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    231 Saratoga Rd Glenville, NY 12302
    Property profile & analytics

    231 Saratoga Rd Glenville, NY 12302

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    • Turn key restaurants
    • 2,360 SF
    • 0.67 lot acres
    For Sale
    $2,000,000
    View Listing →
    Chipotle Restaurant Investment Opportunity For Sale
    $2,000,000
    2,338 SF

    Chipotle Restaurant Investment Opportunity

    NNN leased Chipotle in Glenville, NY with long-term income.

    231 Saratoga Rd, Glenville, NY 12302
    View Listing
    Property ID
    US63-5401356
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chipotle / Restaurant
    • Chipotle Mexican Grill / Restaurant

    Property Details for 231 Saratoga Rd

    Year built
    2021
    Lot size
    0.67 lot acres
    Property size
    2,360 SF
    Zone code
    CON
    Property type
    Turn key restaurants
    APN
    422289 22.11-3-18
    APU
    4222892211318

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $554,000
      Market price range: $136k - $555k
      AI Estimate
      $351,000
      Market price range: $130k - $351k

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9332
    Latitude
    42.8668
    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
    $400,000
    $814,285
    $1,214,285
    -
    $588,235
    $1,197,478
    $1,785,713

    Comparable in this City

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      40 Mohawk Ave

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      2 Freemans Brg Rd

      RESTAURANT • 9,793 SF
      2 Freemans Brg Rd, Glenville, NY 12302-3604
      View Details
    • Value Estimation
      $750,000
      3,180 SF

      4 Freemans Brg Rd

      RESTAURANT • 3,180 SF
      4 Freemans Brg Rd, Schenectady, NY 12302-3604
      View Details
    • Value Estimation by Request
      912 SF

      181 Freemans Brg Rd

      RESTAURANT • 912 SF
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      View Details
    • Value Estimation by Request
      4,164 SF

      654 Saratoga Rd

      RESTAURANT • 4,164 SF
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,338 SF

      Chipotle Restaurant Investment Opportunity

      NNN leased Chipotle in Glenville, NY with long-term income.
      231 Saratoga Rd, Glenville, NY 12302
      View Details
    • $379,000
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      Commercial Building on Amsterdam Road

      4500 SF building in high-traffic Schenectady location.
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      Glenville Mixed-Use Building For Sale

      Mixed-use building with retail space, apartment, and high visibility.
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    • $725,000

      Fully Leased Retail Strip Center

      Investment opportunity: fully leased retail strip in prime location.
      272 Saratoga Rd, Glenville, NY 12302
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      Mixed-Use Retail/Warehouse Building For Sale

      Versatile 4,400 SF mixed-use building in high-traffic location.
      3304 Amsterdam Rd, Schenectady, NY 12302
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    • $7,900,000
      11,945 SF

      NNN Lease CVS Pharmacy

      CVS Pharmacy with long-term absolute NNN lease.
      241 Mohawk Ave, Scotia, NY 12302
      View Details

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    • Contact for pricing

      Restaurant Building with River Views

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      41,817 SF

      High-Visibility Retail Space Available

      Retail space with drive-thru potential on heavily-trafficked Route 50.
      126 Saratoga Rd, Schenectady, NY 12302
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      2,500 SF

      Redeveloped Fire House Cafe Space

      Cafe space for lease in redeveloped fire house.
      460 Saratoga Rd, Schenectady, NY 12302
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      Restaurant/Bar/Banquet Opportunity For Rent

      Restaurant, bar, and banquet space available for lease.
      140 Freemans Bridge Rd, Glenville, NY 12302
      View Details
    • Contact for pricing
      1,191 SF

      Retail Space on Saratoga Road

      Retail space available in a busy, well-maintained plaza.
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      View Details
    • $3,200 /Mo
      2,481 SF

      Renovated Commercial Space Near Saratoga

      Turn-key, renovated commercial space on a large lot.
      135 Freemans Bridge Rd, Glenville, NY 12302
      View Details
    View Listing
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    231 Saratoga Rd
    Glenville, NY 12302
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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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    231 Saratoga Rd, Glenville, NY, 12302
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