Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    40 Park Pl Saratoga Springs, NY 12866

    • Investment properties
    • 6,836 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1842810
    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

    • Dark Horse Salon / Hair Salon / Nail Salon

    Property Details for 40 Park Pl

    Year built
    1957
    Lot size
    0.18 lot acres
    Property size
    6,836 SF
    Zone code
    UR2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    411501 165.84-1-45
    APU
    41150116584145

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $566,000
      Market price range: $364k - $1.37M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.7812
    Latitude
    43.074
    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
    $125,300
    $396,100
    $521,400
    -
    $240,961
    $761,731
    $1,002,692

    Comparable in this City

    • Value Estimation
      $1,965,000
      11,833 SF

      461 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 11,833 SF
      461 Broadway, Saratoga Springs, NY 12866-2203
      View Details
    • Value Estimation
      $1,480,000
      10,132 SF

      4 Franklin Sq

      OFFICE/RESIDENTIAL (MIXED USE) • 10,132 SF
      4 Franklin Sq, Saratoga Springs, NY 12866-2141
      View Details
    • Value Estimation
      $24,760,000
      218,537 SF

      19 Railroad Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 218,537 SF
      19 Railroad Pl, Saratoga Springs, NY 12866-2196
      View Details
    • Value Estimation
      $920,000
      4,484 SF

      417 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 4,484 SF
      417 Broadway, Saratoga Springs, NY 12866-2449
      View Details
    • Value Estimation by Request
      2,785 SF

      41 Geyser Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,785 SF
      41 Geyser Rd, Saratoga Springs, NY 12866-9038
      View Details
    • Value Estimation
      $630,000
      2,339 SF

      70 Lk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,339 SF
      70 Lk Ave, Saratoga Springs, NY 12866-2327
      View Details

    Similar Nearby for Sale

    • $4,249,000
      42.79 Acres

      Saratoga Polo: Prime Development Land

      42-acre equestrian estate, mixed-use potential.
      2 Bloomfield Rd, Saratoga Springs, NY 12866
      View Details
    • $2,600,000
      0.37 Acres

      Mixed-Use Building with Parking Lot

      Mixed-use building with parking in Saratoga Springs, NY.
      108/114 Congress St, Saratoga Springs, NY 12866
      View Details
    • $2,000,000
      0.37 Acres

      Saratoga Springs Urban Core Property

      Mixed-use property in Saratoga Springs' vibrant Urban Core District.
      108/114 Congress St, Saratoga Springs, NY 12866
      View Details
    • $800,000
      2,783 SF

      Saratoga Springs Corner Lot Opportunity

      Corner lot with mixed-use potential near Broadway.
      126 West Ave, Saratoga Springs, NY 12866
      View Details
    • $1,000,000
      0.67 Acres

      Prime Saratoga Springs Commercial Land

      0.67 acre lot near downtown Saratoga Springs.
      237 Washington St, Saratoga Springs, NY 12866
      View Details
    • $999,000
      1,500 SF

      Downtown Saratoga Springs Opportunity

      1500 SF brick building in prime downtown location.
      62 Lawrence St, Saratoga Springs, NY 12866
      View Details

    Similar Nearby for Lease

    • $1,465 /Mo
      36,875 SF

      Broadway Mixed-Use Commercial Space

      Mixed-use building with retail, offices, and apartments in Saratoga Springs.
      376 Broadway Unit L5/L6, Saratoga Springs, NY 12866
      View Details
    • $1.00 SF/Yr
      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
    • $2,500 /Mo
      860 SF

      Furnished Condo Near Downtown Saratoga

      Furnished 2-bedroom condo available for a 9-month rental.
      77 Van Dam St, 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
    • $3,605 /Mo

      Downtown Saratoga Springs Office Space

      Versatile office space in downtown Saratoga Springs, available February 2026.
      58 Church St, Saratoga Springs, NY 12866
      View Details
    • $25 SF/Yr
      17,000 SF

      Prime Saratoga Springs Land Parcel

      Land parcel available for a build-to-suit office building.
      133 Hamilton St, Saratoga Springs, NY 12866
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Park Pl
    Saratoga Springs, NY 12866
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.