Property profile

7 Un St Ballston Spa, NY 12020

OFF-MARKET
Investment properties
Property ID
US63-0882620
2,538 SF 0.26 ac lot Built 1968
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,538 square foot office building in Ballston Spa, NY, presents a unique sale-leaseback opportunity. Located at 7 Union Street, this single-story, 1968-constructed building sits on a 0.26-acre lot and is zoned for commercial use. The property features two units, currently 100% occupied by multiple tenants under a multi-tenant lease. The asking price is $450,000, translating to $177.30 per square foot. The property's parcel number is 203.72-2-15. This sale includes a proposed 5-year leaseback agreement, providing a secure income stream for the buyer. The building has undergone recent renovations, enhancing its appeal and functionality. The property's versatility makes it suitable for various office uses, including executive, medical, and traditional office spaces. This is an excellent investment opportunity for those seeking a stable, income-generating asset in a desirable location. The building's single-story design and convenient location in Saratoga County offer ease of access and operational efficiency. This sale-leaseback arrangement offers a compelling blend of immediate return and long-term growth potential. Don't miss this chance to acquire a well-maintained, fully occupied commercial property in the thriving Ballston Spa market.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1968
Total area 2,538 SF
Lot 0.26 ac (11,326 SF)
Zoning code R-1
APN 414201 203.72-2-15
UPID US63-0882620

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hearing Aid Store Audiologist
  • Dental Office

Location

7 Un St Ballston Spa, NY 12020-1238
Ballston Spa metro Census 61800 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
Last sale
$420,000
4 recorded transactions
2025
$420,000
2009
Price N/A
2009
$139,000
2009
$750

Zoning & alternative use

R-1 · Ballston Spa, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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