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    Property profile & analytics

    1049 River Rd Selkirk, NY 12158

    • Commercial real estate
    • 4,246 SF
    • 2.30 lot acres
    For Sale
    View listing
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3196710
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Creekside Docs / Housing Society / Hotel

    Property Details for 1049 River Rd

    Year built
    1970
    Lot size
    2.30 lot acres
    Property size
    4,246 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 4,246 square foot mixed-use building situated on a generous 2.3-acre lot in Selkirk, New York. Currently operating as an eight-unit long-term boarding house for veterans, the property offers significant potential for various uses. The main building features a main house with three additional rooms, providing ample space for expansion or conversion. Constructed in 1970, the property benefits from public water and septic systems. Its prime location in Albany County, with the address 1049 River Rd, zip code 12158, presents a compelling opportunity for developers seeking a multifamily investment or a prime industrial development site. The property's size and existing infrastructure make it an attractive prospect for those seeking to capitalize on the growing demand for housing or industrial space in the area. The asking price is $475,000. This is a rare chance to acquire a substantial property with considerable upside potential in a desirable location. The property is located in the Town of Bethlehem.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Selkirk
    County
    Albany
    State
    New York
    Longitude
    -73.7699181
    Latitude
    42.5504388

    Comparable in this City

    • $175,000
      Pending

      Selkirk Multifamily Home with Income

      Multifamily home with income potential in Selkirk, New York.
      92 Bridge St, Selkirk, NY 12158
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    • $425,000
      4,246 SF

      Motel with Additional Residential Units

      8-room motel with multi-family home, currently a halfway house.
      1049 River Rd, Selkirk, NY 12158
      View Details
    • $325,000
      4.20 Acres

      Selkirk Mixed-Use Property - 4.2 Acres

      Prime Selkirk investment opportunity. 4.2 acres, mixed-use potential.
      26 Thatcher St, Selkirk, NY 12158
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    • $79,900
      2.37 Acres

      Residential Land in Selkirk, NY

      2.37 acres of vacant land in residential area.
      L33 Elm Ave E, Selkirk, NY 12158
      View Details
    • $1,500,000
      6,000 SF

      Selkirk Mixed-Use Investment

      Prime Route 9W location, high potential.
      1627-1635 Rt 9W, Selkirk, NY 12158
      View Details
    • $399,000
      142.00 Acres

      Selkirk Industrial Land - 142 Acres

      Prime Albany County industrial land. Excellent investment opportunity.
      0 Pictuay Rd, Selkirk, NY 12158
      View Details

    Similar Nearby for Sale

    • $175,000
      Pending

      Selkirk Multifamily Home with Income

      Multifamily home with income potential in Selkirk, New York.
      92 Bridge St, Selkirk, NY 12158
      View Details
    • $425,000
      4,246 SF

      Motel with Additional Residential Units

      8-room motel with multi-family home, currently a halfway house.
      1049 River Rd, Selkirk, NY 12158
      View Details
    • $325,000
      4.20 Acres

      Selkirk Mixed-Use Property - 4.2 Acres

      Prime Selkirk investment opportunity. 4.2 acres, mixed-use potential.
      26 Thatcher St, Selkirk, NY 12158
      View Details
    • $79,900
      2.37 Acres

      Residential Land in Selkirk, NY

      2.37 acres of vacant land in residential area.
      L33 Elm Ave E, Selkirk, NY 12158
      View Details
    • $1,500,000
      6,000 SF

      Selkirk Mixed-Use Investment

      Prime Route 9W location, high potential.
      1627-1635 Rt 9W, Selkirk, NY 12158
      View Details
    • $399,000
      142.00 Acres

      Selkirk Industrial Land - 142 Acres

      Prime Albany County industrial land. Excellent investment opportunity.
      0 Pictuay Rd, Selkirk, NY 12158
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      60,000 SF

      Industrial Building with Highway Visibility

      60,000 SF industrial building for lease with build-to-suit options.
      1381 River Rd, Selkirk, NY 12158
      View Details
    • $1,000 /Mo

      Blacktop Outdoor Storage Area

      Flat, dry outdoor storage space suitable for vehicles and equipment.
      1608 Us Route 9W, Beckers Corners, NY 12158
      View Details
    • $7 SF/Yr
      6,083 SF

      Bethlehem Warehouse Space Available

      6,083 SF Warehouse, 2 Docks, 6 Parking
      1521 Rte 9W, Selkirk, NY 12158
      View Details
    • $2,000 /Mo
      1,665 SF

      Selkirk Warehouse/Service Garage/Office Space

      1,665 SF warehouse/service garage/office space for lease.
      1521 S 9W, Selkirk, NY 12158
      View Details
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    1049 River Rd
    Selkirk, NY 12158
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    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
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