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Property profile & analytics
OFF-MARKET
Bars & Pubs
550 Un Ave, Saratoga Springs, NY 12866-6483
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2983091
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1966
Total area
900 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C8
APN
411589 180.-4-8.1
UPID
US63-2983091
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
-
Lago by Druthers Restaurant
-
550 Marina & Board Marina
-
518 Prestige Pontoons Boat Rental Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
550 Union LLC · 11 yrs held
550 Union LLC
since 2015
7 recorded transactions
Zoning & alternative use
C8 · 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
—
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
$886,200
Assessed 2023
Previous assessed
$886,200
+0.0% YoY
Assessed land
$731,000
Assessed improvement
$155,200
Land market value
$1,405,769
Improvement market value
$298,462
Total market value
$1,704,231
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1966
Heating
NONE
Stories
1
Total area
900 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C8
APN
411589 180.-4-8.1
UPID
US63-2983091
Jurisdiction
SARATOGA
Zoning & alternative use
C8 · Saratoga Springs, NY
Zoning C8 · permitted uses
C8 · 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
1966
Heating
NONE
Stories
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
550 Union LLC
Entity
Mailing address
62 MILTON AVE, BALLSTON SPA, NY 12020-1405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2020
—
550 Union LLC
—
Deed Of Trust
related
$2,031,408 · Adirondack Trust Co
May 6, 2015
$1,200,000
550 Union LLC
Ambrozak Patricia A
Grant Deed
$500,000 · Ambrozak Patricia A (es)
—
—
550 Union LLC
—
Deed Of Trust
related
$1,866,200 · Adirondack Trust Co
—
—
550 Union LLC
—
Deed Of Trust
related
$550,000 · First Nat'l Bk/scotia
—
—
550 Union LLC
—
Deed Of Trust
related
$131,074 · Adirondack Trust Co
—
—
550 Union LLC
—
Deed Of Trust
related
$1,919,000 · Private Individual
—
—
550 Union LLC
—
Deed Of Trust
related
$214,604 · Adirondack Trust Co
—
—
550 Union LLC
—
Deed Of Trust
related
$2,666,000 · Adirondack Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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