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Property profile & analytics
OFF-MARKET
Industrial properties
121 Edison Ave, Schenectady, NY 12305
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US63-0366913
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
2.49 ac (108,464 SF)
Zoning code
06 - INDUSTRIAL
APN
421500 39.78-1-1.2
UPID
US63-0366913
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
104-112 Erie LLC · 17 yrs held
104-112 Erie LLC
since 2008
6 recorded transactions
Zoning & alternative use
06 - INDUSTRIAL · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Schenectady submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schenectady submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$277,300
Assessed 2023
Previous assessed
$277,300
+0.0% YoY
Assessed land
$201,500
Assessed improvement
$75,800
Land market value
$255,064
Improvement market value
$95,949
Total market value
$351,013
Applied tax rate
421,500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
2.49 ac (108,464 SF)
Zoning code
06 - INDUSTRIAL
APN
421500 39.78-1-1.2
UPID
US63-0366913
Jurisdiction
SCHENECTADY
Zoning & alternative use
06 - INDUSTRIAL · Schenectady, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · Schenectady, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schenectady. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.49 ac
Current owner
From public records · entity-resolved
104-112 Erie LLC
Entity
Mailing address
PO BOX 40224, BROOKLYN, NY 11204-0224
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2013
—
104-112 Erie LLC
—
Deed Of Trust
related
$2,200,000 · Standard Insurance Co
Dec 29, 2008
$291,500
104-112 Erie LLC
Erie Crossings LLC
Warranty Deed
related
—
—
—
104-112 Erie LLC
—
Deed Of Trust
related
$1,900,000 · 104 Erie Associates
—
—
104-112 Erie LLC
—
Deed Of Trust
related
$270,682 · Standard Insurance Co
—
—
104-112 Erie LLC
—
Deed Of Trust
related
$2,375,000 · First Commonwealth Bank
—
—
West Mall Office Center LLC
—
Deed Of Trust
related
$500,000 · Sally Rabine
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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