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    117 Ontario St Cohoes, NY 12047-3417

    • Investment properties
    • 782 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    $175,000
    Show details
    Cap Rate Potential
    3.7%
    Investment properties
    Location Intelligence
    Property ID
    US63-2609583
    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

    • Charlize Hair Studio / Hair Salon

    Property Details for 117 Ontario St

    Year built
    1950
    Lot size
    0.02 lot acres
    Property size
    782 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010300 11.53-3-35
    APU
    103001153335

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $210,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $155,000
      6.5%
      $140,000
      7%
      $130,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cohoes
    County
    Albany
    State
    New York
    Longitude
    -73.6895
    Latitude
    42.7734
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $6,300
    $13,700
    $20,000
    -
    $15,750
    $34,250
    $50,000

    Comparable in this City

    • Value Estimation
      $195,000
      1,242 SF

      1162 New Loudon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,242 SF
      1162 New Loudon Rd, Cohoes, NY 12047-4904
      View Details
    • Value Estimation
      $190,000
      3,330 SF

      216 Remsen St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,330 SF
      216 Remsen St, Cohoes, NY 12047-3023
      View Details
    • Value Estimation
      $220,000
      2,924 SF

      150 Remsen St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,924 SF
      150 Remsen St, Cohoes, NY 12047-2840
      View Details
    • Value Estimation
      $195,000
      4,074 SF

      225 Remsen St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,074 SF
      225 Remsen St, Cohoes, NY 12047-3024
      View Details
    • Value Estimation
      $215,000
      3,010 SF

      158-160 Remsen St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,010 SF
      158-160 Remsen St, Cohoes, NY 12047
      View Details
    • Value Estimation
      $250,000
      1,596 SF

      208 Ontario St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,596 SF
      208 Ontario St, Cohoes, NY 12047-3107
      View Details

    Similar Nearby for Sale

    • $450,000
      0.06 Acres

      Cohoes Mixed-Use Investment Opportunity

      Prime Cohoes location, 0.06-acre lot, $450,000.
      91 Remsen St, Cohoes, NY 12047
      View Details
    • $599,000
      Pending

      Historic Mixed-Use Building in Cohoes

      Fully occupied, renovated mixed-use building with strong income potential.
      86 Remsen St, Cohoes, NY 12047
      View Details
    • $2,400,000
      23,000 SF

      +/- 23,000 SF Office Building For Sale

      +/- 23,000 SF Office Building For Sale
      621 Columbia Street Ext, Cohoes, NY 12047
      View Details
    • $350,000
      Pending

      Commercial Land in Downtown Cohoes

      1.04 acre commercial land for sale in downtown Cohoes.
      178 Ontario St, Cohoes, NY 12047
      View Details
    • $105,000
      1.30 Acres

      Residential Land in Cohoes, NY

      1.3 acres in North Colonie School District near shopping.
      5 Landor Ln, Cohoes, NY 12047
      View Details
    • $795,000

      Corner Land Parcel For Sale

      1.38 acre corner lot with high traffic volume.
      610 Boght Rd, Cohoes, NY 12047
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo
      9,472 SF

      Mixed-Use Building with Retail Spaces

      Mixed-use building with retail and office space for lease.
      143-149 Remsen St, Cohoes, NY 12047
      View Details
    • $1,295 /Mo
      18,860 SF

      Downtown Cohoes Office Space Available

      1400 SF office space with 6 suites for rent.
      130 Remsen St, Cohoes, NY 12047
      View Details
    • $12 SF/Yr
      10,000 SF

      Versatile Space on Remsen Street

      Adaptable retail, office, or warehouse space with high ceilings.
      205 Remsen St, Cohoes, NY 12047
      View Details
    • $1,800 /Mo
      3,536 SF

      Cohoes Commercial Space For Rent

      Commercial space available on highly traveled Columbia Street in Cohoes.
      148 Columbia St, Cohoes, NY 12047
      View Details
    • $995 /Mo

      Corner Commercial Space For Rent

      First-floor corner commercial space suitable for a tea or coffee shop.
      12 White St, Cohoes, NY 12047
      View Details
    • Contact for pricing
      30,000 SF

      Cohoes Retail Space - Route 9R

      Prime 30,000 SF Retail Space, Albany County
      637 Columbia St Ext, Cohoes, NY 12047
      View Details
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    117 Ontario St
    Cohoes, NY 12047-3417
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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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