Sign Up Successful!
You now have access to more from Realmo!
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

    1936 Van Vranken Ave Schenectady, NY 12308

    • Investment properties
    • 11,180 SF
    • 0.72 lot acres
    For Sale
    View listing
    $1,728,436
    Last Sale
    Jul 01, 2021
    $1,868,235
    Value Estimations
    Cap Rate Potential
    6.9%
    Investment properties
    Location Intelligence
    Property ID
    US63-2323185
    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

    • Dollar General / Discount Store
    • Paula Ogilvie / Pharmacy

    Property Details for 1936 Van Vranken Ave

    Year built
    1997
    Lot size
    0.72 lot acres
    Property size
    11,180 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    421500 39.35-4-1.1
    APU
    4215003935411

    Description

    This exceptional investment opportunity presents a fee-simple, 11,180 square foot Dollar General store located at 1936 Van Vranken Ave, Schenectady, NY 12308. Built in 2009 on a 0.72-acre lot, this property boasts a 100% occupancy rate with a strong corporate guarantee from Dollar General, a company with an investment-grade credit rating. The current lease, signed in 2020, is a Net Net Net (NNN) lease with a remaining term of six years and four, five-year options, each with a 10% rent increase. The asking price is $1,728,436, representing a price per square foot of $155 and a 7.35% cap rate. The property generates a net operating income (NOI) of $127,040. The location benefits from strong demographics, with a population of nearly 105,000 and an average household income exceeding $104,000 within a five-mile radius. Dollar General's history of consistent same-store sales growth, even during economic downturns, further enhances the investment's appeal. This is a second-generation location, suggesting favorable lease terms. The property's defensive nature, as a discount retailer, makes it a resilient investment in various economic climates. This is a passive income opportunity with minimal landlord responsibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,230,000
      ML approach
      $2,180,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,570,000
      6.5%
      $2,375,000
      7%
      $2,205,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,670,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9212
    Latitude
    42.8279
    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
    $250,000
    $1,404,600
    $1,654,600
    -
    $316,456
    $1,777,974
    $2,094,430

    Comparable in this City

    • Value Estimation by Request
      2,954 SF

      766 Eastern Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,954 SF
      766 Eastern Ave, Schenectady, NY 12308-3206
      View Details
    • Value Estimation by Request
      2,264 SF

      557 Nott St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,264 SF
      557 Nott St, Schenectady, NY 12308-2232
      View Details
    • Value Estimation by Request
      1,804 SF

      2301 Van Vranken Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,804 SF
      2301 Van Vranken Ave, Schenectady, NY 12308-1024
      View Details
    • Value Estimation by Request
      2,064 SF

      4 Nott Ter

      OFFICE/RESIDENTIAL (MIXED USE) • 2,064 SF
      4 Nott Ter, Schenectady, NY 12308-3110
      View Details
    • Value Estimation by Request
      4,257 SF

      1006 Un St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,257 SF
      1006 Un St, Schenectady, NY 12308-2804
      View Details
    • Value Estimation by Request
      2,563 SF

      1406 Un St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,563 SF
      1406 Un St, Schenectady, NY 12308-3010
      View Details

    Similar Nearby for Sale

    • $369,000

      Mixed-Use Building Near Union College

      Five-unit mixed-use building in Schenectady's vibrant Northside.
      1697 Van Vranken Ave, Schenectady, NY 12308
      View Details
    • $369,000
      3,648 SF

      Schenectady Mixed-Use Investment Opportunity

      Versatile building with storefronts and apartments near Union College.
      1697 Van Vranken Ave, Schenectady, NY 12308
      View Details
    • $348,000
      2,912 SF

      Mixed-Use Property with Turnkey Kitchen

      Mixed-use property with apartment and turnkey kitchen near Union College.
      764 Eastern Ave, Schenectady, NY 12308
      View Details
    • $450,000
      3,408 SF

      Mixed-Use Building in Union Street

      Three-story mixed-use building in the heart of the Union Street business district.
      1214 Union St, Schenectady, NY 12308
      View Details
    • $125,000
      1,047 SF

      Schenectady Medical Office Condo

      1,047 SF Medical Office - $125K
      1201 Nott St, Schenectady, NY 12308
      View Details
    • $750,000
      9,900 SF

      Downtown Schenectady Commercial Land

      Prime 9,900 sq ft lot, high growth area.
      111 Nott Terrace Hts, Schenectady, NY 12308
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      6,273 SF

      Retail Spaces Available For Rent

      Two retail locations available for rent.
      1101 Parkwood Blvd, Schenectady, NY 12308
      View Details
    • $10 SF/Yr
      900 SF

      Retail/Office Space in Developing Corridor

      New construction retail or office space in Schenectady for lease.
      823 Eastern Ave, Schenectady, NY 12308
      View Details
    • $10 SF/Yr
      900 SF

      Renaissance Square Retail/Office Space

      900 SF retail or office space in developing corridor.
      823 Eastern Ave, Schenectady, NY 12308
      View Details
    • Contact for pricing
      3,737 SF

      Retail Property with Drive-Thru

      Retail property featuring drive-thru, high visibility, and multiple access points.
      1344 Gerling St, Schenectady, NY 12308
      View Details
    • $15 SF/Yr
      10,700 SF

      Schenectady Office/Medical Space Available

      5,350 sq. ft. office or medical space for rent.
      1401 Union St, Schenectady, NY 12308
      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.
    1936 Van Vranken Ave
    Schenectady, NY 12308
    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.