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Financial
Distress signals
Property profile

1501 State St Schenectady, NY 12304

FOR SALE
Strip malls
Property ID
US63-2558772
15,296 SF 1 ac lot Built 1984
Last sale Nov 2007 · $925,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$912k
Assessed land$69k
Assessed improvement$844k

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$305k
NOI build-up
Gross scheduled income$275k
Vacancy & credit loss−$12k
Operating expenses−$79k
NOI · 7.69% cap applied$185k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
7.69%
$185k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
05 - COMMERCIAL
JurisdictionSCHENECTADY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency26.6
Law Firm22.5
HVAC Service13.3

Location

1501 State St Schenectady, NY 12304
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

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 nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Watt, Schenectady, NY 12304 $10,700,000 Sep 2023 115,555 SF
Balltown, Schenectady, NY 12304 $66,000,000 Feb 2023 102,862 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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