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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office buildings
184 Edie Rd, Saratoga Springs, NY 12866-5480
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-5701640
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
5,673 SF
Lot
3.3 ac (143,748 SF)
Zoning code
C-2
APN
415600 141.-2-14.114
UPID
US63-5701640
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
-
Aflac Regional Office Insurance Agency
-
Aflac Insurance Insurance Agency
-
Clearview Veterinary Imaging Veterinary Clinic
-
Handcrafted Soap & Cosmetic Guild Charitable Organization Social Service Agency
-
H&R Block Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$931k
Blend (final)
Blend
$915k
Owner & transaction history
333 Second Ave LLC · 1 yrs held
333 Second Ave LLC
since 2025
Last sale
$915,000
3 recorded transactions
Zoning & alternative use
C-2 · Saratoga Springs, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+34.2%
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 Saratoga Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saratoga Springs 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
$845,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,130,000
Current use
RESTAURANT
$1,515,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$910,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $915k (Apr 29 2025)
Last sale anchor
$915k
Apr 29 2025
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
$161 / 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
$541,000
Assessed 2023
Previous assessed
$541,000
+0.0% YoY
Assessed land
$215,000
Assessed improvement
$326,000
Land market value
$298,616
Improvement market value
$452,784
Total market value
$751,400
Applied tax rate
411,500.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,673 SF
Lot
3.3 ac (143,748 SF)
Zoning code
C-2
APN
415600 141.-2-14.114
UPID
US63-5701640
Jurisdiction
SARATOGA
Zoning & alternative use
C-2 · Saratoga Springs, NY
Zoning C-2 · permitted uses
C-2 · Saratoga Springs, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saratoga Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$910,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
333 Second Ave LLC
Entity
Mailing address
178 ELM ST, SARATOGA SPRINGS, NY 12866-4058
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
$915,000
333 Second Ave LLC
184 Edie Road LLC
Warranty Deed
$575,000 · Ballston Spa National Bank
May 12, 2008
—
184 Edie Road LLC
A & K Real Property LLC
Grant Deed
related
—
May 18, 2004
$813,300
A & K Reak Property LLC
Highbridge Development Gwb Ll
Warranty Deed
—
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.
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