Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,815,000
Race tracks
Nelson Ave Saratoga Springs, NY 12866
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-4639142
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
1960
Total area
246,647 SF
Lot
160.43 ac (6,988,331 SF)
Zoning code
INSHT
APN
411501 179.-5-7
UPID
US63-4639142
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.82M
Owner & transaction history
Saratoga Casino Holdings LLC · 10 yrs held
Saratoga Casino Holdings LLC
since 2015
6 recorded transactions
Zoning & alternative use
INSHT · Saratoga Springs, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$52 / 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
$35,526,000
Assessed 2023
Previous assessed
$35,526,000
+0.0% YoY
Assessed land
$5,122,200
Assessed improvement
$30,403,800
Land market value
$9,850,385
Improvement market value
$58,468,846
Total market value
$68,319,231
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
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
CENTRAL
Buildings
22
Stories
4
Total area
246,647 SF
Lot
160.43 ac (6,988,331 SF)
Zoning code
INSHT
APN
411501 179.-5-7
UPID
US63-4639142
Jurisdiction
SARATOGA
Zoning & alternative use
INSHT · Saratoga Springs, NY
Zoning INSHT · permitted uses
INSHT · 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.
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Cooling
Yes
Stories
4
Buildings
22
Lot
160.43 ac
Current owner
From public records · entity-resolved
Saratoga Casino Holdings LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 356, SARATOGA SPRINGS, NY 12866-0356
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2019
—
Saratoga Casino Holdings LLC
—
Loan Modification
related
$10,000,000 · Manufacturers & Traders Tr
Jan 6, 2016
—
Saratoga Casino Holdings LLC
—
Grant Deed
related
$15,000,000 · Citizens Bk
Oct 7, 2015
—
Saratoga Casino Holdings LLC
Saratoga Harness Racing INC
Quit Claim Deed
—
—
—
Saratoga Casino Holdings LLC
—
Deed Of Trust
related
$36,417,327 · Manufacturers & Traders Tr
—
—
Saratoga Casino Holdings LLC
—
Loan Modification
related
$36,417,327 · Manufacturers & Traders Tr
—
—
Saratoga Casino Holdings LLC
—
Deed Of Trust
related
$15,000,000 · Citizens 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Nelson Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
