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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2370 State Hwy 67 Amsterdam, NY 12010-6806

    • Office buildings
    • 2,412 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1990878
    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

    • Office buildings

    Property Details for 2370 State Hwy 67

    Year built
    1996
    Lot size
    1.26 lot acres
    Property size
    2,412 SF
    Property type
    Office buildings
    APN
    412200 224.-1-7
    APU
    41220022417

    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
    Amsterdam
    County
    Saratoga
    State
    New York
    Longitude
    -74.0305
    Latitude
    42.9737
    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
    $58,300
    $172,900
    $231,200
    -
    $106,000
    $314,364
    $420,364

    Comparable in this City

    • Value Estimation by Request
      7,300 SF

      143 Main St

      PROFESSIONAL BUILDING • 7,300 SF
      143 Main St, Amsterdam, NY 12010-4803
      View Details
    • Value Estimation by Request
      1,353 SF

      128 Market St

      OFFICE BUILDING • 1,353 SF
      128 Market St, Amsterdam, NY 12010-3624
      View Details
    • Value Estimation by Request
      3,782 SF

      100 Holland Cir Dr

      OFFICE BUILDING • 3,782 SF
      100 Holland Cir Dr, Amsterdam, NY 12010-7551
      View Details
    • Value Estimation by Request
      14,560 SF

      35-37 Main St

      OFFICE BUILDING • 14,560 SF
      35-37 Main St, Amsterdam, NY 12010
      View Details
    • Value Estimation by Request
      0.50 Acres

      4704-4708 Sthwy 30

      OFFICE BUILDING • 0.50 Acres
      4704-4708 Sthwy 30, Amsterdam, NY 12010
      View Details
    • Value Estimation by Request
      3,104 SF

      427 Guy Park Ave

      PROFESSIONAL BUILDING • 3,104 SF
      427 Guy Park Ave, Amsterdam, NY 12010-1003
      View Details

    Similar Nearby for Sale

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      Unique Octagon Office Building For Sale

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    • $340,000
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      Historic Amsterdam Property for Renovation

      Charming property in Amsterdam, NY, offering unique renovation potential.
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    • $295,000
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      Visible Building on Route 30

      Office building with high visibility and ample storage space.
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    • $539,900
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      Amsterdam Office Building - $539,900

      Prime downtown location, renovated office/medical building.
      2 Guy Park Ave, Amsterdam, NY 12010
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    • $95,000
      4,000 SF

      Mixed-Use Building with Redevelopment Potential

      4,000± sq ft Amsterdam building with redevelopment and expansion potential.
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    • $175,000
      8,000 SF

      Versatile Industrial Building in Amsterdam

      8,000 sq ft warehouse and office space for sale.
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    Similar Nearby for Lease

    • $2,500 /Mo
      1,546 SF

      Renovated Office Building on Route 30

      Recently renovated office building on a busy corridor.
      4700 State Highway 30, Amsterdam, NY 12010
      View Details
    • $5 SF/Yr
      95,571 SF

      Office and Warehouse Space Available

      Office and warehouse spaces for rent with ample parking.
      100 Church St, Amsterdam, NY 12010
      View Details
    • $6 SF/Yr

      The Park #10

      5,000 - 200,000 SF of Industrial Space Available in Amsterdam, NY 12010
      10 Park St, Amsterdam, NY 12010
      View Details
    • New
      $400 /Mo
      5,537 SF

      Newly Renovated Private Office Suites

      Flexible, furnished office suites available in a shared professional building.
      2 Guy Park Ave, Amsterdam, NY 12010
      View Details
    • New
      $400 /Mo
      5,537 SF

      Renovated Office Suites Available

      Newly renovated office suites with flexible options and included utilities.
      2 Guy Park Ave, Amsterdam, NY 12010
      View Details
    • Contact for pricing

      Commercial Space on Route 30

      Versatile commercial space suitable for medical, retail, or office use.
      4861 State Highway 30, Amsterdam, NY 12010
      View Details
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    2370 State Hwy 67
    Amsterdam, NY 12010-6806
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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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