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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Office buildings
8 Medical Park Dr, Malta, NY 12020-5050
Entity Owned
13-yr Hold
Free & Clear
Property ID
US63-3695202
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2017
Total area
23,351 SF
Lot
127.22 ac (5,541,703 SF)
Zoning code
PDD
APN
414089 229.-2-102
UPID
US63-3695202
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
-
Dr. Robert Halbig Pediatrician Physician
-
Saratoga Hospital Medical Group Primary Care - Malta Medical Clinic
-
Saratoga Hospital Medical Group - Pulmonology and Sleep Medicine at Malta Medical Clinic
-
Santosh Vaghela, MD Physician
-
Hung Nguyen, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.19M
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$3.83M
Owner & transaction history
Saratoga Co Sewer Dist · 13 yrs held
Saratoga Co Sewer Dist
since 2013
2 recorded transactions
Zoning & alternative use
PDD · Malta, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+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 Malta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malta 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%
$5,615,000
6.5%
$5,185,000
7%
$4,815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,650,000
Current use
RESTAURANT
$6,240,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,755,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±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
$164 / 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
$6,450,000
Assessed 2023
Previous assessed
$6,100,000
+5.7% YoY
Assessed land
$4,387,100
Assessed improvement
$2,062,900
Land market value
$4,387,100
Improvement market value
$2,062,900
Total market value
$6,450,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2017
Heating
STEAM
Cooling
CENTRAL
Buildings
1
Stories
2
Bathrooms
1
Total area
23,351 SF
Lot
127.22 ac (5,541,703 SF)
Zoning code
PDD
APN
414089 229.-2-102
UPID
US63-3695202
Jurisdiction
SARATOGA
Zoning & alternative use
PDD · Malta, NY
Zoning PDD · permitted uses
PDD · Malta, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.7M
RESTAURANT
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2017
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
1
Lot
127.22 ac
Current owner
From public records · entity-resolved
Saratoga Co Sewer Dist
Entity
Free & Clear · 13 yrs held
Mailing address
211 CHURCH ST, SARATOGA SPRINGS, NY 12866-1003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2013
—
Saratoga Co Sewer Dist
Saratoga Hosp
Quit Claim Deed
related
—
Oct 2, 2007
$8,500,000
Saratoga Hospital
Bond,linda
Grant Deed
—
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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