Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7 Empire State Boulevard Castleton on Hudson, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant land with easy access to Interstate 90.

    Type:LAND
    Lot size:
    14.37 Acres
    Added:
    Jul 4, 2025
    Days on Market:
    299
    Last Refresh:
    Apr 5 at 10:52 pm

    Property Features for 7 Empire State Boulevard

    General Information

    Standard status
    Active
    Lot size
    14.37 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Kyle Rueckert
    Kyle Rueckert

    Listing agent Kyle Rueckert License #10301211707

    Listing office CBRE | Albany

    Listing date Jul 4, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Albany

    Overview

    Land Near Interstate 90

    This vacant lot, identified as Lot 7, is situated along Empire State Boulevard in the Town of Schodack, NY, and comprises approximately 14.37 acres. The property benefits from easy access to Interstate 90 and is located within 10 minutes of downtown Albany, SUNY East Campus, Rensselaer Tech Park, and the Amtrak Station. Utilities are available to the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Castleton on Hudson
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6827
    Latitude
    42.575

    Nearby Similar for Sale

    • $379,000
      4,120 SF

      Mixed-Use Property with Restaurant Potential

      Mixed-use property with apartments, cottage, and restaurant potential.
      1620 Columbia Turnpike, Castleton-on-Hudson, NY 12023
      View Details
    • $1,299,000
      7,608 SF

      Rented Multifamily Property on Acreage

      Ten-unit multifamily property with recent renovations and income potential.
      1300 S Schodack Road, Castleton On Hudson, NY 12033
      View Details
    • $245,000
      6,000 SF

      Castleton On Hudson Tavern/Restaurant

      Equipped tavern/restaurant with apartment potential in a neighborhood location.
      100 S Main Street, Castleton On Hudson, NY 12033
      View Details
    • $389,000
      2,247 SF

      Two-Family Home with River Views

      Newly built two-family property with Hudson River views.
      28-30 1st Street, Castleton On Hudson, NY 12033
      View Details
    • $699,000

      Vacant Land in Castleton, NY

      35.94 acres suitable for warehouse or light commercial development.
      1 Brown Drive, Castleton on Hudson, NY 12033
      View Details
    • $799,000
      3,702 SF

      Retail Building on Large Land

      Retail building on 6.41 acres at Routes 9 and 20.
      1836 Columbia Turnpike, Schodack, NY 12033
      View Details
    • $379,000
      4,120 SF

      Mixed-Use Property with Restaurant Potential

      Mixed-use property featuring apartments, cottage, and restaurant space.
      1620 Columbia Turnpike, Castleton-on-Hudson, NY 12023
      View Details
    • $379,000

      50+ Acre Parcel in Castleton

      50+ acre parcel ideal for retreat or horse farm.
      270 Clove Road, Castleton On Hudson, NY 12033
      View Details
    • $364,000

      Schodack Land Parcel For Sale

      50+ acre parcel suitable for farming or retreat.
      271 Clove Road, Schodack, NY 12033
      View Details
    • $390,000
      2,200 SF

      Commercial Land with Road Frontage

      7.42 acres of commercial land with road frontage.
      1598 Columbia Turnpike, Schodack, NY 12033
      View Details
    • $724,999
      6,200 SF

      Schodack Office Space For Sale

      Office space with meeting room, kitchen, and ample parking.
      1670 Columbia Turnpike, Schodack, NY 12033
      View Details
    • $724,999

      Office Space Near I-90 Exit

      Office space with meeting room, remodeled kitchen, and ample parking.
      1670 Columbia Tpke, Castleton-on-Hudson, NY, 12033-9513
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land with easy access to Interstate 90.
    Where is this land located?
    The property is located at 7 Empire State Boulevard Castleton on Hudson, NY.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: ±14.37 acre vacant lot available; Easy access to Interstate 90; Within 10 minutes of downtown Albany
    (518) 452-2700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Rueckert
    Kyle Rueckert
    Real Estate License ID: 10301211707
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!