics

    1254 Saratoga Rd, Gansevoort, NY 12831

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    • Mixed-use properties
    • 52.00 lot acres
    Off-Market
    Property ID
    US63-4406266
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 1254 Saratoga Rd

    Lot size
    52.00 lot acres
    Property type
    Mixed-use properties

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2024 $550,000 Garden World Assoc LLC Cannone Ventures INC Deed —
    Jan 24, 2024 $625,000 Cannone Ventures INC Michael H Zurlo Deed · related —
    Oct 19, 2020 — Zaharah Badrudin Yasmin N Badruddin Quitclaim Deed · related —
    Oct 6, 2020 — Yasmin N Badruddin Mohamed K Badruddin Quitclaim Deed · related —

    Description

    This exceptional 52-acre property located at 1254 Saratoga Road in Gansevoort, New York, presents a unique investment opportunity. The mixed-use zoning allows for a variety of development possibilities, catering to diverse business and residential needs. The expansive acreage offers significant potential for future expansion and development, making it an attractive proposition for both established businesses and ambitious entrepreneurs. The property's strategic location in Gansevoort provides easy access to major transportation routes, ensuring convenient connectivity to surrounding areas. This presents a significant advantage for businesses requiring efficient logistics and accessibility. The substantial land area allows for ample parking, outdoor space, and potential for additional structures. The asking price of $995,000 reflects the significant potential inherent in this property. Given the size and zoning, this property is well-suited for a range of projects, from commercial ventures to residential developments, or a combination thereof. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity. Detailed zoning information and development guidelines are readily available upon request. This is a rare chance to acquire a large parcel of land in a desirable location with significant upside potential. Don't miss this chance to secure a valuable asset in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gansevoort
    County
    Saratoga
    State
    New York
    Longitude
    -73.69733
    Latitude
    43.23143

    Comparable in this City

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      5,130 SF

      Mixed-Use Building in Gansevoort, NY

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      18 Leonard St, Gansevoort, NY 12831
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    • $449,900
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      Wilton Mixed-Use Property, 3.26 Acres

      Prime Wilton location, mixed-use potential. Excellent investment opportunity.
      711 Saratoga Rd, Wilton, NY 12831
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      5,290 SF

      Mixed-Use Building in Growing Community

      Mixed-use building in Gansevoort, bring your business to life.
      18 Leonard St, Gansevoort, NY 12831
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    • $1,400,000
      13,344 SF

      Wilton Industrial/Flex Warehouse Compound

      Well-located industrial/flex warehouse compound on 2.6 acres in Saratoga County.
      10 Commerce Park Dr, Wilton, NY 12831
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    • $175,000

      Commercial Land Available

      Unimproved commercial land with utilities available.
      L11 Hilltop Dr, Wilton, NY 12831
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      Vacant Land For Sale

      Vacant land with development potential, subject to approvals.
      864 Rte 9, Gansevoort, NY 12831
      View Details

    Similar Nearby for Sale

    • $449,900
      3.26 Acres

      Wilton Mixed-Use Property, 3.26 Acres

      Prime Wilton location, mixed-use potential. Excellent investment opportunity.
      711 Saratoga Rd, Wilton, NY 12831
      View Details
    • Contact for pricing
      5,290 SF

      Mixed-Use Building in Growing Community

      Mixed-use building in Gansevoort, bring your business to life.
      18 Leonard St, Gansevoort, NY 12831
      View Details
    • $210,000
      5,130 SF

      Mixed-Use Building in Gansevoort, NY

      Mixed-use building in growing community, convert to home or business.
      18 Leonard St, Gansevoort, NY 12831
      View Details
    • $1,400,000
      13,344 SF

      Wilton Industrial/Flex Warehouse Compound

      Well-located industrial/flex warehouse compound on 2.6 acres in Saratoga County.
      10 Commerce Park Dr, Wilton, NY 12831
      View Details
    • $175,000

      Commercial Land Available

      Unimproved commercial land with utilities available.
      L11 Hilltop Dr, Wilton, NY 12831
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Vacant land with development potential, subject to approvals.
      864 Rte 9, Gansevoort, NY 12831
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      14,040 SF

      Wilton Commercial Flex/Warehouse Space

      14,040 SF flex/warehouse space with offices in Wilton, NY.
      891 Saratoga Rd, Wilton, NY 12831
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      14,040 SF

      Wilton Flex Space For Rent

      Clear space building with refurbished offices and loading docks.
      891 Saratoga Rd, Wilton, NY 12831
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      9,835 SF

      Stand Alone Office Building

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      9,835 SF

      Stand Alone Office Building

      Stand alone office building with parking in McGregor Office Park.
      5 Mountain Ledge Dr, Gansevoort, NY 12831
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    • Contact for pricing
      248,000 SF

      Upstate NY Logistics Development Site

      Large logistics development site with over 1M SF planned.
      197 Ballard Rd, Gansevoort, NY 12831
      View Details
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    Gansevoort, NY 12831
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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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    1254 Saratoga Rd, Gansevoort, NY, 12831
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