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    Property profile & analytics

    1856 State St Schenectady, NY 12304-2034

    • Investment properties
    • 7,426 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Last Sale
    Oct 22, 2020
    $450,000
    Location Intelligence
    Property ID
    US63-1821427
    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

    • Bright Hope Center / School Center / Special Education School

    Property Details for 1856 State St

    Year built
    1987
    Lot size
    0.26 lot acres
    Property size
    7,426 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    421500 60.47-1-7
    APU
    421500604717

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $435,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $375,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $370,000
      Mixed-Use
      $380,000
      Hospitality
      $465,000
      Educational
      $435,000
      Residential Income
      $505,000
      Energy
      $390,000
      Income-Based Land
      $395,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9026
    Latitude
    42.7784
    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
    $26,500
    $270,500
    $297,000
    -
    $33,544
    $342,405
    $375,949

    Comparable in this City

    • Value Estimation by Request
      1,828 SF

      1735 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,828 SF
      1735 State St, Schenectady, NY 12304-1832
      View Details
    • Value Estimation by Request
      1,677 SF

      1455 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,677 SF
      1455 State St, Schenectady, NY 12304-2822
      View Details
    • Value Estimation by Request
      1,664 SF

      2002 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,664 SF
      2002 State St, Schenectady, NY 12304
      View Details
    • Value Estimation by Request
      1,804 SF

      1763 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,804 SF
      1763 State St, Schenectady, NY 12304-1829
      View Details
    • Value Estimation by Request
      2,819 SF

      1119 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,819 SF
      1119 State St, Schenectady, NY 12304-2647
      View Details
    • Value Estimation by Request
      1,592 SF

      4 Marshall Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,592 SF
      4 Marshall Ave, Schenectady, NY 12304-2016
      View Details

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    Similar Nearby for Lease

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      Commercial Space in High-Traffic Area

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      Medical office space available near Ellis Hospital, Schenectady, NY.
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    • Contact for pricing
      58,005 SF

      Woodlawn Plaza: Prime Schenectady Space

      Retail/Office Opportunity, 16,000 SF Available
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    1856 State St
    Schenectady, NY 12304-2034
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    Realmo Value Estimation

    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.

    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.

    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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