Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1638 Un St Schenectady, NY 12309-6224

    • Investment properties
    • 1,780 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2020
    $330,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3482158
    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.

    Current Use by Public Records

    • Union Cajun Seafood & Wings / Restaurant
    • Pizza Hut / Restaurant

    Property Details for 1638 Un St

    Year built
    1987
    Lot size
    0.16 lot acres
    Property size
    1,780 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    421500 50.30-3-14
    APU
    4215005030314

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9036
    Latitude
    42.8041
    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
    $21,000
    $157,000
    $178,000
    -
    $26,582
    $198,734
    $225,316

    Comparable in this City

    • Value Estimation by Request
      4,281 SF

      1617 Un St

      STORE/OFFICE (MIXED USE) • 4,281 SF
      1617 Un St, Schenectady, NY 12309-6256
      View Details
    • Value Estimation by Request
      6,305 SF

      1671 Un St

      STORE/OFFICE (MIXED USE) • 6,305 SF
      1671 Un St, Schenectady, NY 12309-6282
      View Details
    • Value Estimation by Request
      2,520 SF

      1634 Un St

      STORE/OFFICE (MIXED USE) • 2,520 SF
      1634 Un St, Schenectady, NY 12309-6224
      View Details
    • Value Estimation by Request
      6,325 SF

      1650 Eastern Pkwy

      STORE/OFFICE (MIXED USE) • 6,325 SF
      1650 Eastern Pkwy, Schenectady, NY 12309-6012
      View Details
    • Value Estimation
      $565,000
      4,920 SF

      1610 Eastern Pkwy

      STORE/OFFICE (MIXED USE) • 4,920 SF
      1610 Eastern Pkwy, Schenectady, NY 12309-6012
      View Details
    • Value Estimation by Request
      1,520 SF

      198 Lishakill Rd

      STORE/OFFICE (MIXED USE) • 1,520 SF
      198 Lishakill Rd, Schenectady, NY 12309-3222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Turn-Key Pizzeria & Restaurant

      Profitable restaurant for sale in prime location.
      1007 Van Antwerp Rd, Schenectady, NY 12309
      View Details
    • $799,000
      3,833 SF

      Schenectady Commercial Property For Sale

      Well-located commercial property in Schenectady, offering visibility and accessibility.
      2855 Aqueduct Rd, Schenectady, NY 12309
      View Details
    • Contact for pricing
      0.13 Acres

      Niskayuna Vacant Land Opportunity

      Vacant lot in Niskayuna CSD, close to amenities.
      L30 Inwood Ave, Niskayuna, NY 12309
      View Details
    • $799,000
      3,833 SF

      Schenectady Retail Space For Sale

      Well-located property with high visibility and accessibility in Schenectady.
      2855 Aqueduct Rd, Schenectady, NY 12309
      View Details
    • Contact for pricing
      28,000 SF

      Medical Office Building For Sale

      Fully occupied medical office building with strong tenant lineup.
      2546 Balltown Rd, Schenectady, NY 12309
      View Details
    • $85,000
      1,109 SF

      Turn-Key Restaurant Opportunity

      Established Italian restaurant business for sale in prime location.
      1599 Union St, Schenectady, NY 12309
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      12,662 SF

      Niskayuna Commercial Space For Rent

      Commercial space in high-traffic Niskayuna location, suitable for medical/professional use.
      2310 E Nott St Unit, Niskayuna, NY 12309
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 2,471 to 3,520 square feet.
      402-442 Balltown Rd, Schenectady, NY 12309
      View Details
    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail or restaurant space available for lease.
      1625 Union St, Schenectady, NY 12309
      View Details
    • $19 SF/Yr
      3,628 SF

      Retail Space in Established Plaza

      Retail space in Schenectady's well-established shopping plaza for rent.
      1608 Union St, Schenectady, NY 12309
      View Details
    • Contact for pricing
      5,469 SF

      Class A Office Space Available

      Professional office building with modern amenities for rent.
      3140 Troy Schenectady Rd, Schenectady, NY 12309
      View Details
    • $18 SF/Yr
      12,738 SF

      Freestanding Retail Building For Lease

      Freestanding ±12,738 SF retail building available for lease.
      1215 Troy-Schenectady Rd, Niskayuna, NY 12309
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1638 Un St
    Schenectady, NY 12309-6224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!