Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    550 Un Ave Saratoga Springs, NY 12866-6483
    Back to Search
    Property profile & analytics

    550 Un Ave Saratoga Springs, NY 12866-6483

    View on Map
    • Bars & Pubs
    • 900 SF
    • 2.60 lot acres
    Off-Market
    Property ID
    US63-2983091
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lago by Druthers / Restaurant
    • 550 Marina & Board / Marina
    • 518 Prestige Pontoons / Boat Rental Service

    Property Details for 550 Un Ave

    Year built
    1966
    Lot size
    2.60 lot acres
    Property size
    900 SF
    Zone code
    C8
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    411589 180.-4-8.1
    APU
    411589180481

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.7235
    Latitude
    43.0557
    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
    $731,000
    $155,200
    $886,200
    -
    $1,405,769
    $298,462
    $1,704,231

    Comparable in this City

    • Value Estimation by Request
      4,812 SF

      251 County Rte 67

      BAR, TAVERN • 4,812 SF
      251 County Rte 67, Saratoga Springs, NY 12866-6477
      View Details
    • Value Estimation by Request
      4,184 SF

      9 Gridley Ave

      BAR, TAVERN • 4,184 SF
      9 Gridley Ave, Saratoga Springs, NY 12866-5214
      View Details
    • Value Estimation by Request
      5,113 SF

      Saratoga Springs, NY 12866

      BAR, TAVERN • 5,113 SF
      Saratoga Springs, NY 12866
      View Details
    • Value Estimation by Request
      736 SF

      70 Putnam St

      BAR, TAVERN • 736 SF
      70 Putnam St, Saratoga Springs, NY 12866-3112
      View Details
    • Value Estimation by Request
      1,400 SF

      43 Caroline St

      BAR, TAVERN • 1,400 SF
      43 Caroline St, Saratoga Springs, NY 12866-3230
      View Details
    • Value Estimation by Request
      2,406 SF

      241 Un Ave

      BAR, TAVERN • 2,406 SF
      241 Un Ave, Saratoga Springs, NY 12866-3533
      View Details

    Similar Nearby for Sale

    • $5,250,000
      5,684 SF

      Turnkey Saratoga Bar and Restaurant

      Destination bar and restaurant with real estate for sale.
      9 Gridley Ave, Saratoga Springs, NY 12866
      View Details
    • $5,250,000
      5,684 SF

      Turnkey Saratoga Bar and Restaurant

      Destination bar and restaurant with real estate for sale.
      9 Gridley St, Saratoga Springs, NY 12866
      View Details
    • $3,700,000
      4,484 SF

      Historic Saratoga Springs Mixed-Use Property

      Unique investment opportunity in vibrant downtown Saratoga Springs.
      417 Broadway Saratoga Spg, Saratoga Springs, NY 12866
      View Details
    • $3,499,999
      10,240 SF

      Historic Estate with Development Potential

      14-acre estate featuring a mansion with endless possibilities.
      2255 Ballston Ave, Saratoga Springs, NY 12866
      View Details
    • $3,100,000
      18,075 SF

      Saratoga Springs Mixed-Use Investment

      Class A mixed-use building with offices, coffee shop, and gym.
      120 West Ave, Saratoga Springs, NY 12866
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Shoppes at Wilton

      Retail space available in a shopping center anchored by major retailers.
      3060 Ny-50, 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
    • $5,172 /Mo
      6,861 SF

      Turnkey Restaurant in Saratoga Springs

      Profitable restaurant for immediate operation in downtown Saratoga Springs.
      44 Lake Ave, Saratoga Springs, NY 12866
      View Details
    • Contact for pricing
      18,000 SF

      Saratoga Springs Retail Space Available

      Retail space for lease near Saratoga Race Track.
      115-189 Ballston Ave, Saratoga Springs, NY 12866
      View Details
    • Contact for pricing

      Downtown Saratoga Springs Retail Space

      Retail space for lease in downtown Saratoga Springs.
      21 Congress St, Saratoga Springs, NY 12866
      View Details
    • $32 SF/Yr
      53,327 SF

      Prime Corner Retail Space Available

      Corner retail space in downtown Saratoga Springs for lease.
      516 Broadway, 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.
    550 Un Ave
    Saratoga Springs, NY 12866-6483
    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
    550 Un Ave, 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!