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Property profile & analytics
OFF-MARKET
Estimated value
$10,280,000
Showrooms
385 Broadway Saratoga Springs, NY 12866-2586
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-2344281
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2020
Total area
87,531 SF
Lot
0.77 ac (33,541 SF)
Zoning code
C1
APN
411501 165.59-1-77
UPID
US63-2344281
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
-
Broadway 385 Apartment Building
-
Olde Saratoga Coin & Jewelry Saratoga Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Frivolous Clothing Store
-
Coat Room Restaurant
-
Mark Thomas Men's Apparel Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.28M
Owner & transaction history
Broadway 385 LLC · 7 yrs held
Broadway 385 LLC
since 2019
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$117 / 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
$4,995,000
Assessed 2023
Previous assessed
$4,995,000
+0.0% YoY
Assessed land
$543,500
Assessed improvement
$4,451,500
Land market value
$1,045,192
Improvement market value
$8,560,577
Total market value
$9,605,769
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
5
Total area
87,531 SF
Lot
0.77 ac (33,541 SF)
Zoning code
C1
APN
411501 165.59-1-77
UPID
US63-2344281
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.
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Cooling
Yes
Stories
5
Buildings
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Broadway 385 LLC
Entity
Mailing address
553 CRES AVE, SARATOGA SPRINGS, NY 12866-8732
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
—
Broadway 385 LLC
—
Deed
related
$750,000 · Pioneer Bank
Apr 23, 2019
$2,600,000
Broadway 385 LLC
385 Bway Saratoga LLC
Grant Deed
related
$15,900,000 · Pioneer Svgs Bk
Dec 21, 2011
$2,000,000
385 Bway Saratoga LLC
Panza,frank
Trustees Deed
—
Feb 23, 2004
—
Frank S Panza
Panza,f S & J
Quit Claim Deed
related
—
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.
Try Rey
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