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Property profile & analytics
OFF-MARKET
Estimated value
$6,560,000
Medical Office Space
6 Medical Park Dr, Ballston Spa, NY 12020-5051
Individually Owned
2-yr Hold
Free & Clear
Property ID
US63-5056585
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2012
Total area
59,652 SF
Zoning code
PDD
APN
414089 229.-2-75.111-1
UPID
US63-5056585
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
-
Malta Med Emergent Care Medical Clinic
-
Saratoga Hospital Outpatient Infusion Center Medical Clinic
-
Saratoga Hospital Medical Group - Cardiology at Malta Medical Clinic
-
Malta Family Medicine Medical Clinic
-
Dr. Eugene K. Merecki, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.44M
Blend (final)
Blend
$6.56M
Owner & transaction history
Healthcare P Saratoga Ltd · 2 yrs held
Healthcare P Saratoga Ltd
since 2024
1 recorded transaction
Zoning & alternative use
PDD · Ballston Spa, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.0M
+75.2%
Restaurant
$6.8M
+69.2%
Auto repair, garage
$4.9M
+22.8%
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 Ballston Spa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ballston Spa 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,020,000
Current use
COMMERCIAL (GENERAL)
$7,040,000
Change: +75% · Conversion: Easy
RESTAURANT
$6,800,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,935,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$4,215,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$4,145,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$6.56M
Range $5.90M – $7.22M · ±10%
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
$110 / 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
$11,250,000
Assessed 2023
Previous assessed
$10,700,000
+5.1% YoY
Assessed improvement
$11,250,000
Improvement market value
$11,250,000
Total market value
$11,250,000
Applied tax rate
414,201.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
1
Stories
2
Total area
59,652 SF
Zoning code
PDD
APN
414089 229.-2-75.111-1
UPID
US63-5056585
Jurisdiction
SARATOGA
Zoning & alternative use
PDD · Ballston Spa, NY
Zoning PDD · permitted uses
PDD · Ballston Spa, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ballston Spa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$7.0M
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2012
Heating
NONE
Stories
2
Buildings
1
Current owner
From public records · entity-resolved
Healthcare P Saratoga Ltd
Individual
Free & Clear · 2 yrs held
Mailing address
211 CHURCH ST, SARATOGA SPRINGS, NY 12866-1003
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Healthcare P Saratoga Ltd
County Saratoga Ind Agncy
Quit Claim 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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