Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1411 Union St Schenectady, NY 12308
    Property profile & analytics

    1411 Union St, Schenectady, NY 12308

    View on Map
    • Retirement homes
    • 12,700 SF
    • 0.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Capital Region TMS / Crisis Center / Medical Clinic
    • Giokas George J MD / Physician
    • Mastro Elizabeth J / Physician
    • Thomas Qualtere, MD / Physician
    • Guadagno Cindy A MD / Physician

    Property Details for 1411 Union St

    Year built
    1991
    Lot size
    0.40 lot acres
    Property type
    Retirement homes
    Property subtype
    Office Spaces

    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
    -73.9138
    Latitude
    42.8087

    Comparable in this City

    • Value Estimation by Request
      168,448 SF

      107 Nott Ter

      HOMES (RETIRED, NURSING)
      107 Nott Ter, Schenectady, NY 12308-3170
      View Details
    • Value Estimation by Request
      0.21 Acres

      823 Eastern Ave

      Office Spaces
      823 Eastern Ave, Schenectady, NY 12308
      View Details
    • Value Estimation by Request
      0.40 Acres

      1411 Union St

      Office Spaces
      1411 Union St, Schenectady, NY 12308
      View Details
    • Value Estimation by Request
      2,206 SF

      2151 Van Vranken Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2151 Van Vranken Ave, Schenectady, NY 12308-1221
      View Details
    • Value Estimation by Request
      2,964 SF

      535 Nott St

      OFFICE/RESIDENTIAL (MIXED USE)
      535 Nott St, Schenectady, NY 12308-2232
      View Details
    • Value Estimation by Request
      3,545 SF

      1055 Nott St

      OFFICE/RESIDENTIAL (MIXED USE)
      1055 Nott St, Schenectady, NY 12308-2432
      View Details

    Similar Nearby for Sale

    • $125,000
      1,047 SF

      Schenectady Medical Office Condo

      1,047 SF Medical Office - $125K
      1201 Nott St, Schenectady, NY 12308
      View Details
    • Contact for pricing
      2,438 SF

      Turnkey Mixed-Use Property in Schenectady

      Mixed-use property with commercial kitchen and residential apartment in Schenectady.
      1685 Van Vranken Ave, Schenectady, NY 12308
      View Details
    • New
      $1,590,000
      Pending

      Brick Multifamily Investment Near Union College

      16-unit multifamily property near Union College with high cap rate.
      1011 Union St, Schenectady, NY 12308
      View Details
    • New
      $1,590,000
      Pending

      Brick Multifamily Investment Near Union College

      16-unit multifamily property near Union College with high returns.
      1011 Union St, Schenectady, NY 12308
      View Details
    • Contact for pricing
      10,809 SF

      16-Unit Multifamily Investment Opportunity

      Brick building near Union College generating $17,480 monthly gross rents.
      1011 Union St, Schenectady, NY 12308
      View Details
    • Contact for pricing
      10,809 SF

      All-Brick 16-Unit Multifamily Building

      All-brick 16-unit property with sprinkler coverage and a newer rubber roof for a straightforward residential income investment.
      1011 Union St, Schenectady, NY 12308
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      900 SF

      Renaissance Square Retail/Office Space

      900 SF retail or office space in developing corridor.
      823 Eastern Ave, Schenectady, NY 12308
      View Details
    • $10 SF/Yr
      900 SF

      Retail/Office Space in Developing Corridor

      New construction retail or office space in Schenectady for lease.
      823 Eastern Ave, Schenectady, NY 12308
      View Details
    • Contact for pricing
      833 SF

      Retail Property with Drive-Thru

      Retail property featuring drive-thru, high visibility, and multiple access points.
      1344 Gerling St, Schenectady, NY 12308
      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.
    1411 Union St
    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
    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
    1411 Union St, Schenectady, NY, 12308
    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!