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Property profile & analytics
FOR LEASE
Office buildings
6 Care Ln, Saratoga Springs, NY 12866
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1009406
For Lease
$1.00 SF/Yr
6 Care Ln, Saratoga Springs, NY 12866
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1999
Total area
36,192 SF
Lot
5.93 ac (258,311 SF)
Zoning code
CA2
APN
411589 165.10-2-3
UPID
US63-1009406
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
-
Margaret A. Kestler, PA Physician
-
Roland Phillips, MD Physician
-
Spa Vein Center Physician
-
Michael Bourla, MD Physician Medical Clinic
-
Faisal Chaudhary, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.82M
CAP Approach
CAP
$8.04M
Comparable Approach
Comparable
$7.20M
Blend (final)
Blend
$10.62M
Owner & transaction history
Saratoga Prop Invst LLC · 4 yrs held
Saratoga Prop Invst LLC
since 2022
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
CA2 · Saratoga Springs, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.3M
+42.3%
Restaurant
$9.7M
+34.2%
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
$14,675,000
ML approach
$10,820,000
CAP Approach
CAP Return
Estimation
6%
$8,705,000
6.5%
$8,035,000
7%
$7,460,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,205,000
Current use
COMMERCIAL (GENERAL)
$10,255,000
Change: +42% · Conversion: Easy
RESTAURANT
$9,670,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$10.62M
Range $9.56M – $11.68M · ±10% · vs last sale $11.50M (Mar 1 2022)
Last sale anchor
$11.50M
Mar 1 2022
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
$293 / 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
$4,184,700
Assessed 2023
Previous assessed
$4,184,700
+0.0% YoY
Assessed land
$347,600
Assessed improvement
$3,837,100
Land market value
$668,462
Improvement market value
$7,379,038
Total market value
$8,047,500
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1999
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
36,192 SF
Lot
5.93 ac (258,311 SF)
Zoning code
CA2
APN
411589 165.10-2-3
UPID
US63-1009406
Jurisdiction
SARATOGA
Zoning & alternative use
CA2 · Saratoga Springs, NY
Zoning CA2 · permitted uses
CA2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$10.3M
RESTAURANT
Est. value
$9.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
5.93 ac
Current owner
From public records · entity-resolved
Saratoga Prop Invst LLC
Entity
Mailing address
12800 WHITEWATER DR STE #20, BUFFALO, MN 55313
Ownership since
2022
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
Mar 1, 2022
$11,500,000
Saratoga Prop Invst LLC
Upstate Echo Ent LLC
Warranty Deed
—
Mar 1, 2022
—
Rtp Properties LLC
Sca Properties LLC
Deed
—
Sep 14, 2020
—
Sca Properties LLC
—
Deed
related
$4,017,951 · M&t Bk
Mar 24, 2020
—
Sca Properties LLC
—
Deed
related
$681,680 · M&t Bk
—
—
Sca Properties LLC
—
Deed Of Trust
related
$681,680 · M&t Bk
—
—
Sca Properties LLC
—
Deed Of Trust
related
$282,500 · M&t Bk
—
—
Sca Properties LLC
—
Loan Modification
related
$2,056,866 · M&t R/e Tr
—
—
Sca Properties LLC
—
Loan Modification
related
$4,017,951 · M&t Bk
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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