Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    740 Floo Schenectady, NY 12305
    Back to Search
    Property profile & analytics

    740 Floo Schenectady, NY 12305

    View on Map
    • Office Spaces
    • 0.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 740 Floo

    Year built
    1950
    Lot size
    0.40 lot acres
    Property type
    Office Spaces

    Description

    This exceptional commercial property located at 740 Union Street, Schenectady, NY, presents a unique investment opportunity. Situated on a sizable 0.4-acre lot, this office building offers significant potential for a variety of businesses. While the exact square footage is currently unavailable, the substantial lot size suggests ample space for expansion or redevelopment. The property's address in Schenectady places it within a dynamic and growing commercial area, offering excellent visibility and accessibility. The building's first-floor location provides convenient access and a strong street presence. This property is being offered at a price to be determined, making it an attractive proposition for investors seeking a flexible and potentially high-return investment. Serious inquiries are encouraged to explore the possibilities this property offers. The absence of a listed square footage necessitates an on-site inspection to fully assess the building's dimensions and layout. This presents a chance to tailor the space to specific business needs and maximize its potential. The 0.4-acre lot offers significant flexibility for future development or expansion, adding to the overall value and appeal of this commercial property. Contact us today to schedule a viewing and discuss the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9335
    Latitude
    42.8149

    Comparable in this City

    • Value Estimation by Request
      18,849 SF

      415 State St

      Retail properties & Spaces • 18,849 SF
      415 State St, Schenectady, NY 12305
      View Details
    • Value Estimation by Request
      26,176 SF

      251 State St

      Office Spaces • 26,176 SF
      251 State St, Schenectady, NY 12305
      View Details
    • Value Estimation by Request

      461 Clinton St

      Office Spaces
      461 Clinton St, Schenectady, NY 12305
      View Details
    • Value Estimation by Request
      0.40 Acres

      740 Floo

      Office Spaces • 0.40 Acres
      740 Floo, Schenectady, NY 12305
      View Details
    • Value Estimation
      $1,770,000
      161,606 SF

      1 Broadway Ctr

      OFFICE BUILDING • 161,606 SF
      1 Broadway Ctr, Schenectady, NY 12305-2554
      View Details
    • Value Estimation
      $2,895,000
      77,856 SF

      105 Jay St

      OFFICE BUILDING • 77,856 SF
      105 Jay St, Schenectady, NY 12305-1905
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.40 Acres

      Schenectady Office Building, 0.4 Acres

      Prime Schenectady office space, 0.4-acre lot.
      740 Floo, Schenectady, NY 12305
      View Details
    • $225,000
      1,677 SF

      Two-Story Office Building For Sale

      Two-story office building with retail space and off-street parking.
      162 Lafayette St, Schenectady, NY 12305
      View Details
    • $225,000
      1,677 SF

      Two-Story Office Building For Sale

      Two-story office building with salon and office space for sale.
      162 Lafayette St, Schenectady, NY 12305
      View Details
    • $350,000
      2,580 SF

      Turnkey Auto Body Repair Shop

      Auto body repair shop with office, near highways and businesses.
      814 Broadway, Schenectady, NY 12305
      View Details
    • $275,000
      1,323 SF

      Updated Victorian Mixed-Use Building

      Turn-key mixed-use building with office and residential space.
      153 Barrett St, Schenectady, NY 12305
      View Details
    • $699,900
      0.09 Acres

      Prime Schenectady Mixed-Use Property

      Downtown Schenectady investment opportunity. High-return potential.
      140 Clinton St, Schenectady, NY 12305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,918 SF

      Downtown Schenectady Commercial Space Available

      Prime downtown commercial space with strong street presence and flexible layout.
      447 State St, Schenectady, NY 12305
      View Details
    • $995 /Mo
      1,677 SF

      Downtown Office Space with Porch

      Second-floor office space with downtown views and private offices.
      162 Lafayette St, Schenectady, NY 12305
      View Details
    • $1,500 /Mo
      5,388 SF

      Historic Schenectady Building with Office/Retail

      Unique office and retail spaces in historic Campbell House.
      101 State St, Schenectady, NY 12305
      View Details
    • Contact for pricing
      55,000 SF

      Prime Office Space Available

      Sublease office space with building signage and easy access.
      433 State St, Schenectady, NY 12305
      View Details
    • $2,400 /Mo

      Renovated Office Space with Views

      Renovated office space with open concept and great views.
      426 State St, Schenectady, NY 12305
      View Details
    • $15 SF/Yr
      4,655 SF

      Downtown Schenectady Retail/Office Space

      Charming, well-maintained space in the heart of downtown Schenectady.
      213 State St, Schenectady, NY 12305
      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.
    740 Floo
    Schenectady, NY 12305
    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
    740 Floo, Schenectady, NY, 12305
    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!