Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    976 High St Ballston Spa, NY 12020
    Back to Search
    Property profile & analytics

    976 High St, Ballston Spa, NY 12020

    View on Map
    • Investment properties
    • 1,764 SF
    • 1.61 lot acres
    Off-Market
    Last Sale Apr 13, 2022
    $399,000
    Property ID
    US63-3816704
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 976 High St

    Year built
    1951
    Lot size
    1.61 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    412089 216.-2-54
    APU
    412089216254

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2022 $399,000 Bbl Ridgeback Self St LLC Timothy J Iannon Warranty Deed —
    Sep 14, 2017 — Diane L Iannon — Deed · related $160k · Adirondack Trust Co
    — — Diane L Iannon — Deed Of Trust · related $160k · Adirondack Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ballston Spa
    County
    Saratoga
    State
    New York
    Longitude
    -73.8511
    Latitude
    42.986
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $153,000
    $130,000
    $283,000
    -
    $217,021
    $184,397
    $401,418

    Comparable in this City

    • Value Estimation by Request
      2,180 SF

      11 Prospect St

      OFFICE/RESIDENTIAL (MIXED USE)
      11 Prospect St, Ballston Spa, NY 12020-1309
      View Details
    • Value Estimation by Request
      2,437 SF

      17 Milton Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      17 Milton Ave, Ballston Spa, NY 12020-1448
      View Details
    • Value Estimation by Request
      3,360 SF

      42 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE)
      42 Frnt St, Ballston Spa, NY 12020-1747
      View Details
    • Value Estimation
      $525,000
      3,048 SF

      88-90 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE)
      88-90 Frnt St, Ballston Spa, NY 12020
      View Details
    • Value Estimation
      $1,960,000
      21,580 SF

      30 Frnt St, Unit 38

      OFFICE/RESIDENTIAL (MIXED USE)
      30 Frnt St, Ballston Spa, NY 12020-1718
      View Details
    • Value Estimation
      $510,000
      2,640 SF

      108 Cramer Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      108 Cramer Rd, Malta, NY 12020-4322
      View Details

    Similar Nearby for Sale

    • $599,900
      3,048 SF

      Mixed-Use Building in Ballston Spa

      Mixed-use property with retail and residential units in Ballston Spa.
      88-90 Front St, Ballston Spa, NY 12020
      View Details
    • $3,825,000
      5.29 Acres

      1 Hemphill Pl, Malta, NY 12020

      Mixed-use properties
      1 Hemphill Pl, Malta, NY 12020
      View Details
    • Contact for pricing

      Land For Sale

      0.92 acre land available for purchase.
      131 Dunning St, Ballston Spa, NY 12020
      View Details
    • $2,390,000
      3,360 SF

      Modern Multifamily Property in Ballston

      Fully leased, 10-unit multifamily property built in 2022.
      486 Garrett Rd, Ballston Spa, NY 12020
      View Details
    • Contact for pricing

      Remodeled Salon with Dog Wash

      Remodeled salon with parking, tanning booths, and dog wash.
      426 Geyser Rd, Ballston Spa, NY 12020
      View Details
    • $990,000
      2.79 Acres

      Prime Route 9 Redevelopment Site

      2.79 acres on Route 9, ideal for commercial development.
      2595-2599 S 9, Malta, NY 12020
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Space Available

      Newly renovated office space with private offices for rent.
      2903 State Route 9, Ballston Spa, NY 12020
      View Details
    • Contact for pricing
      3,000 SF

      Office Space Near Global Foundries

      Office and retail spaces available near Global Foundries Tech Park.
      1000 Saratoga Blvd, Malta, NY 12020
      View Details
    • Contact for pricing
      5,750 SF

      Flex Space in Saratoga Technology Park

      Flex building with warehouse and office space for lease.
      20 Tech Trl, Ballston Spa, NY 12020
      View Details
    • $18 SF/Yr
      19,137 SF

      Renovated Office Space Available

      Newly renovated +/- 750 SF office space with private offices.
      2903 Rte 9, Ballston Spa, NY 12020
      View Details
    • $4,267 /Mo
      5,595 SF

      New Retail Space in Ballston

      New construction retail space available for lease in Ballston.
      230 Church Ave, Ballston Spa, NY 12020
      View Details
    • $15 SF/Yr
      71,003 SF

      Ballston Spa Light Industrial Space

      Light industrial space available in Ballston Spa, NY.
      1 Charlton Rd, Ballston Spa, NY 12020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    976 High St
    Ballston Spa, NY 12020
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    976 High St, Ballston Spa, NY, 12020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!