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    2535 Rte 9th 9 Ballston Spa, NY 12020
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    Property profile & analytics

    2535 Rte 9th 9, Ballston Spa, NY 12020

    View on Map
    • Investment properties
    • 13,468 SF
    • 1.87 lot acres
    Off-Market
    Property ID
    US63-4142341
    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
    $2,835,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2535 Rte 9th 9

    Year built
    2010
    Lot size
    1.87 lot acres
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    414089 229.4-1-26.1
    APU
    41408922941261

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 30, 2015 $8,993,000 Lej Realty Holdings LLC Charlie Pezzente Realty LLC Grant Deed —
    Nov 15, 2010 $5,900,000 Charlie Pezzente Realty LLC Malta Properties I LLC Trustees Deed —
    Mar 12, 2009 $1,250,000 Malta Properties I LLC Constantine,paul Grant Deed —
    Mar 12, 2009 $950,000 Malta Properties I LLC Constantine,paul Grant Deed —
    — — Columbia Malta 2539 LLC — Deed Of Trust · related $3.8M · First Niagara Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,725,000
      6.5%
      $2,515,000
      7%
      $2,340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,664,000
      Market price range: $1.21M - $3.66M
      AI Estimate
      $2,317,000
      Market price range: $837k - $2.32M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,085,000
      Current use
      RESTAURANT
      $3,600,000
      Change: +72% Conversion: Difficult
      OFFICE BUILDING
      $2,680,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,165,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ballston Spa
    County
    Saratoga
    State
    New York
    Longitude
    -73.7909
    Latitude
    42.9735
    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
    $420,800
    $4,179,200
    $4,600,000
    -
    $420,800
    $4,179,200
    $4,600,000

    Comparable in this City

    • Value Estimation by Request
      1,764 SF

      1429 High St

      STORE/OFFICE (MIXED USE)
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    • Value Estimation
      $755,000
      2,800 SF

      2505 Rte 9th 9

      STORE/OFFICE (MIXED USE)
      2505 Rte 9th 9, Ballston Spa, NY 12020
      View Details
    • Value Estimation
      $515,000
      2,800 SF

      128-132 Dunning St

      STORE/OFFICE (MIXED USE)
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    • Value Estimation
      $800,000
      8,640 SF

      1118 Middleline Rd

      STORE/OFFICE (MIXED USE)
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      View Details
    • Value Estimation
      $705,000
      3,985 SF

      2639 Rte 9th 9

      STORE/OFFICE (MIXED USE)
      2639 Rte 9th 9, Ballston Spa, NY 12020
      View Details
    • Value Estimation by Request
      3,220 SF

      3 Ss St

      STORE/OFFICE (MIXED USE)
      3 Ss St, Ballston Spa, NY 12020-1001
      View Details

    Similar Nearby for Sale

    • $3,825,000
      5.29 Acres

      1 Hemphill Pl, Malta, NY 12020

      Mixed-use properties
      1 Hemphill Pl, Malta, NY 12020
      View Details
    • $599,900
      3,048 SF

      Mixed-Use Building in Ballston Spa

      Mixed-use property with retail and residential units in Ballston Spa.
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      Land For Sale

      0.92 acre land available for purchase.
      131 Dunning St, Ballston Spa, NY 12020
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    • $2,390,000
      3,360 SF

      Modern Multifamily Property in Ballston

      Fully leased, 10-unit multifamily property built in 2022.
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      Remodeled Salon with Dog Wash

      Remodeled salon with parking, tanning booths, and dog wash.
      426 Geyser Rd, Ballston Spa, NY 12020
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    • $990,000
      2.79 Acres

      Prime Route 9 Redevelopment Site

      2.79 acres on Route 9, ideal for commercial development.
      2595-2599 S 9, Malta, NY 12020
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Space Available

      Newly renovated office space with private offices for rent.
      2903 State Route 9, Ballston Spa, NY 12020
      View Details
    • Contact for pricing
      3,000 SF

      Office Space Near Global Foundries

      Office and retail spaces available near Global Foundries Tech Park.
      1000 Saratoga Blvd, Malta, NY 12020
      View Details
    • Contact for pricing
      5,750 SF

      Flex Space in Saratoga Technology Park

      Flex building with warehouse and office space for lease.
      20 Tech Trl, Ballston Spa, NY 12020
      View Details
    • $18 SF/Yr
      19,137 SF

      Renovated Office Space Available

      Newly renovated +/- 750 SF office space with private offices.
      2903 Rte 9, Ballston Spa, NY 12020
      View Details
    • $4,267 /Mo
      5,595 SF

      New Retail Space in Ballston

      New construction retail space available for lease in Ballston.
      230 Church Ave, Ballston Spa, NY 12020
      View Details
    • $15 SF/Yr
      71,003 SF

      Ballston Spa Light Industrial Space

      Light industrial space available in Ballston Spa, NY.
      1 Charlton Rd, Ballston Spa, NY 12020
      View Details
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    Ballston Spa, NY 12020
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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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