Realmo Analytics
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Property summary
This exceptional commercial property, located at 1501 State Street in Schenectady, New York, presents a unique investment opportunity. The property encompasses a substantial 15,296 square feet of retail space situated on a generous 43,560 square foot lot. Its prime corner location ensures high visibility and accessibility, contributing to a consistent history of strong rental performance. The existing building offers ample space for a variety of retail uses, and the property further benefits… from approved plans for expansion. These plans allow for the addition of two new buildings, one approximately 2,500 square feet and another approximately 3,000 square feet, significantly increasing the potential rental income and overall value of the property. The property is zoned for commercial use and is conveniently located in Schenectady, NY, zip code 12304, offering easy access to major transportation routes and a thriving local market. The asking price for this exceptional commercial property is $2,400,000. This represents a compelling investment opportunity for those seeking a high-return property with significant growth potential in a desirable location. The property's size, location, and expansion possibilities make it an ideal choice for savvy investors looking to capitalize on the robust Schenectady commercial real estate market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 recorded sales · 14 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 15,296 SF
- Lot area
- 1 ac
- Year built
- 1984
- Stories
- 1
- APN
- 421500 49.76-5-2
- Zoning
- 05 - COMMERCIAL
- Assessed value · 2023
- $912,200
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Derived from the Schenectady market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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