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    Property profile & analytics

    2330 Broadway Schenectady, NY 12306-4009

    • Office buildings
    • 1,612 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2522950
    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

    • Hopmeier Evans Gage Agency / Insurance Agency
    • Metroland Agency / Insurance Agency

    Property Details for 2330 Broadway

    Year built
    1980
    Lot size
    0.11 lot acres
    Property size
    1,612 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Office buildings
    APN
    421500 48.67-2-1
    APU
    421500486721

    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
    -73.9702
    Latitude
    42.7955
    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
    $15,100
    $97,900
    $113,000
    -
    $19,114
    $123,924
    $143,038

    Comparable in this City

    • Value Estimation
      $2,885,000
      22,790 SF

      1130 Westcott Rd

      OFFICE BUILDING • 22,790 SF
      1130 Westcott Rd, Schenectady, NY 12306-2014
      View Details
    • Value Estimation
      $1,510,000
      8,534 SF

      796 Burdeck St

      OFFICE BUILDING • 8,534 SF
      796 Burdeck St, Schenectady, NY 12306-1202
      View Details
    • Value Estimation by Request
      1,288 SF

      1811 Curry Rd

      OFFICE BUILDING • 1,288 SF
      1811 Curry Rd, Schenectady, NY 12306-4205
      View Details
    • Value Estimation
      $675,000
      6,040 SF

      1266 Duanesburg Rd

      OFFICE BUILDING • 6,040 SF
      1266 Duanesburg Rd, Schenectady, NY 12306-5805
      View Details
    • Value Estimation by Request
      10,188 SF

      1004 Princetown Rd

      PROFESSIONAL BUILDING • 10,188 SF
      1004 Princetown Rd, Schenectady, NY 12306-9769
      View Details
    • Value Estimation by Request
      4,800 SF

      151 Von Roll Dr

      OFFICE BUILDING • 4,800 SF
      151 Von Roll Dr, Schenectady, NY 12306-2445
      View Details

    Similar Nearby for Sale

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    • $299,000
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      Versatile Commercial/Mixed-Use Building For Sale

      Two-story, 4,450± SF commercial building suitable for various uses.
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    • Contact for pricing
      86,479 SF

      Former Kmart Box for Sale

      86,479 SF space suitable for retail, office, or warehouse.
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    • $300,000
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      Schenectady Two-Family Home

      Well-maintained two-family home in Upper Broadway neighborhood.
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      Schenectady Two-Family Home for Sale

      Two-family home in Bellevue neighborhood, Schenectady, NY.
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    Similar Nearby for Lease

    • $6,000 /Mo
      8,920 SF

      Versatile Mixed-Use Commercial Space

      7,000 sqft Rotterdam commercial space suitable for office or retail.
      2603 Guilderland Ave, Rotterdam, NY 12306
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      3,000 SF

      Flex Space with Insulated Garage

      High-visibility flex space with garage and office areas for rent.
      784 Burdeck St, Rotterdam, NY 12306
      View Details
    • $15 SF/Yr
      10,188 SF

      Office Space in Schenectady, NY

      Versatile office space in Rotterdam, ready for immediate occupancy.
      1004 Princetown Rd, Schenectady, NY 12306
      View Details
    • $15 SF/Yr
      10,188 SF

      Rotterdam Office Space Available

      Versatile office space in Rotterdam, ready for immediate occupancy.
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    • $2.00 SF/Yr
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      Retail Space on Curry Road

      Meticulously maintained commercial building with high visibility and ample parking.
      1225 Curry Rd, Rotterdam, NY 12306
      View Details
    • $3,200 /Mo
      2,800 SF

      Industrial Building with Fenced Yard

      2,800 SF industrial building with fenced yard for lease.
      105 Old Mill Ln, Schenectady, NY 12306
      View Details
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    2330 Broadway
    Schenectady, NY 12306-4009
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    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
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