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    Property profile & analytics

    1689 Rte 9th 9 Halfmoon, NY 12065-4423

    • Auto shops
    • 8,719 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5547584
    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

    • Auto shops

    Property Details for 1689 Rte 9th 9

    Year built
    1985
    Lot size
    1.19 lot acres
    Property size
    8,719 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Auto shops
    APN
    413800 272.3-1-7
    APU
    413800272317

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $458,000
      Market price range: $244k - $1.27M

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

    Location Insight

    • Map
    • Local Demand
    City
    Halfmoon
    County
    Saratoga
    State
    New York
    Longitude
    -73.7667
    Latitude
    42.8617
    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
    $282,200
    $136,198
    $418,398
    -
    $664,000
    $320,466
    $984,466

    Comparable in this City

    • Value Estimation
      $280,000
      1,395 SF

      36 Old Rte 146

      AUTO REPAIR, GARAGE • 1,395 SF
      36 Old Rte 146, Halfmoon, NY 12065-3109
      View Details
    • Value Estimation
      $275,000
      1,251 SF

      1704 Rte 9th 9

      AUTO REPAIR, GARAGE • 1,251 SF
      1704 Rte 9th 9, Halfmoon, NY 12065-3104
      View Details
    • Value Estimation
      $1,645,000
      15,000 SF

      1430 Rte 9th 9

      AUTO REPAIR, GARAGE • 15,000 SF
      1430 Rte 9th 9, Halfmoon, NY 12065-6525
      View Details
    • Value Estimation
      $280,000
      1,372 SF

      1720 Rte 9us

      AUTO REPAIR, GARAGE • 1,372 SF
      1720 Rte 9us, Halfmoon, NY 12065-3112
      View Details
    • Value Estimation
      $265,000
      2,402 SF

      1682 Rte 9th 9

      AUTO REPAIR, GARAGE • 2,402 SF
      1682 Rte 9th 9, Halfmoon, NY 12065-4368
      View Details
    • Value Estimation
      $325,000
      6,310 SF

      159 Stone Quarry Rd

      AUTO REPAIR, GARAGE • 6,310 SF
      159 Stone Quarry Rd, Halfmoon, NY 12065-6204
      View Details

    Similar Nearby for Sale

    • $2,250,000
      2,930 SF

      Established Auto Repair Business For Sale

      Thriving auto repair and towing business near I-87 for sale.
      280 Ushers Rd, Clifton Park, NY 12065
      View Details
    • $2,600,000
      16,588 SF

      Retail Property in Clifton Park

      Retail property available for sale in Clifton Park, New York.
      1603 Route 9, Clifton Park, NY 12065
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    • $3,000,000
      3,794 SF

      Halfmoon Commercial Building with Business

      Profitable gentleman's club with loyal clientele, business included.
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    • $790,000
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      Latham, NY Medical Office Complex

      Prime 2.25-acre medical/office opportunity.
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      Prime Retail Land, 159,865 SF, NY
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    • $2,137,500
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      Prime 4.5-Acre Commercial Land in Halfmoon, NY

      Route 9 Frontage, High-Traffic Location, Ready to Develop
      1804 Route 9, Halfmoon, NY 12065
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      98,956 SF

      Office Spaces in Shopping Center

      Two office spaces available in a busy shopping center.
      7 Southside Dr, Clifton Park, NY 12065
      View Details
    • $16 SF/Yr
      183,632 SF

      Shopping Center with Retail Opportunities

      180,000 SF shopping center anchored by Hannaford and PetSmart.
      19 Clifton Country Rd, Clifton Park, NY 12065
      View Details
    • Contact for pricing
      9,304 SF

      Retail Space in Clifton Park

      9,304 SF retail space available in Clifton Park, NY.
      54 Crossing Blvd, Clifton Park, NY 12065
      View Details
    • $1.00 SF/Yr

      Retail Destination with Anchor Tenants

      Retail property with major anchor tenants and easy highway access.
      22 Clifton Country Rd, Clifton Park, NY 12065
      View Details
    • Contact for pricing
      336,337 SF

      Clifton Park Center Retail Space

      High-traffic retail center; spaces available.
      22 Clifton Country Rd, Clifton Park, NY 12065
      View Details
    • Contact for pricing
      1,312 SF

      Saratoga Retail Space Available

      Prime Retail Space, Clifton Park
      19 Clifton Country Rd, Saratoga, NY 12065
      View Details
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    1689 Rte 9th 9
    Halfmoon, NY 12065-4423
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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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