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    17 Main St Ballston, NY 12019
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    17 Main St, Ballston, NY 12019

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    • Turn key restaurants
    • 7,022 SF
    • 0.86 lot acres
    For Lease
    $4,000/Mo
    View Listing →
    Turnkey Restaurant & Bar Landmark For Lease
    $4,000/Mo
    5,020 SF

    Turnkey Restaurant & Bar Landmark

    5,020 SF turnkey restaurant and bar available for lease.

    17 Main St, Ballston Lake, NY 12019
    View Listing
    Property ID
    US63-1870028
    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

    • Turn key restaurants

    Property Details for 17 Main St

    Year built
    1940
    Lot size
    0.86 lot acres
    Property type
    Turn key restaurants
    APN
    412089 257.12-2-34
    APU
    41208925712234

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 21, 2024 $240,000 Landmark Hldgs 2023 LLC Sunmark Cu Warranty Deed —
    May 8, 2019 — Carneys Associates LLC — Loan Modification · related $692k · Sunmark FCU
    Apr 4, 2014 $37,197 Carney Associates LLC Carneys Associates LLC Quit Claim Deed —
    — — Carneys Associates LLC — Deed Of Trust · related $106k · Sunmark FCU
    — — Carneys Associates LLC — Loan Modification · related $692k · Sunmark FCU

    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
    Ballston Lake
    County
    Saratoga
    State
    New York
    Longitude
    -73.8748
    Latitude
    42.9097
    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
    $107,900
    $217,100
    $325,000
    -
    $153,050
    $307,943
    $460,993

    Comparable in this City

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      6 Round Lk Rd

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      10 Round Lk Rd

      SERVICE STATION WITH FOOD MART
      10 Round Lk Rd, Ballston Lake, NY 12019-1127
      View Details
    • Value Estimation
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      2,580 SF

      16 Round Lk Rd

      SERVICE STATION WITH FOOD MART
      16 Round Lk Rd, Ballston Lake, NY 12019-1127
      View Details
    • Value Estimation
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      10,000 SF

      881 State Rte 50

      SHOW ROOM, WAREHOUSE
      881 State Rte 50, Ballston Lake, NY 12019
      View Details

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      Established Salvage Yard For Sale

      Turn-key salvage yard business with multiple licenses and rental income.
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      View Details
    • $4,400,000
      21.48 Acres

      Established Salvage Yard For Sale

      Turn-key salvage yard business with multiple licenses and rental properties.
      503 Schauber Rd, Ballston Lake, NY 12019
      View Details
    • $1,495,000
      85.61 Acres

      Residential Land in Ballston Lake

      85+ acre residential development land with frontage and cleared areas.
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      Commercial Land on State Route

      5.4 acres of commercially zoned land on State Route.
      843 State Route 50, Ballston, NY 12019
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    • New
      $450,000
      7.43 Acres

      Mixed-Use Development Land with Frontage

      Tenant-occupied ranch on mixed-use land offers strong corridor exposure and multiple development paths, subject to approvals.
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      View Details
    • $595,000
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      Ballston Lake Office For Sale

      Office property for sale in Ballston Lake, New York.
      325 Ushers Rd, Ballston Lake, NY 12019
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turnkey Restaurant & Bar Landmark

      5,020 SF turnkey restaurant and bar available for lease.
      17 Main St, Ballston Lake, NY 12019
      View Details
    • $3,000 /Mo
      43,560 SF

      Turnkey Restaurant in Ballston Lake

      5,020 SF turnkey restaurant space with ample parking.
      17 Main St, Ballston, NY 12019
      View Details
    • $2,000 /Mo
      10,980 SF

      Office/Retail Space Near Northway

      Office or retail space available near Exit 11 off Northway.
      146 Raylinsky Rd, Malta, NY 12019
      View Details
    • $2,000 /Mo
      10,980 SF

      Retail Space in Malta, NY

      Retail space available in Malta, NY near Exit 11.
      146 Raylinsky Rd, Malta, NY 12019
      View Details
    • Contact for pricing
      10,980 SF

      Partially Divided Retail Suite

      Retail suite with partially divided rooms, kitchen area, and a full bath, complemented by ample on-site parking.
      146 Raylinsky Rd, Ballston Lake, NY 12019
      View Details
    • Contact for pricing
      7,750 SF

      Ballston Lake Industrial Space

      Industrial property available for rent in Ballston Lake, NY.
      318 Ushers Rd, Ballston Lake, NY 12019
      View Details
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    17 Main St
    Ballston, NY 12019
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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.

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