22 Freemans Brg Rd Glenville, NY 12302-3604
Property profile & analytics
22 Freemans Brg Rd Glenville, NY 12302-3604
- Auto shops
- 5,978 SF
- 1.75 lot acres
Property ID
US63-1125130
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.
Location Intelligence
Current Use by Public Records
- Gerber Collision & Glass / Auto Repair Shop
Property Details for 22 Freemans Brg Rd
- Year built
- 1985
- Lot size
- 1.75 lot acres
- Property size
- 5,978 SF
- Zone code
- CON
- Property type
- Auto shops
- APN
- 422289 30.19-1-25.1
- APU
- 42228930191251
Description
This fee-simple investment opportunity presents a 5,978 square foot auto shop in Schenectady, NY, operating under a corporate-guaranteed Net Lease with Caliber Collision/Gerber Collision. The property, situated on a prominent 1.75-acre lot at 22 Freemans Bridge Rd (zip code 12302), boasts a strong 8.23% cap rate and a current NOI of $72,000. Built in 1985, the facility benefits from a high-traffic location with over 24,000 vehicles passing daily. The current lease, commencing January 15, 2018, and expiring June 14, 2028, offers a remaining term of approximately 3.6 years, with two 5-year options, each including a 4% rent increase. This provides a hedge against inflation and ensures long-term income potential. The tenant, backed by a corporate guarantee, offers significant financial stability. The property's location within a thriving commercial corridor, near major retailers like Lowe's, Subway, and Walmart, further enhances its investment appeal. This is a single-tenant, fee-simple ownership opportunity with minimal landlord responsibilities and strong tenant demand. The property is ideally suited for investors seeking a stable, low-management investment with significant upside potential. The lease is a Double Net (NN) lease.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Glenville
- County
- Schenectady
- State
- New York
- Longitude
- -73.9313
- Latitude
- 42.8331
- 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
$100,100
$209,000
$309,100
-
$147,206
$307,353
$454,559
