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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Investment properties
59 Franklin St Saratoga Springs, NY 12866-3069
Individually Owned
2-yr Hold
Free & Clear
Property ID
US63-1781609
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1977
Total area
2,548 SF
Lot
0.17 ac (7,405 SF)
Zoning code
UR4
APN
411501 165.59-1-54.1
UPID
US63-1781609
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
-
DeVall & DeVall Law Firm Law Firm
-
Gideon Putnam Burying Ground Cemetery
-
Iseman PLLC Law Firm
-
De Vall David F Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$730k
Owner & transaction history
Kaari E Stannard · 2 yrs held
Kaari E Stannard
since 2024
Last sale
$730,300
4 recorded transactions
Zoning & alternative use
UR4 · 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
Method
Estimation
Statistic approach
$740,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$440,000
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $730k (Nov 17 2023)
Last sale anchor
$730k
Nov 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$286 / 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
$264,900
Assessed 2023
Previous assessed
$264,900
+0.0% YoY
Assessed land
$103,300
Assessed improvement
$161,600
Land market value
$198,654
Improvement market value
$310,769
Total market value
$509,423
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1977
Heating
NONE
Stories
2
Total area
2,548 SF
Lot
0.17 ac (7,405 SF)
Zoning code
UR4
APN
411501 165.59-1-54.1
UPID
US63-1781609
Jurisdiction
SARATOGA
Zoning & alternative use
UR4 · Saratoga Springs, NY
Zoning UR4 · permitted uses
UR4 · 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
1977
Heating
NONE
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Kaari E Stannard
Individual
Free & Clear · 2 yrs held
Mailing address
59 FRANKLIN ST, SARATOGA SPRINGS, NY 12866-3069
Ownership since
2024
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 24, 2024
$325,000
Kaari E Stannard
David F Devall Lt
Deed
—
Nov 17, 2023
$730,300
59 Franklin St Hldgs LLC
David F Devall Lt
Deed
—
Sep 30, 2021
—
David F Devall
—
Deed
related
$36,000 · Saratoga National Bank & Trust
May 10, 2021
—
David F Devall Lt
Richard F Devall
Quitclaim 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.
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