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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Investment properties
37 Phila St Saratoga Springs, NY 12866-3286
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0314462
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1962
Total area
5,964 SF
Lot
0.05 ac (2,178 SF)
Zoning code
C1
APN
411501 165.68-1-6
UPID
US63-0314462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Parking garage Parking Lot & Garage
-
Bailey's Saratoga Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$1.07M
Owner & transaction history
37 Phila LLC · 4 yrs held
37 Phila LLC
since 2022
7 recorded transactions
Zoning & alternative use
C1 · Saratoga Springs, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saratoga Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saratoga Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,690,000
Current use
RESTAURANT
$1,595,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$179 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$774,500
Assessed 2023
Previous assessed
$774,500
+0.0% YoY
Assessed land
$50,000
Assessed improvement
$724,500
Land market value
$96,154
Improvement market value
$1,393,269
Total market value
$1,489,423
Applied tax rate
411,500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
1
Stories
3
Units
8
Total area
5,964 SF
Lot
0.05 ac (2,178 SF)
Zoning code
C1
APN
411501 165.68-1-6
UPID
US63-0314462
Jurisdiction
SARATOGA
Zoning & alternative use
C1 · Saratoga Springs, NY
Zoning C1 · permitted uses
C1 · Saratoga Springs, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saratoga Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
3
Buildings
1
Units
8
Lot
0.05 ac
Current owner
From public records · entity-resolved
37 Phila LLC
Entity
Mailing address
37 PHILA ST, SARATOGA SPRINGS, NY 12866-3286
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
37 Phila LLC
Joseph Richardson
Warranty Deed
$354,899 · Adirondack Trust Company
Mar 2, 2017
—
Joseph Richardson
—
Deed
related
$282,469 · Adirondack Trust Co
Dec 14, 2015
—
Joseph Richardson
Richardson,stpehanie
Quit Claim Deed
related
—
Oct 16, 2014
$250,000
Joseph Richardson
Richardson,stephanie
Grant Deed
related
$200,000 · Stephanie Richardson
—
—
Joseph Richardson
—
Loan Modification
related
$430,000 · Adirondack Reit INC
—
—
Joseph Richardson
—
Deed Of Trust
related
$101,100 · Adirondack Trust Co
—
—
Joseph Richardson
—
Deed Of Trust
related
$200,000 · Adirondack Trust Co
—
—
Joseph Richardson
—
Loan Modification
related
$1,200,000 · Other Institutional Lenders
—
—
Joseph Richardson
—
Loan Modification
related
$430,000 · Other Institutional Lenders
—
—
Joseph Richardson
—
Deed Of Trust
related
$282,469 · Adirondack Trust Co
—
—
Joseph Richardson
—
Loan Modification
related
$1,050,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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