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

    308 Ushers Rd Ballston Lake, NY 12019-1515

    • Banks
    • 2,709 SF
    • 1.95 lot acres
    OFF-MARKET
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2489401
    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

    • Trustco Bank / Mortgage Lender / Atm
    • ATM (Trustco Bank) / Atm
    • Fincadia Tax Services / Tax Preparation / Tax Preparation Service
    • Small Business Accounting & Bookkeeping - Fincadia / Bookkeeping Service / Accountant
    • Tax Accountant- Fincadia / Accountant / Accounting Firm

    Property Details for 308 Ushers Rd

    Year built
    1972
    Lot size
    1.95 lot acres
    Property size
    2,709 SF
    Zone code
    06 - INDUSTRIAL
    Property type
    Banks
    APN
    412400 259.-2-59
    APU
    412400259259

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $183,000
      Market price range: $183k - $367k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $260,000
      Current use
      AUTO REPAIR, GARAGE
      $295,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $280,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ballston Lake
    County
    Saratoga
    State
    New York
    Longitude
    -73.7917
    Latitude
    42.9021
    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
    $118,700
    $278,600
    $397,300
    -
    $304,359
    $714,359
    $1,018,718

    Comparable in this City

    • Value Estimation
      $335,000
      2,500 SF

      320-322 Ruhle S Rd

      FINANCIAL BUILDING • 2,500 SF
      320-322 Ruhle S Rd, Ballston Lake, NY 12019
      View Details
    • Value Estimation
      $315,000
      2,312 SF

      43 Round Lk Rd

      FINANCIAL BUILDING • 2,312 SF
      43 Round Lk Rd, Ballston Lake, NY 12019-1182
      View Details
    • Value Estimation
      $330,000
      10,000 SF

      881 State Rte 50

      SHOW ROOM, WAREHOUSE • 10,000 SF
      881 State Rte 50, Ballston Lake, NY 12019
      View Details
    • Value Estimation
      $265,000
      3,128 SF

      16 Main St

      SHOW ROOM, WAREHOUSE • 3,128 SF
      16 Main St, Ballston Lake, NY 12019-2014
      View Details
    • Value Estimation
      $265,000
      1,950 SF

      26 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,950 SF
      26 Main St, Ballston Lake, NY 12019-2017
      View Details
    • Value Estimation
      $310,000
      3,200 SF

      10 Round Lk Rd

      SERVICE STATION WITH FOOD MART • 3,200 SF
      10 Round Lk Rd, Ballston Lake, NY 12019-1127
      View Details

    Similar Nearby for Sale

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      Turn-Key Ice Cream Business Opportunity

      Profitable ice cream business for sale or redevelopment opportunity.
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      Established Salvage Yard For Sale

      Turn-key salvage yard business with licenses, rentals, equipment, and inventory.
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    • $1,495,000
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      Residential Land in Ballston Lake

      85+ acre residential development land with frontage and cleared areas.
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    • $595,000
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      Ballston Lake Office For Sale

      Office property for sale in Ballston Lake, New York.
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    • $179,000

      Prime 5.4-Acre Commercial Land

      Build your dream project in Burnt Hills, NY.
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    Similar Nearby for Lease

    • $2,400 /Mo
      6,400 SF

      Corner Office/Retail Space Available

      2000 sq.ft. office/retail space with great exposure.
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      View Details
    • $2,000 /Mo
      10,980 SF

      Retail Space in Malta, NY

      Retail space available in Malta, NY near Exit 11.
      146 Raylinsky Rd, Malta, NY 12019
      View Details
    • $4,000 /Mo
      7,022 SF

      Turnkey Restaurant & Bar Opportunity

      5,020 SF turnkey restaurant and bar available for lease.
      17 Main St, Ballston, NY 12019
      View Details
    • $12 SF/Yr
      71,106 SF

      Ushers Road Office Building Investment

      Prime Saratoga County Office Space Available
      313 Ushers Rd, Ballston Lake, NY 12019
      View Details
    • $9 SF/Yr
      7,750 SF

      Ballston Lake Industrial Space

      Industrial property available for rent in Ballston Lake, NY.
      318 Ushers Rd, Ballston Lake, NY 12019
      View Details
    • $12 SF/Yr
      11,470 SF

      Executive Suites, Ushers Rd.

      Prime Office Space, Saratoga County.
      315 Ushers Rd, Ballston Lake, NY 12019
      View Details
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    308 Ushers Rd
    Ballston Lake, NY 12019-1515
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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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