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    2603 Guilderland Ave Rotterdam, NY 12306
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    Property profile & analytics

    2603 Guilderland Ave Rotterdam, NY 12306

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    • Investment properties
    • 8,920 SF
    • 0.24 lot acres
    For Lease
    $6,000/Mo
    View Listing →
    Versatile Mixed-Use Commercial Space 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 Avenue, Rotterdam, NY 12306
    View Listing
    Property ID
    US63-1420518
    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.
    Value Estimations
    $835,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ingalls & Associates / Engineering Consultant / Environmental Consultant

    Property Details for 2603 Guilderland Ave

    Year built
    1970
    Lot size
    0.24 lot acres
    Property size
    8,920 SF
    Zone code
    B-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    422800 48.20-2-6
    APU
    422800482026

    Description

    This exceptional commercial property, located at 2603 Guilderland Avenue, Unit 2603, in Rotterdam, New York, presents a unique opportunity for businesses seeking a strategic location. Situated on a sizable 0.24-acre lot, this office space offers ample room for expansion or outdoor amenities. The property's address is easily accessible, providing convenient access for clients and employees. While the precise square footage is currently unavailable, the generous lot size suggests a substantial building footprint. The property is classified as an office space, making it suitable for a wide range of professional uses. The asking price is currently listed as zero, indicating a potentially negotiable sale price. Interested parties are encouraged to inquire for further details and to schedule a viewing to assess the property's full potential and determine its suitability for their specific business needs. This is a rare opportunity to acquire a well-located commercial property in a thriving area of Rotterdam, New York. The property's size and location make it an attractive investment for businesses seeking to establish or expand their operations. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $840,000
      ML approach
      $745,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $530,000
      Market price range: $398k - $1.18M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,335,000
      OFFICE BUILDING
      $885,000
      AUTO REPAIR, GARAGE
      $865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9696
    Latitude
    42.7893
    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
    $33,200
    $266,800
    $300,000
    -
    $43,680
    $351,020
    $394,700

    Comparable in this City

    • Value Estimation by Request
      1,584 SF

      2903 Guilderland Ave

      STORE/OFFICE (MIXED USE) • 1,584 SF
      2903 Guilderland Ave, Schenectady, NY 12306-3722
      View Details
    • Value Estimation by Request
      693 SF

      2320 Guilderland Ave

      STORE/OFFICE (MIXED USE) • 693 SF
      2320 Guilderland Ave, Schenectady, NY 12306-4429
      View Details
    • Value Estimation by Request
      1,200 SF

      3166 Thompson St

      STORE/OFFICE (MIXED USE) • 1,200 SF
      3166 Thompson St, Schenectady, NY 12306-1541
      View Details
    • Value Estimation by Request
      808 SF

      1221 Curry Rd

      STORE/OFFICE (MIXED USE) • 808 SF
      1221 Curry Rd, Schenectady, NY 12306-3707
      View Details
    • Value Estimation by Request
      1,356 SF

      1217 Curry Rd

      STORE/OFFICE (MIXED USE) • 1,356 SF
      1217 Curry Rd, Schenectady, NY 12306-3707
      View Details
    • Value Estimation by Request
      3,600 SF

      3055 Guilderland Ave

      STORE/OFFICE (MIXED USE) • 3,600 SF
      3055 Guilderland Ave, Schenectady, NY 12306-3601
      View Details

    Similar Nearby for Sale

    • $899,900
      5,837 SF

      Mixed-Use Commercial Property For Sale

      High-traffic location with diversified income potential in a growing corridor.
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      View Details
    • Contact for pricing
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    • $39,900

      Schenectady Vacant Land Opportunity

      Vacant lot in growing area, ideal for development.
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    • $45,000

      Two Lots with Road Frontage

      Two lots totaling 1.14 acres with road frontage.
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    • $2,250,000
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      Established Restaurant/Catering Opportunity

      Thriving restaurant with two kitchens, dining area, and banquet room.
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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
      View Details
    • $6,000 /Mo
      8,920 SF

      Versatile Mixed-Use Commercial Space

      7,000 sqft commercial space suitable for office or retail.
      2603 Guilderland Ave, Rotterdam, NY 12306
      View Details
    • $17 SF/Yr
      9,020 SF

      Retail Space Ready for Design

      5,000 square feet of retail space available for rent.
      647 Mariaville Rd, Rotterdam, NY 12306
      View Details
    • $2.00 SF/Yr
      3,360 SF

      Retail Space on Curry Road

      Meticulously maintained commercial building with high visibility and ample parking.
      1225 Curry Rd, Rotterdam, NY 12306
      View Details
    • $2.00 SF/Yr
      3,360 SF

      Retail Space on Curry Road

      Meticulously maintained retail space with high visibility and full basement.
      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
    View Listing
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    Rotterdam, NY 12306
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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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