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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Gas stations
1309 Altamont Ave, Schenectady, NY 12303-2911
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-5893928
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1985
Total area
3,936 SF
Lot
0.52 ac (22,651 SF)
Zoning code
B-2
APN
422800 59.6-5-10.1
UPID
US63-5893928
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
Current use
Occupant on record · Public records
-
Runway Express Gas Station
-
ATM (Trustco Bank) Atm
-
Sunoco Gas Station
-
Mama Julia's Pupuseria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Hpk Realestate LLC · 3 yrs held
Hpk Realestate LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
B-2 · 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
Method
Estimation
Statistic approach
$1,225,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.50M (Nov 15 2022)
Last sale anchor
$1.50M
Nov 15 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$344 / SF
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
$975,000
Assessed 2023
Previous assessed
$975,000
+0.0% YoY
Assessed land
$150,700
Assessed improvement
$824,300
Land market value
$198,290
Improvement market value
$1,084,610
Total market value
$1,282,900
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
1
Stories
1
Total area
3,936 SF
Lot
0.52 ac (22,651 SF)
Zoning code
B-2
APN
422800 59.6-5-10.1
UPID
US63-5893928
Jurisdiction
SCHENECTADY
Zoning & alternative use
B-2 · Schenectady, NY
Zoning B-2 · permitted uses
B-2 · 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
Year built
1985
Heating
NONE
Stories
1
Buildings
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Hpk Realestate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
85 KAUFMAN RD, MONTICELLO, NY 12701-3564
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
—
Hpk Realestate LLC
—
Deed
related
$1,500,000 · Majed Nesheiwat
Apr 25, 2023
—
Hpk Realestate LLC
—
Deed
related
$300,000 · Majed Nesheiwat
Nov 15, 2022
$1,500,000
Hpk Realestate LLC
Roma International Properties INC
Bargain And Sale Deed
—
May 1, 2008
—
Roma International Props INC
—
Trustees Deed
related
$100,000 · First Niagara Funding INC
Apr 18, 2008
$825,000
Roma International Props INC
Referee Of Schenectady County
Trustees Deed
$375,000 · First Niagara Funding INC
—
—
Roma International Props INC
—
Deed Of Trust
related
$533,295 · Berkshire Bank
—
—
Roma International Props INC
—
Deed Of Trust
related
$1,687,500 · Berkshire Bank
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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