Property profile

3040 Rte 50 Saratoga Springs, NY 12866

OFF-MARKET
Medical Office Space
Property ID
US63-0356632
42,840 SF 8.07 ac lot Built 1976
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1976
Total area 42,840 SF
Lot 8.07 ac (351,529 SF)
Zoning code C-1
APN 415600 153.-3-116
UPID US63-0356632

Cap rate & NOI

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

Location

3040 Rte 50 Saratoga Springs, NY 12866-3073
Saratoga Springs metro Census 60704 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.62M
Blend (final) Blend
$4.69M

Owner & transaction history

since 2008
5 recorded transactions
2014
Price N/A
2008
Price N/A
2008
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Saratoga Springs, NY
Top alternative use upside
Commercial (general) $5.0M +74.2%
Restaurant $5.0M +73.1%
Auto repair, garage $4.1M +43.3%

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
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