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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
2 Bloomfield Rd, Saratoga Springs, NY 12866
Entity Owned
Absentee Owner
Free & Clear
Property ID
US63-5039786
Property summary
AI-generated overview
This exceptional 42.79-acre property, known as the historic Whitney Polo Field, presents a unique investment opportunity in Saratoga Springs, NY. Located at 2 Bloomfield Rd, 12866, this landmark equestrian property is one of the four oldest polo fields in the United States. The property boasts an approved mixed-use Planned Unit Development (PUD) allowing for up to 284,000 square feet of development. Permitted uses include approximately 90+ residential units, a boutique hotel, spa, restaurant(s), and a banquet facility. All engineering is nearing completion. The existing infrastructure includes an event venue currently hosting weddings and corporate events, along with an established equestrian polo attraction and clubhouse. The property benefits from its prime location, minutes from downtown Saratoga Springs and the Saratoga Racetrack, attracting millions of visitors annually. Utilities include on-site gas, electric, well, and septic
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1987
Total area
960 SF
Lot
42.79 ac (1,863,932 SF)
Zoning code
LDR
APN
413400 152.-1-106
UPID
US63-5039786
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Paddock Vw Dev LLC
Paddock Vw Dev LLC
since 2025
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
LDR · Saratoga Springs, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,250,000
Assessed 2023
Previous assessed
$1,250,000
+0.0% YoY
Assessed land
$717,300
Assessed improvement
$532,700
Land market value
$1,024,714
Improvement market value
$761,000
Total market value
$1,785,714
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
3
Stories
1
Total area
960 SF
Lot
42.79 ac (1,863,932 SF)
Zoning code
LDR
APN
413400 152.-1-106
UPID
US63-5039786
Jurisdiction
SARATOGA
Zoning & alternative use
LDR · Saratoga Springs, NY
Zoning LDR · permitted uses
LDR · 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.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Buildings
3
Lot
42.79 ac
Current owner
From public records · entity-resolved
Paddock Vw Dev LLC
Entity
Free & Clear · 0 yrs held
Mailing address
494 WESTERN TPKE, ALTAMONT, NY 12009-2007
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
$3,500,000
Paddock Vw Dev LLC
Ctg Polo LLC
Warranty Deed
—
Oct 26, 2016
—
Green Fields Dev LLC
—
Deed
related
$1,111,706 · Pioneer Svgs Bk
May 10, 2004
$98,000
Green Fields Development LLC
Saratogapolo INC
Warranty Deed
—
—
—
Green Fields Dev LLC
—
Deed Of Trust
related
$199,000 · First Nat'l Bk/scotia
—
—
Green Fields Dev LLC
—
Loan Modification
related
$3,200,000 · Pioneer Svgs Bk
—
—
Green Fields Dev LLC
—
Deed Of Trust
related
$1,111,706 · Pioneer Svgs Bk
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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