Property profile

248 Broadway Saratoga Springs, NY 12866

OFF-MARKET
Motels
Property ID
US63-0423720
9,080 SF 0.52 ac lot Built 1970
Entity Owned 4-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1970
Total area 9,080 SF
Lot 0.52 ac (22,651 SF)
Zoning code C3
APN 411501 165.75-2-4
UPID US63-0423720

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Tour Operator

Location

248 Broadway Saratoga Springs, NY 12866-4205
Saratoga Springs metro Census 61001 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.46M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.18M
Blend (final) Blend
$4.47M

Owner & transaction history

since 2022
Last sale
$3.5M
1 recorded transaction
2022
$3.6M

Zoning & alternative use

C3 · Saratoga Springs, NY
Top alternative use upside
Commercial (general) $2.6M +26.6%
Restaurant $2.4M +19.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 248 Broadway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message