Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1125 Altamont Ave Schenectady, NY 12303

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $639,900

    Established auto body business with equipment and recent addition.

    Property size:
    2,400 SF

    Property Features for 1125 Altamont Ave

    General Information

    Size
    2,400 SF

    We can help!

    Listing Contact
    Pyramid Brokerage Albany
    Source: Pyramidbrokerage

    Listing Agent: Pyramid Brokerage Albany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Auto Body Business

    This is a turn-key auto body business opportunity. The property features 5 bay work areas and a dedicated paint booth. A large addition was constructed in 2018, including a new lift. There is an office area for customers and a separate business office in the rear of the building. The second level measures 16 feet by 30 feet and is finished and insulated, currently used as storage with potential for other uses. The property also includes a third-floor attic storage area with a thermal exhaust fan. The sale includes all related auto body tools, materials, frame straightening equipment, two compressors, multiple welders, paint tools, and other equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glenn's Auto Body Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Envy Autoworks, 2 Brother's Paint and Body, Mobile Auto Glass Services, 518 Collision, DePoalo Companies Inc

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9411932
    Latitude
    42.7880171

    Nearby Similar for Sale

    • New
      $260,000
      Pending

      Spacious Duplex in Bellevue Neighborhood

      Two-unit property with income potential in Schenectady's Bellevue neighborhood.
      2220-2222 Campbell Ave, Schenectady, NY 12306
      View Details
    • $375,000
      Pending

      Well-Maintained Rotterdam Two-Family Home

      Two-family home near shopping, amenities, with pool and garage.
      32 Wedgewood Ave, Rotterdam, NY 12303
      View Details
    • $899,900
      5,837 SF

      Mixed-Use Commercial Property For Sale

      High-traffic location with diversified income potential in Schenectady, NY.
      671 Mariaville Rd, Schenectady, NY 12306
      View Details
    • $350,000
      3,270 SF

      Schenectady Three-Family Property

      Move-in ready three-family property with rental income potential.
      57 N Brandywine Ave, Schenectady, NY 12307
      View Details
    • $950,000
      2,368 SF

      Schenectady Commercial Opportunity For Sale

      Turnkey restaurant and bar with apartment in high-traffic location.
      1490 State St, Schenectady, NY 12304
      View Details
    • $369,000
      3,648 SF

      Schenectady Mixed-Use Investment Opportunity

      Versatile building with storefronts and apartments near Union College.
      1697 Van Vranken Ave, Schenectady, NY 12308
      View Details
    • $399,900
      2,128 SF

      Mixed-Use Investment in Schenectady

      Versatile mixed-use property with commercial storefronts and residential apartment.
      601 Altamont Ave, Schenectady, NY 12303
      View Details
    • $450,000
      3,408 SF

      Mixed-Use Building in Union Street

      Three-story mixed-use building in the heart of the Union Street business district.
      1214 Union St, Schenectady, NY 12308
      View Details
    • $575,000
      5,473 SF

      Turnkey Restaurant with Versatile Commercial Space

      Turnkey restaurant with additional commercial space and residential apartment.
      2015 Rosa Rd, Niskayuna, NY 12309
      View Details
    • $199,000
      Pending

      Historic Stockade Two-Family Home

      Two-family home in Schenectady's historic Stockade neighborhood.
      117 N College St, Schenectady, NY 12305
      View Details
    • $499,900
      3,521 SF

      Iconic Restaurant/Bar in Schenectady

      Turnkey restaurant/bar with indoor/outdoor seating near Mohawk Harbor.
      1857 Van Vranken Ave, Schenectady, NY 12308
      View Details
    • $95,000
      1,109 SF

      Turn-Key Restaurant Opportunity, Schenectady

      Established Italian restaurant for sale in prime business district.
      1599 Union St, Schenectady, NY 12309
      View Details

    FAQs

    What type of property is this?
    Auto shop - Established auto body business with equipment and recent addition.
    Where is this auto shop located?
    The property is located at 1125 Altamont Ave Schenectady, NY.
    What is the asking price?
    The asking price for this property is $639,900.
    What are key features of this property?
    This property features: - Turn-key auto body business with existing high traffic flow.; - Includes all auto body tools, materials, and equipment.; - **5 bay work areas and dedicated paint booth.**
    (518) 452-2700
    Request Owner's contact information
    1125 Altamont Ave Schenectady, NY 12303
    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.
    1125 Altamont Ave
    Schenectady, NY 12303
    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
    1125 Altamont Ave Schenectady, NY 12303
    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

    We can help!
    Listing Contact
    Pyramid Brokerage Albany
    (518) 452-2700 (518) 469-2836 (518) 587-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.