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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2381 Rte 9th 9 Mechanicville, NY 12118-3902

    • Investment properties
    • 57,920 SF
    • 4.95 lot acres
    OFF-MARKET
    Value Estimations
    $5,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2979338
    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

    • Investment properties

    Property Details for 2381 Rte 9th 9

    Year built
    1960
    Lot size
    4.95 lot acres
    Property size
    57,920 SF
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    414089 240.-2-7
    APU
    41408924027

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,791,000
      Market price range: $2.43M - $6.89M
      AI Estimate
      $4,681,000
      Market price range: $2.96M - $6.89M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,625,000
      Current use
      WAREHOUSE, STORAGE
      $5,170,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicville
    County
    Saratoga
    State
    New York
    Longitude
    -73.7894
    Latitude
    42.9597
    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
    $1,113,800
    $1,836,200
    $2,950,000
    -
    $1,113,800
    $1,836,200
    $2,950,000

    Comparable in this City

    • Value Estimation by Request
      2,250 SF

      34 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,250 SF
      34 Main St, Mechanicville, NY 12118-1929
      View Details
    • Value Estimation
      $835,000
      9,767 SF

      89 12th N Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,767 SF
      89 12th N Main St, Mechanicville, NY 12118-1902
      View Details
    • Value Estimation by Request
      3,274 SF

      114 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,274 SF
      114 Park Ave, Mechanicville, NY 12118-2317
      View Details
    • Value Estimation by Request
      1,640 SF

      2360 Rte 9th 9

      OFFICE/RESIDENTIAL (MIXED USE) • 1,640 SF
      2360 Rte 9th 9, Mechanicville, NY 12118-3022
      View Details
    • Value Estimation by Request
      3,461 SF

      303 2nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,461 SF
      303 2nd Ave, Mechanicville, NY 12118-1405
      View Details
    • Value Estimation by Request
      5,920 SF

      308 5th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,920 SF
      308 5th Ave, Mechanicville, NY 12118-1441
      View Details

    Similar Nearby for Sale

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      Versatile Land Near Malta Tech Park

      29.77 acres near Malta Tech Park with development potential.
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      Prime Commercial Land in Mechanicville

      Commercial land in a main business district with redevelopment potential.
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      34,140 SF

      Retail Space with Drive-Thru

      4,000 SF retail space with existing drive-thru available for rent.
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    • $1.00 SF/Yr
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      Mixed-Use Build to Suit Opportunity

      Build to suit opportunity in a quickly growing market.
      2409 Route 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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    • $14 SF/Yr
      7,571 SF

      Mechanicville Office Space For Rent

      Office suite available with reception, offices, and conference room.
      2374 Route 9, Mechanicville, NY 12118
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    • $1.00 SF/Yr
      50,000 SF

      New Industrial Suites For Rent

      New industrial suites available with overhead doors and docks.
      113 Tabor Rd, Mechanicville, NY 12118
      View Details
    • $750 /Mo

      Storage Building with Sliding Door

      900 SF storage building with 14' sliding door.
      164 Route 67, Mechanicville, NY 12118
      View Details
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    2381 Rte 9th 9
    Mechanicville, NY 12118-3902
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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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