2 Freemans Bridge Rd Schenectady, NY 12302
Turn key restaurants
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Entity Owned
3-yr Hold
~
Est. High Equity
For Lease
1 / 14
$1,400,000
2 Freemans Bridge Rd, Schenectady, NY 12302
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Estimated value (blended)
$1.40M
Range $1.26M – $1.54M (±10%)
Property ID
US63-5310970
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1850
Total area
9,793 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CON
APN
422289 30.19-1-22.11
UPID
US63-5310970
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wedding Service
-
General Contractor Construction Company
-
Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.40M
Owner & transaction history
since 2022
Last sale
$1.6M
1 recorded transaction
Zoning & alternative use
CON · Glenville, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.40M
Value range
$1.26M – $1.54M
±10% around blend
Estimated value / SF
$143 / SF
Confidence
Property data
75
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$1.26M
blend $1.40M
$1.54M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,793 SF
Lot area
0.96 ac
Year built
1850
Stories
2
APN
422289 30.19-1-22.11
Assessed value
$1,153,350
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.27M
Range $564k – $2.30M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.40M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 25 sales
$149
-4%
County 26 sales
$149
-4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $143/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.83%
Selected cap rate for this turn key restaurants
Derived from the Schenectady market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.83%
9.0%
NOI (est.)
$63k *
Last sale · Sep 2022
$1.61M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.65M
Move the market yield to see immediate price impact.
Value / SF
$169
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.33%3.83%4.33%
$57k
$1.71M
$1.49M
$1.31M
$63k
$1.90M
$1.65M
$1.46M
$70k
$2.09M
$1.82M
$1.61M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$1,153,350
Assessed 2023
Previous assessed
$1,153,350
+0.0% YoY
Assessed land
$328,100
Assessed improvement
$825,250
Land market value
$482,500
Improvement market value
$1,213,603
Total market value
$1,696,103
Applied tax rate
422,202.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1850
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
9,793 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CON
APN
422289 30.19-1-22.11
UPID
US63-5310970
Jurisdiction
SCHENECTADY
Zoning & alternative use
CON · Glenville, NYZoning CON · permitted uses
CON · Glenville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1850
Cooling
Yes
Stories
2
Buildings
1
Lot
0.96 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CON
Jurisdiction
Glenville, NY
Recorded code
CON
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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