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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    308 Grooms Rd Halfmoon, NY 12065-6211

    • Office buildings
    • 2,094 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5623270
    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

    • Thomas Rupert - State Farm Insurance Agent / Insurance Agency

    Property Details for 308 Grooms Rd

    Year built
    2008
    Lot size
    1.08 lot acres
    Property size
    2,094 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Office buildings
    APN
    413800 278.14-4-10
    APU
    41380027814410

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Halfmoon
    County
    Saratoga
    State
    New York
    Longitude
    -73.7607
    Latitude
    42.8385
    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
    $55,800
    $130,100
    $185,900
    -
    $131,294
    $306,118
    $437,412

    Comparable in this City

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      1,707 SF

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      1515 Rte 9th 9, Halfmoon, NY 12065-6597
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    • Value Estimation
      $2,820,000
      18,802 SF

      5 Chelsea Pl

      OFFICE BUILDING • 18,802 SF
      5 Chelsea Pl, Clifton Park, NY 12065-3200
      View Details
    • Value Estimation
      $2,905,000
      25,362 SF

      28 Corporate Dr

      OFFICE BUILDING • 25,362 SF
      28 Corporate Dr, Halfmoon, NY 12065-8688
      View Details
    • Value Estimation by Request
      156,647 SF

      5 Maxwell Dr

      PROFESSIONAL BUILDING • 156,647 SF
      5 Maxwell Dr, Clifton Park, NY 12065-2937
      View Details
    • Value Estimation
      $2,040,000
      14,698 SF

      713 Pierce Rd

      PROFESSIONAL BUILDING • 14,698 SF
      713 Pierce Rd, Clifton Park, NY 12065-1302
      View Details
    • Value Estimation by Request
      4,424 SF

      939 Rte 146

      OFFICE BUILDING • 4,424 SF
      939 Rte 146, Clifton Park, NY 12065-3629
      View Details

    Similar Nearby for Sale

    • $1,200,000
      1.24 Acres

      Halfmoon Office Building For Sale

      8,692 SF professional office building for sale in Halfmoon, NY.
      30 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $1,600,000

      Office Building For Sale

      Office building with great potential for an owner-user.
      14 Corporate Dr, Halfmoon, NY 12065
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    • $1,200,000
      3,085 SF

      Medical Office Building For Sale

      Medical office building with vacant space in Clifton Park, NY.
      2 Chelsea Pl, Clifton Park, NY 12065
      View Details
    • $1,550,000
      16,356 SF

      Halfmoon Office Building For Sale

      ±16,356 SF Office Building, Ideal Owner/User
      14 Corporate Dr, Halfmoon, NY 12065
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    • $790,000
      2.25 Acres

      Latham, NY Medical Office Complex

      Prime 2.25-acre medical/office opportunity.
      9 Emma Ln, Latham, NY 12065
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    • $1,700,000
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      Clifton Park Office/Warehouse Building

      Office/warehouse building in excellent condition, moments from Exit 10.
      747 Pierce Rd, Clifton Park, NY 12065
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      58,422 SF

      Class A Office Space Available

      Premier Class A office space for rent in Halfmoon, NY.
      1712 Route 9, Halfmoon, NY 12065
      View Details
    • $20 SF/Yr
      25,000 SF

      Premier Medical Office Space Available

      Class A office building in Clifton Park, NY for rent.
      648 Plank Rd, Clifton Park, NY 12065
      View Details
    • $20 SF/Yr
      25,308 SF

      Premier Medical Office Space Available

      Class A office building in Clifton Park, NY for lease.
      648 Plank Rd, Clifton Park, NY 12065
      View Details
    • $1.00 SF/Yr
      30,312 SF

      Clifton Park Professional Office Building

      Professional office building with suites available for rent in Clifton Park.
      1 Barney Rd, Clifton Park, NY 12065
      View Details
    • $12 SF/Yr
      16,356 SF

      Halfmoon Office Space Available

      Office space with suites, reception, and bath available for rent.
      14 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $23 SF/Yr
      44,767 SF

      Medical Suite in Clifton Park

      Medical suite available for lease in Clifton Park, NY.
      646 Plank Rd, Clifton Park, NY 12065
      View Details
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    308 Grooms Rd
    Halfmoon, NY 12065-6211
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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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