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Property profile & analytics
FOR LEASE
Investment properties

221 W Circular St Saratoga Springs, NY 12866

5,992 SF 0.45 ac lot Built 1994
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US63-3792045
Property summary
AI-generated overview

This exceptional 5,900-square-foot flex space at 221 West Circular Street in Saratoga Springs, NY, presents a unique opportunity. The single-story building offers a flexible layout, ideal for a variety of uses, with a minimum divisible space of 2,500 square feet and up to 5,900 square feet contiguous. The property features a convenient loading dock, ample parking for 15 vehicles in a private fenced lot, and is situated on a 0.44-acre lot. Its prime location on a highly visible in-town street provides excellent accessibility, being just half a mile from I-87. The UR2 zoning allows for diverse permitted uses, including but not limited to neighborhood community establishments, small rooming houses, bed and breakfasts, children's homes, community centers, family day care homes, domestic violence shelters, educational facilities, inns, lodging houses, neighborhood community centers, places of worship, and private social clubs. Detailed zoning information is available upon request. This property is perfect for businesses seeking a versatile and well-located space in a thriving Saratoga Springs community. The building is well-maintained and ready for immediate occupancy.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1994
Total area 5,992 SF
Lot 0.45 ac (19,602 SF)
Zoning code UR2
APN 411501 165.73-2-47
UPID US63-3792045
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
$960k
CAP Approach CAP
$1.12M
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$920k
Owner & transaction history
221 West Circular St LLC · 2 yrs held
221 West Circular St LLC
since 2023
Last sale
$900,000
2 recorded transactions
2023
$900,000
2019
Price N/A
Zoning & alternative use
UR2 · Saratoga Springs, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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