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

    3257 Rte 9us Saratoga Springs, NY 12866-6210

    • Office buildings
    • 10,700 SF
    • 2.20 lot acres
    OFF-MARKET
    Last Sale
    Aug 24, 2021
    $513,200
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4188630
    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

    • Office buildings

    Property Details for 3257 Rte 9us

    Year built
    1982
    Lot size
    2.20 lot acres
    Property size
    10,700 SF
    Zone code
    INSPR
    Property type
    Office buildings
    APN
    411589 191.-1-23
    APU
    411589191123

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $517,000
      Market price range: $317k - $1.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.7909
    Latitude
    43.0388
    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
    $315,000
    $365,000
    $680,000
    -
    $605,769
    $701,923
    $1,307,692

    Comparable in this City

    • Value Estimation
      $335,000
      11,638 SF

      40 Long Aly

      OFFICE BUILDING • 11,638 SF
      40 Long Aly, Saratoga Springs, NY 12866-2116
      View Details
    • Value Estimation
      $370,000
      13,640 SF

      112 Spg St

      PROFESSIONAL BUILDING • 13,640 SF
      112 Spg St, Saratoga Springs, NY 12866-3350
      View Details
    • Value Estimation
      $775,000
      46,437 SF

      474 Broadway

      OFFICE BUILDING • 46,437 SF
      474 Broadway, Saratoga Springs, NY 12866-2244
      View Details
    • Value Estimation
      $330,000
      4,460 SF

      4 Care Ln

      PROFESSIONAL BUILDING • 4,460 SF
      4 Care Ln, Saratoga Springs, NY 12866-8624
      View Details
    • Value Estimation
      $680,000
      34,992 SF

      3 Care Ln

      PROFESSIONAL BUILDING • 34,992 SF
      3 Care Ln, Saratoga Springs, NY 12866-8639
      View Details
    • Value Estimation
      $385,000
      1,538 SF

      154 Ww Ave

      PROFESSIONAL BUILDING • 1,538 SF
      154 Ww Ave, Saratoga Springs, NY 12866-5902
      View Details

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      Saratoga Springs Mixed-Use Investment

      Class A mixed-use building with offices, coffee shop, and gym.
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      Prime Commercial Property on Route

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      Leased Office/Retail Saratoga Springs Location

      Fully leased office and retail building in Saratoga Springs, NY.
      92 Congress St, Saratoga Springs, NY 12866
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    Similar Nearby for Lease

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      Renovated Office Space in Saratoga

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      Downtown Saratoga Springs Office Space

      Highly visible office space in downtown Saratoga Springs with parking.
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    • $25 SF/Yr

      Redevelopment Opportunity in Saratoga Springs

      Build-to-suit office building in Saratoga Springs redevelopment area.
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      Renovated Office Space Near Downtown

      Distinctive office space in a renovated school building near downtown.
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      36,192 SF

      Saratoga Springs Medical Office Suite

      Move-in ready medical suite near Saratoga Hospital.
      6 Care Ln, Saratoga Springs, NY 12866
      View Details
    • $5,000 /Mo
      2,202 SF

      Downtown Saratoga Springs Commercial Building

      Commercial building in downtown Saratoga Springs, suitable for retail or office.
      23-25 Division St, Saratoga Springs, NY 12866
      View Details
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    3257 Rte 9us
    Saratoga Springs, NY 12866-6210
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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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