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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
199 Milton Ave Ballston Spa, NY 12020-1454
Individually Owned
19-yr Hold
Free & Clear
Property ID
US63-6232051
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1875
Total area
5,818 SF
Lot
0.61 ac (26,572 SF)
Zoning code
CBD
APN
414201 216.24-2-70
UPID
US63-6232051
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
-
Alyson Clark Law Law Firm
-
M & M Consulting Business Management Consultant
-
CAPITAL DISTRICT RESPITE, INC Corporate Office
-
Zapp Insurance Agency Insurance Agency
-
Village Photo Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$600k
Owner & transaction history
Rory O'connor · 19 yrs held
Rory O'connor
since 2006
7 recorded transactions
Zoning & alternative use
CBD · Ballston Spa, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ballston Spa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ballston Spa 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$935,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$103 / 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
$360,000
Assessed 2023
Previous assessed
$360,000
+0.0% YoY
Assessed land
$75,000
Assessed improvement
$285,000
Land market value
$107,296
Improvement market value
$407,725
Total market value
$515,021
Applied tax rate
414,201.0000
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
1875
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
5,818 SF
Lot
0.61 ac (26,572 SF)
Zoning code
CBD
APN
414201 216.24-2-70
UPID
US63-6232051
Jurisdiction
SARATOGA
Zoning & alternative use
CBD · Ballston Spa, NYZoning CBD · permitted uses
CBD · Ballston Spa, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$935,000
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
1875
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Rory O'connor
Individual
Free & Clear · 19 yrs held
Mailing address
199 MILTON AVE, BALLSTON SPA, NY 12020-1454
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2018
—
Rory O'connor
—
Deed
related
—
May 11, 2017
—
199 Milton Associates LLC
—
Deed
related
$65,000 · Adirondack Trust Co
Sep 26, 2006
$335,000
Rory O'connor
Fraternal Temple Bldg
Warranty Deed
—
—
—
199 Milton Associates LLC
—
Deed Of Trust
related
$65,000 · Adirondack Trust Co
—
—
199 Milton Ave Associates LLC
—
Loan Modification
related
—
—
—
Rory O'connor
—
Loan Modification
related
—
—
—
199 Milton Aveassociates LLC
—
Loan Modification
related
—
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.
Try Rey
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