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    Property profile & analytics

    2215 Rte 9th 9 Mechanicville, NY 12118-3021

    • Auto shops
    • 3,681 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Feb 03, 2023
    $630,000
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2712747
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 2215 Rte 9th 9

    Year built
    1970
    Lot size
    0.63 lot acres
    Property size
    3,681 SF
    Zone code
    C10
    Property type
    Auto shops
    APN
    414089 240.20-1-19
    APU
    41408924020119

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $640,000
      ML approach
      $640,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $863,000
      Market price range: $232k - $977k
      AI Estimate
      $771,000
      Market price range: $206k - $771k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $590,000
      Current use
      OFFICE BUILDING
      $735,000
      Change: +24% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicville
    County
    Saratoga
    State
    New York
    Longitude
    -73.7889
    Latitude
    42.9416
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $151,000
    $249,000
    $400,000
    -
    $151,000
    $249,000
    $400,000

    Comparable in this City

    • Value Estimation by Request
      1,476 SF

      254 County Rte 75

      AUTO REPAIR, GARAGE • 1,476 SF
      254 County Rte 75, Mechanicville, NY 12118
      View Details
    • Value Estimation by Request
      3,511 SF

      529 Main St

      AUTO REPAIR, GARAGE • 3,511 SF
      529 Main St, Mechanicville, NY 12118-3809
      View Details
    • Value Estimation by Request
      3,080 SF

      211 Fellows Rd

      AUTO REPAIR, GARAGE • 3,080 SF
      211 Fellows Rd, Mechanicville, NY 12118-3731
      View Details
    • Value Estimation
      $740,000
      5,184 SF

      258 2nd Ave

      AUTO REPAIR, GARAGE • 5,184 SF
      258 2nd Ave, Mechanicville, NY 12118
      View Details
    • Value Estimation by Request
      1,534 SF

      2354 Rte 9th 9

      AUTO REPAIR, GARAGE • 1,534 SF
      2354 Rte 9th 9, Mechanicville, NY 12118
      View Details
    • Value Estimation by Request
      1,104 SF

      2370 Rte 9th 9

      AUTO REPAIR, GARAGE • 1,104 SF
      2370 Rte 9th 9, Mechanicville, NY 12118
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Retail Build to Suit Opportunity

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      Main Street Retail/Office Opportunity

      Prime Mechanicville location suitable for retail, office, or restaurant.
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    • $89,000
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      Mechanicville Retail/Office Investment Opportunity

      Prime Main Street location with versatile commercial zoning.
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    Similar Nearby for Lease

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      Mechanicville Retail Opportunity For Rent

      Retail space for rent with large parking lot.
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    • $1.00 SF/Yr

      Mechanicville Retail/Office Space Available

      Retail or office space for rent in Mechanicville, NY.
      114 Park Ave Ave, Mechanicville, NY 12118
      View Details
    • $1.00 SF/Yr
      34,140 SF

      Retail Space with Drive-Thru

      4,000 SF retail space with existing drive-thru available for rent.
      2452 Route 9, Mechanicville, NY 12118
      View Details
    • $14 SF/Yr
      6,320 SF

      Malta Office Space for Lease

      Versatile Office Suites, 1,000-2,000 SF
      2374 Us-9, Mechanicville, NY 12118
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    • $16 SF/Yr
      28,036 SF

      Class A Medical Office Space in Malta, NY

      Prime Medical Office Suite - 4,067 SF Available
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    • Contact for pricing
      1,500 SF

      Mechanicville Flex Space For Rent

      Flex space / offices available for rent in Mechanicville.
      860 Hudson River Rd, Mechanicville, NY 12118
      View Details
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    Mechanicville, NY 12118-3021
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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