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

    1201 Nott St, Unit 102 Schenectady, NY 12308

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $275,000

    Professional medical office condominium with exam rooms and garage spaces.

    Property size:
    4,481 SF
    Lot size:
    0.01 Acres

    Property Features for 1201 Nott St

    General Information

    Standard status
    Active
    Size
    4,481 SF
    Lot size
    0.01 Acres

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    CHRISTINE M SERAFINI
    Source: Corcoran

    Listing Agency: MIRANDA REAL ESTATE GROUP INC Listing Agent: CHRISTINE M SERAFINI

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

    Learn more

    Overview

    Medical Office Condo Near Hospital

    This professional office condominium offers over 4400 square feet of space in the Nott Street Medical Arts building, which is attached to Ellis Hospital. The layout includes a large waiting and reception area, two offices, eight exam rooms, three offices, and four bathrooms. The property is suitable for medical, dental, psychiatry, nutrition, health, and wellness practices. Two private garage spaces are included. The property is located at 1201 Nott Street #Suite 102, Schenectady, NY 12308.
    Location Intelligence

    Current Use by Public Records

    Stewart Susan Physical Therapist Roman Irene Occupational Therapist Dr. Page V. ... Internist Shahata Hani MD Doctor Dr. Kemp W. ... Internist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Hernas Veterinary Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.916493
    Latitude
    42.81912

    Nearby Similar for Sale

    • $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
    • $320,000
      2,940 SF

      Schenectady Two-Family Home Investment

      Two-family home near downtown Schenectady with rental and owner-occupier potential.
      947 Park Ave, Schenectady, NY 12308
      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
    • New
      $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
    • $374,900
      Pending

      Updated Two-Family Home in Schenectady

      Turnkey two-family home near downtown Schenectady with modern updates.
      332 Georgetta Dix Plz, Schenectady, NY 12307
      View Details
    • $365,000
      2,880 SF

      Mixed-Use Property in Schenectady, NY

      Mixed-use property with commercial space and residential apartment.
      351 Altamont Ave, Schenectady, NY 12303
      View Details
    • $675,000
      5,587 SF

      Downtown Schenectady Commercial Property For Sale

      Family-owned commercial property with versatile space in downtown Schenectady.
      111 Nott Terrace Hts, Schenectady, NY 12308
      View Details
    • $365,000
      2,880 SF

      Mixed-Use Property on High Traffic Avenue

      Prime mixed-use property with storefront and residential apartment.
      351 Altamont Ave, Schenectady, NY 12303
      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
    • $229,900
      Pending

      Schenectady Duplex: Investment Opportunity

      Spacious Schenectady duplex with potential, near shops and transportation.
      1907 Fairview Ave, Schenectady, NY 12306
      View Details

    FAQs

    What type of property is this?
    Medical office - Professional medical office condominium with exam rooms and garage spaces.
    Where is this medical office located?
    The property is located at 1201 Nott St, Unit 102 Schenectady, NY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Prime location in Nott Street Medical Arts building attached to Ellis Hospital.; - Over 4400 sq ft professional office condominium.; - Ideal for medical, dental, health, and wellness practices.
    (518) 356-1701
    Request Owner's contact information
    1201 Nott St, Unit 102 Schenectady, NY 12308
    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.
    1201 Nott St, Unit 102
    Schenectady, NY 12308
    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
    1201 Nott St, Unit 102 Schenectady, NY 12308
    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
    CHRISTINE M SERAFINI
    (518) 356-1701
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.