Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    271 Broadway, Unit 295 Saratoga Springs, NY 12866-4204
    Back to Search
    Property profile & analytics

    271 Broadway, Unit 295 Saratoga Springs, NY 12866-4204

    View on Map
    • Banks
    • 13,104 SF
    • 0.66 lot acres
    Off-Market
    Property ID
    US63-3172787
    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
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Banks

    Property Details for 271 Broadway

    Year built
    2003
    Lot size
    0.66 lot acres
    Property size
    13,104 SF
    Zone code
    C1
    Property type
    Banks
    APN
    411501 165.75-1-4.1
    APU
    41150116575141

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $886,000
      Market price range: $886k - $1.78M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.7868
    Latitude
    43.0778
    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
    $510,400
    $1,317,400
    $1,827,800
    -
    $981,538
    $2,533,462
    $3,515,000

    Comparable in this City

    • Value Estimation
      $800,000
      9,802 SF

      171 Broadway

      FINANCIAL BUILDING • 9,802 SF
      171 Broadway, Saratoga Springs, NY 12866-4532
      View Details
    • Value Estimation
      $550,000
      10,000 SF

      27 Division St

      FINANCIAL BUILDING • 10,000 SF
      27 Division St, Saratoga Springs, NY 12866-2132
      View Details
    • Value Estimation by Request
      8,874 SF

      Rt 50th S

      FINANCIAL BUILDING • 8,874 SF
      Rt 50th S, Saratoga Springs, NY 12866
      View Details
    • Value Estimation by Request
      473 SF

      37 Marion Ave

      FINANCIAL BUILDING • 473 SF
      37 Marion Ave, Saratoga Springs, NY 12866
      View Details
    • Value Estimation
      $965,000
      16,808 SF

      473 Broadway

      FINANCIAL BUILDING • 16,808 SF
      473 Broadway, Saratoga Springs, NY 12866-2203
      View Details
    • Value Estimation by Request
      3,732 SF

      3016 Rte 50

      FINANCIAL BUILDING • 3,732 SF
      3016 Rte 50, Saratoga Springs, NY 12866-2903
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,900 SF

      Saratoga Springs Mixed-Use Building

      Spacious 5900 SF building with warehouse, retail, and offices.
      221 W Circular St, Saratoga Springs, NY 12866
      View Details
    • $900,000
      15,000 SF

      Prime Saratoga Springs Mixed-Use Land

      Opportunity to build a 15,000 sqft mixed-use building.
      237 Washington St, Saratoga Springs, NY 12866
      View Details
    • Contact for pricing
      7,000 SF

      Leased Retail and Office Space

      Saratoga Springs investment opportunity with leased retail and office space.
      68 Ballston Ave, Saratoga Springs, NY 12866
      View Details
    • $750,000
      2,375 SF

      Downtown Saratoga Springs Commercial Condo

      Turn-key 2,375 SF commercial condo in downtown Saratoga Springs.
      18 Division St #103 Saratoga Spg, Saratoga Springs, NY 12866
      View Details
    • $800,000
      2,783 SF

      Saratoga Springs Corner Lot Opportunity

      Corner lot with development potential near Broadway.
      126 West Ave, Saratoga Springs, NY 12866
      View Details
    • $800,000
      2,783 SF

      Corner Lot Development Opportunity

      Prime corner lot suitable for mixed-use or commercial development.
      126 West Ave, Saratoga Springs, NY 12866
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo
      3,740 SF

      Saratoga Springs Retail/Office Space

      Newer building near downtown, suitable for retail or office use.
      146 S Broadway, Saratoga Springs, NY 12866
      View Details
    • $21 SF/Yr
      16,800 SF

      Commercial Units in Saratoga Springs

      New commercial units available for business, retail, and restaurant use.
      610 Maple Ave, Saratoga Springs, NY 12866
      View Details
    • $2,250 /Mo
      9,148 SF

      Corner Office or Retail Space

      Second-floor space suitable for office or retail use.
      433 Broadway, Saratoga Springs, NY 12866
      View Details
    • $6,750 /Mo
      2,100 SF

      Prime Retail Space on Broadway

      Downtown Saratoga Springs retail space available for lease.
      421 Broadway, Saratoga Springs, NY 12866
      View Details
    • Contact for pricing

      Saratoga Springs Land Opportunity

      Land available near Saratoga Race Track with ample parking.
      200 Ny-50, Saratoga Springs, NY 12866
      View Details
    • $21 SF/Yr
      16,800 SF

      Commercial Units in Growing Corridor

      Versatile commercial spaces suitable for business, retail, and restaurant use.
      610 Maple Ave, Saratoga Springs, NY 12866
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    271 Broadway, Unit 295
    Saratoga Springs, NY 12866-4204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    271 Broadway, Saratoga Springs, NY, 12866
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!