Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    458 Broadway Saratoga Springs, NY 12866-6737
    Back to Search
    Property profile & analytics

    458 Broadway Saratoga Springs, NY 12866-6737

    View on Map
    • Investment properties
    • 3,584 SF
    • 0.03 lot acres
    Off-Market
    Property ID
    US63-1610805
    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.
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Saratoga Gelato / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 458 Broadway

    Year built
    1960
    Lot size
    0.03 lot acres
    Property size
    3,584 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    411501 165.59-2-6
    APU
    4115011655926

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $506,000
      Market price range: $191k - $718k

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

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.7846
    Latitude
    43.0828
    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
    $58,500
    $407,700
    $466,200
    -
    $112,500
    $784,038
    $896,538

    Comparable in this City

    • Value Estimation
      $1,595,000
      7,226 SF

      20 Lk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,226 SF
      20 Lk Ave, Saratoga Springs, NY 12866-2314
      View Details
    • Value Estimation
      $515,000
      3,096 SF

      25 Lawrence St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,096 SF
      25 Lawrence St, Saratoga Springs, NY 12866-2592
      View Details
    • Value Estimation
      $1,425,000
      8,640 SF

      360 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 8,640 SF
      360 Broadway, Saratoga Springs, NY 12866-0330
      View Details
    • Value Estimation
      $3,565,000
      17,460 SF

      440 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 17,460 SF
      440 Broadway, Saratoga Springs, NY 12866-2212
      View Details
    • Value Estimation
      $2,270,000
      14,902 SF

      421 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 14,902 SF
      421 Broadway, Saratoga Springs, NY 12866
      View Details
    • Value Estimation
      $5,535,000
      36,000 SF

      348 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 36,000 SF
      348 Broadway, Saratoga Springs, NY 12866-3110
      View Details

    Similar Nearby for Sale

    • $900,000

      Mixed-Use Building Opportunity

      Prime location for mixed-use commercial and residential development.
      237 Washington St, Saratoga Springs, NY 12866
      View Details
    • $1,999,999
      4,228 SF

      Prime Saratoga Springs Mixed-Use Property

      Mixed-use building with development potential in downtown Saratoga Springs.
      108/114 Congress St, Saratoga Springs, NY 12866
      View Details
    • $800,000
      2,783 SF

      Corner Lot Development Opportunity

      Prime corner lot suitable for mixed-use or commercial development.
      126 West Ave, Saratoga Springs, NY 12866
      View Details
    • $800,000
      2,783 SF

      Saratoga Springs Corner Lot Opportunity

      Corner lot with development potential near Broadway.
      126 West Ave, Saratoga Springs, NY 12866
      View Details
    • $2,400,000
      15,681 SF

      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
    • $4,250,000
      15,712 SF

      New Saratoga Springs Commercial Building

      New commercial building in downtown Saratoga Springs with flexible zoning.
      79 Henry St, Saratoga Springs, NY 12866
      View Details

    Similar Nearby for Lease

    • New
      $1,395 /Mo
      36,875 SF

      Broadway Commercial Space For Rent

      Mixed-use building with retail, offices, and apartments in Saratoga Springs.
      376 Broadway, Saratoga Springs, NY 12866
      View Details
    • $28 SF/Yr
      105,000 SF

      Congress Park Centre Office Space

      Prime Saratoga Springs Executive Suites
      321 Broadway, Saratoga Springs, NY 12866
      View Details
    • $21 SF/Yr
      16,800 SF

      Commercial Units in Growing Corridor

      Versatile commercial spaces suitable for business, retail, and restaurant use.
      610 Maple Ave, Saratoga Springs, NY 12866
      View Details
    • $1,450 /Mo
      13,640 SF

      Renovated Office Space Near Downtown

      Charming office space in renovated school building, minutes from downtown.
      112 Spg St #304 Saratoga Spg, Saratoga Springs, NY 12866
      View Details
    • $1,250 /Mo
      1,372 SF

      Remodeled Commercial Space on Route 9

      Versatile commercial space in high-traffic Saratoga Springs location.
      460 Maple Ave, Saratoga Springs, NY 12866
      View Details
    • New
      $780 /Mo
      48,529 SF

      Saratoga Springs Office Space Available

      Single room office space with natural light in Saratoga Springs.
      120 West Ave, 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.
    458 Broadway
    Saratoga Springs, NY 12866-6737
    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

    Thank You for Inquiry
    458 Broadway, Saratoga Springs, NY, 12866
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!