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Property profile & analytics
OFF-MARKET
Estimated value
$2,915,000
Office buildings
2 Bayberry Dr Malta, NY 12020-6352
Entity Owned
16-yr Hold
Free & Clear
Property ID
US63-1008483
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
19,972 SF
Lot
4.18 ac (182,081 SF)
Zoning code
GC-3
APN
414089 229.8-1-3.1
UPID
US63-1008483
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
-
ChargeSmart EV Charging Station Electric Vehicle Charging Station
-
FedEx Drop Box Postal Service Courier Service
-
Tokyo Electron America Corporate Office
-
KLA Corporation (Malta, NY) Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$2.92M
Owner & transaction history
Hayes Dev Co INC · 16 yrs held
Hayes Dev Co INC
since 2010
7 recorded transactions
Zoning & alternative use
GC-3 · Malta, 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 Malta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malta 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
OFFICE BUILDING
$3,975,000
Current use
AUTO REPAIR, GARAGE
$3,210,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.92M
Range $2.62M – $3.21M · ±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
$146 / 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
$3,400,000
Assessed 2023
Previous assessed
$3,200,000
+6.3% YoY
Assessed land
$940,500
Assessed improvement
$2,459,500
Land market value
$940,500
Improvement market value
$2,459,500
Total market value
$3,400,000
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
2011
Heating
NONE
Buildings
1
Stories
2
Total area
19,972 SF
Lot
4.18 ac (182,081 SF)
Zoning code
GC-3
APN
414089 229.8-1-3.1
UPID
US63-1008483
Jurisdiction
SARATOGA
Zoning & alternative use
GC-3 · Malta, NYZoning GC-3 · permitted uses
GC-3 · Malta, 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
OFFICE BUILDING Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING Current
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
2011
Heating
NONE
Stories
2
Buildings
1
Lot
4.18 ac
Current owner
From public records · entity-resolved
Hayes Dev Co INC
Entity
Free & Clear · 16 yrs held
Mailing address
50 JENNA JO AVE, SARATOGA SPRINGS, NY 12866-9724
Ownership since
2010
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
May 21, 2014
—
Hayes Dev Co INC
—
Loan Modification, Consolidation And Extension
related
$3,600,000 · Adirondack Trust Co
May 5, 2010
—
Hayes Dev Co INC
Atlas Property Hldgs
Grant Deed
—
Jul 23, 2009
$230,000
Robert Hayes
Atlas Property Hldgs LLC
Grant Deed
—
Jul 23, 2009
—
Atlas Prop Hldgs LLC
Malta Ridge Dev Corp
Grant Deed
related
—
Jun 27, 2007
—
Atlas Property Holdings LLC
Wehrenberg,craig
Grant Deed
related
—
Oct 18, 2004
$175,000
Craig R Wehrenberg
Malta Ridge Dev Corp
Warranty Deed
—
—
—
Hayes Dev Co INC
—
Deed Of Trust
related
$1,576,913 · Adirondack Trust Co
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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