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Property profile & analytics
OFF-MARKET Estimated value $760,000
Office buildings

2 Old Stonebreak Rd Ballston Spa, NY 12020-4901

5,432 SF 2.62 ac lot Built 1979
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US63-6199076
Property summary
AI-generated overview

This exceptional Class A, 2,400 square foot office and industrial property is situated on a 2.62-acre lot in the desirable Luther Forest submarket of Saratoga County. Built in 1979, this single-story building offers a versatile layout perfect for a variety of businesses. The space includes a reception area, seven offices or conference rooms, two bathrooms, and a break room. Ample parking is available, accommodating both cars and trucks, with a total of 15 spaces. The property boasts a 243-foot frontage on Route 9, near the intersection with Stonebreak, providing excellent visibility and accessibility. Conveniently located minutes from exits 11 and 12 of I-87, this property offers easy access to major transportation routes. The building features an 8-foot ceiling height and a 200 AMP power supply. While the listed square footage is 2,400, an additional approximately 600 square feet of usable basement space is available for storage. The property is zoned for office buildings and is offered as a single-tenant occupancy. The APN is 229-3-55. Discussions regarding space customization for long-term tenants are welcome. This is a rare opportunity to secure a well-located, versatile property in a thriving business community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 5,432 SF
Lot 2.62 ac (114,127 SF)
Zoning code PDD
APN 414089 229.-3-55
UPID US63-6199076
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
  • Luther Forest Corporation Construction Company General Contractor
  • Saratoga Water Services Water Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$760k
Owner & transaction history
2 Old Stonebreak LLC · 7 yrs held
2 Old Stonebreak LLC
since 2019
3 recorded transactions
2019
$248,500
2007
$328,600
2004
$96,000
Zoning & alternative use
PDD · Ballston Spa, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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