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    1525 Columbia Tpke Castleton, NY 12033-9599
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    Property profile & analytics

    1525 Columbia Tpke, Castleton, NY 12033-9599

    View on Map
    • Auto shops
    • 9,880 SF
    • 1.08 lot acres
    Off-Market
    Property ID
    US63-1934797
    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.
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Schodack Auto Body / Auto Repair Shop
    • Mike Slauson Automotive / Auto Repair Shop

    Property Details for 1525 Columbia Tpke

    Year built
    1950
    Lot size
    1.08 lot acres
    Zone code
    HC
    Property type
    Auto shops
    APN
    384489 178.9-2-4.1
    APU
    3844891789241

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $677,000
      Market price range: $335k - $1.21M
      AI Estimate
      $651,000
      Market price range: $366k - $1.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    Castleton
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6905
    Latitude
    42.5793
    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
    $102,000
    $431,500
    $533,500
    -
    $136,455
    $577,257
    $713,712

    Comparable in this City

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      1712 Rte 9th 9

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      2,955 SF

      2 Main St

      AUTO REPAIR, GARAGE
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      3,020 SF

      4154 Us Hwy 20

      AUTO REPAIR, GARAGE
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      4179 Us Hwy 20

      AUTO REPAIR, GARAGE
      4179 Us Hwy 20, Castleton, NY 12033
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    • Value Estimation by Request
      1,098 SF

      63 Main St

      AUTO REPAIR, GARAGE
      63 Main St, Castleton, NY 12033-1207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,702 SF

      Retail Building on Large Land

      Retail building on 6.41 acres at Routes 9 and 20.
      1836 Columbia Tpke, Castleton on Hudson, NY 12033
      View Details
    • $4,600,000

      Fully Occupied Neighborhood Shopping Center

      Neighborhood shopping center with stable tenancy and buildable land.
      1649 Columbia Tpke, Castleton, NY 12033
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    • Contact for pricing
      2,200 SF

      Commercial Land with Road Frontage

      7.42 acres of commercial land with road frontage.
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    • $1,730,000
      Pending

      Versatile Industrial Facility Near Amazon

      30,000+ sqft building on 9.06 acres near distribution center.
      1688 Us-9, Castleton, NY 12033
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    • Contact for pricing

      Land Near Interstate 90

      Vacant land with easy access to Interstate 90.
      7 Empire State Blvd, Castleton on Hudson, NY 12033
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    • $724,999
      6,200 SF

      Schodack Office Space For Sale

      Office space with meeting room, kitchen, and ample parking.
      1670 Columbia Tpke, Castleton on Hudson, NY 12033
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Main Street Commercial Space Available

      Renovated commercial space in Castleton, approximately 500 sq ft.
      98 S Main St, Castleton on Hudson, NY 12033
      View Details
    • Contact for pricing
      450,000 SF

      Schodack Build-to-Suit Opportunity

      42.41 acres available for build to suit opportunity.
      71 Schodack Dr, Castleton, NY 12033
      View Details
    • $1,800 /Mo
      8,226 SF

      Professional Office Space Available

      Well-laid out office space suitable for various professional uses.
      1654 Columbia Tpke, Castleton on Hudson, NY 12033
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    • Contact for pricing
      992 SF

      Renovated Office Space Available

      Recently renovated office space featuring multiple offices and conference rooms.
      81 Miller Rd, East Greenbush, NY 12033
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      One acre of commercial land available for build to suit.
      75 Miller Rd, East Greenbush, NY 12033
      View Details
    • Contact for pricing
      1,157 SF

      Move-in Ready Medical Office Space

      1,262 RSF medical office space with two in-suite bathrooms.
      77 Miller Rd, East Greenbush, NY 12033
      View Details
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    Castleton, NY 12033-9599
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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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    1525 Columbia Tpke, Castleton, NY, 12033
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