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    298 Troy Schenectady Rd Latham, NY 12110
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    Property profile & analytics

    298 Troy Schenectady Rd, Latham, NY 12110

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    • Investment properties
    • 11,970 SF
    • 1.00 lot acres
    For Lease
    $870,000
    View Listing →
    Former Fitness Studio Available For Lease
    $870,000
    2,100 SF

    Former Fitness Studio Available

    Modern, built-out fitness studio with ample parking and high visibility.

    298 Troy Schenectady Rd, Latham, NY
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    Property ID
    US63-1824945
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 298 Troy Schenectady Rd

    Year built
    2015
    Lot size
    1.00 lot acres
    Zone code
    12
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    012689 31.8-1-8
    APU
    1268931818

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2020 — Hb & Latham LLC — Deed · related $1.3M · Catskill Hudson Bk
    May 21, 2014 $330,000 Hb Of Latham LLC 298 Troy Schenectady Road LLC Grant Deed —
    Jul 21, 2008 $135,000 Discipio Realty LLC Tanzanite Associates INC Grant Deed —
    Jul 1, 2008 $100 Tanzanite Associates INC Referee Of Albany County Trustees Deed · related —
    — — Hb Of Latham LLC — Loan Modification · related $382k · Catskill Hudson Bk
    — — Hb & Latham LLC — Loan Modification · related $1.3M · Catskill Hudson Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $768,000
      Market price range: $485k - $1.29M
      AI Estimate
      $686,000
      Market price range: $364k - $1.23M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $905,000
      Current use
      AUTO REPAIR, GARAGE
      $1,300,000
      Change: +44% Conversion: Difficult
      OFFICE BUILDING
      $770,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7436
    Latitude
    42.7424
    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
    $200,000
    $550,000
    $750,000
    -
    $392,160
    $1,078,440
    $1,470,600

    Comparable in this City

    • Value Estimation by Request
      1,492 SF

      3 Arcadia Ave

      STORE/OFFICE (MIXED USE)
      3 Arcadia Ave, Latham, NY 12110-4534
      View Details
    • Value Estimation
      $1,135,000
      15,000 SF

      898 New Loudon Rd

      STORE/OFFICE (MIXED USE)
      898 New Loudon Rd, Latham, NY 12110-2167
      View Details
    • Value Estimation by Request
      748 SF

      302 Troy Schenectady Rd

      STORE/OFFICE (MIXED USE)
      302 Troy Schenectady Rd, Latham, NY 12110-3417
      View Details
    • Value Estimation
      $650,000
      7,293 SF

      9 Century Hl Dr

      STORE/OFFICE (MIXED USE)
      9 Century Hl Dr, Latham, NY 12110-2113
      View Details
    • Value Estimation
      $1,725,000
      19,676 SF

      622 New Loudon Rd

      STORE/OFFICE (MIXED USE)
      622 New Loudon Rd, Latham, NY 12110-4070
      View Details
    • Value Estimation
      $3,335,000
      27,613 SF

      1210 Troy Schenectady Rd

      STORE/OFFICE (MIXED USE)
      1210 Troy Schenectady Rd, Latham, NY 12110-1027
      View Details

    Similar Nearby for Sale

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      Versatile commercial property in Latham, NY with development potential.
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      1.40 Acres

      Latham Mixed-Use Property Investment

      1.4-Acre Mixed-Use Opportunity in Latham, NY
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      Freestanding Office/Warehouse Facility For Sale

      27,698 SF office/warehouse with loading docks and fenced yard.
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    • $749,800
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      Latham Office Building For Sale

      Premium office building in Latham with high visibility.
      1134 Troy Schenectady Rd, Latham, NY 12110
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      1,680 SF

      Two-Story Office Building with Parking

      Two-story office building with reception, private offices, and parking designed for everyday professional use.
      1134 Troy Schenectady Rd, Latham, NY 12110
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    Similar Nearby for Lease

    • $18 SF/Yr
      2,530 SF

      Professional Office Space For Lease

      Second floor office suite available in Century Hill Office Park.
      11 Century Hill Dr, Latham, NY 12110
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      12,280 SF

      Retail Space in New Loudon

      Retail space available in a busy Latham shopping center.
      873 New Loudon Rd, Latham, NY 12110
      View Details
    • $19 SF/Yr
      4,608 SF

      Latham Office Space For Rent

      Flexible office space in a desirable commercial corridor.
      696 Troy Schenectady Rd, Latham, NY 12110
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    • Contact for pricing
      1,180 SF

      Latham Office Space Available

      Office space available for lease in Latham, New York.
      1074 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $17 SF/Yr
      195,149 SF

      Latham Retail/Warehouse Space Available

      Retail and warehouse space with high visibility on Route 7.
      836 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $17 SF/Yr
      39,826 SF

      Latham Office Space For Rent

      First floor office space in Airport Business Park.
      9 Cornell Rd, Latham, NY 12110
      View Details
    View Listing
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    Latham, NY 12110
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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.

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    298 Troy Schenectady Rd, Latham, NY, 12110
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