Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2816 State Rte 9th 9 Malta, NY 12020-4208

    • Medical Office Space
    • 8,377 SF
    • 5.59 lot acres
    OFF-MARKET
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2271083
    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

    • Medical Office Space

    Property Details for 2816 State Rte 9th 9

    Year built
    2020
    Lot size
    5.59 lot acres
    Property size
    8,377 SF
    Zone code
    C7
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    414089 204.4-2-22
    APU
    4140892044222

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $903,000
      Market price range: $149k - $904k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $990,000
      RESTAURANT
      $955,000
      AUTO REPAIR, GARAGE
      $695,000
      OFFICE BUILDING
      $590,000
      WAREHOUSE, STORAGE
      $580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Malta
    County
    Saratoga
    State
    New York
    Longitude
    -73.7909
    Latitude
    43.0094
    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
    $204,800
    $2,045,200
    $2,250,000
    -
    $204,800
    $2,045,200
    $2,250,000

    Comparable in this City

    • Value Estimation by Request
      2,610 SF

      994 High St

      MEDICAL CLINIC • 2,610 SF
      994 High St, Ballston Spa, NY 12020
      View Details
    • Value Estimation by Request
      2,281 SF

      25 Mayapple Way

      MEDICAL CLINIC • 2,281 SF
      25 Mayapple Way, Malta, NY 12020-4390
      View Details
    • Value Estimation by Request
      1,765 SF

      82 Mdw Rue Pl

      MEDICAL CLINIC • 1,765 SF
      82 Mdw Rue Pl, Malta, NY 12020-4366
      View Details
    • Value Estimation by Request
      4,266 SF

      112 Cramer Rd

      MEDICAL CLINIC • 4,266 SF
      112 Cramer Rd, Malta, NY 12020-4322
      View Details
    • Value Estimation
      $1,965,000
      58,334 SF

      26 Rockrose Way

      MEDICAL CLINIC • 58,334 SF
      26 Rockrose Way, Malta, NY 12020-2152
      View Details
    • Value Estimation by Request
      4,148 SF

      2818 State Rte 9th 9

      MEDICAL CLINIC • 4,148 SF
      2818 State Rte 9th 9, Ballston Spa, NY 12020
      View Details

    Similar Nearby for Sale

    • $634,999
      2,400 SF

      Remodeled Salon with Ample Parking

      Fully remodeled salon with parking, equipment, and potential drive-through.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • Contact for pricing
      153,507 SF

      Former Nursing Facility on 15.83 Acres

      257-bed former nursing facility suitable for redevelopment.
      149 Ballston Ave, Ballston Spa, NY 12020
      View Details
    • Contact for pricing
      2,400 SF

      Remodeled Salon with Dog Wash

      Remodeled salon with parking, tanning booths, and dog wash.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • $634,999

      Remodeled Salon with Dog Wash

      Remodeled salon with parking, tanning booths, and dog wash.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • $5,900,000
      28,036 SF

      Medical/Professional Building Near I-87

      26,000+ SF medical/professional building in park-like setting near I-87.
      2388 Us-9, Malta, NY 12020
      View Details
    • $759,000
      8,640 SF

      Mixed-Use Building with Rental Apartments

      Versatile commercial building with warehouse, office, and apartments.
      1118 Middleline Rd, Ballston Spa, NY 12020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      131,572 SF

      Malta Center: Retail Opportunity

      Prime Route 9 Retail Space, 10 Units Available
      2545 Us-9, Malta, NY 12020
      View Details
    • Contact for pricing
      34,140 SF

      Malta, NY Office Space for Lease

      Prime Route 9 location, 4,430 sq ft available.
      2452 Us-9, Malta, NY 12020
      View Details
    • Contact for pricing
      2,400 SF

      Versatile Commercial Space For Rent

      Adaptable space suitable for office, salon, wellness, or retail ventures.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • $3,000 /Mo
      2,400 SF

      Versatile Commercial Space in Ballston Spa

      Adaptable space for office, salon, wellness, or retail use.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • $11 SF/Yr
      108,285 SF

      Malta Executive Office Space

      Class A Office Suites, Flexible Lease Terms
      107 Hermes Rd, Malta, NY 12020
      View Details
    • $1.00 SF/Yr

      Office and Warehouse Space Available

      Office and warehouse suites for rent in Ballston Spa.
      107 Hermes Rd, Ballston Spa, NY 12020
      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.
    2816 State Rte 9th 9
    Malta, NY 12020-4208
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!