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Property profile & analytics
FOR LEASE
Investment properties
298 Troy Schenectady Rd Latham, NY 12110
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-1824945
For Lease
1 / 2
$870,000
298 Troy Schenectady Rd, Latham, NY 12110
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2015
Total area
11,970 SF
Lot
1 ac (43,560 SF)
Zoning code
12
APN
012689 31.8-1-8
UPID
US63-1824945
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$870k
Owner & transaction history
Hb Of Latham LLC · 12 yrs held
Hb Of Latham LLC
since 2014
6 recorded transactions
Zoning & alternative use
12 · Latham, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+44.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Latham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Latham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$750,000
Assessed 2023
Previous assessed
$750,000
+0.0% YoY
Assessed land
$200,000
Assessed improvement
$550,000
Land market value
$392,160
Improvement market value
$1,078,440
Total market value
$1,470,600
Applied tax rate
12,605.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2015
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
11,970 SF
Lot
1 ac (43,560 SF)
Zoning code
12
APN
012689 31.8-1-8
UPID
US63-1824945
Jurisdiction
ALBANY
Zoning & alternative use
12 · Latham, NY
Zoning 12 · permitted uses
12 · Latham, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Latham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$770,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
1 ac
Current owner
From public records · entity-resolved
Hb Of Latham LLC
Entity
Free & Clear · 12 yrs held
Mailing address
112 WOLF RD, ALBANY, NY 12205-1207
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2020
—
Hb & Latham LLC
—
Deed
related
$1,341,845 · 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
$381,955 · Catskill Hudson Bk
—
—
Hb & Latham LLC
—
Loan Modification
related
$1,341,845 · Catskill Hudson Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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