Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 Michigan Ave Schenectady, NY 12303-1017
    Back to Search
    Property profile & analytics

    300 Michigan Ave, Schenectady, NY 12303-1017

    View on Map
    • Investment properties
    • 2,708 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Sep 25, 2024
    $350,000
    Property ID
    US63-0515767
    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

    • Tobac-Go Smoke Shop / (Bike/Boat/Book/etc) Store
    • Park Inn of Schenectady / Bar & Pub / Restaurant

    Property Details for 300 Michigan Ave

    Year built
    1984
    Lot size
    0.12 lot acres
    Zone code
    02 - SINGLE RESIDENCE
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    421500 49.58-1-4
    APU
    421500495814

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 25, 2024 $350,000 Big Movemnet Rentals LLC Shelby White Warranty Deed $263k · Sunmark FCU
    Jul 11, 2016 — Shelby J White Lotano,james V & Dolores M Grant Deed —
    Oct 18, 2011 — James V Lotano Lotano,james V Quit Claim Deed · related —
    Mar 27, 2009 $120,000 James V Lotano Lotano,carmine Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9318
    Latitude
    42.7968
    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
    $15,900
    $108,500
    $124,400
    -
    $20,127
    $137,341
    $157,468

    Comparable in this City

    • Value Estimation by Request
      2,547 SF

      727 Crane St

      OFFICE/RESIDENTIAL (MIXED USE)
      727 Crane St, Schenectady, NY 12303-1136
      View Details
    • Value Estimation by Request
      2,550 SF

      610 Michigan Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      610 Michigan Ave, Schenectady, NY 12303-1316
      View Details
    • Value Estimation by Request
      2,436 SF

      1459 Santa Fe St

      OFFICE/RESIDENTIAL (MIXED USE)
      1459 Santa Fe St, Schenectady, NY 12303-1335
      View Details
    • Value Estimation by Request
      2,604 SF

      906 Francis Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      906 Francis Ave, Schenectady, NY 12303-1116
      View Details
    • Value Estimation by Request
      2,752 SF

      966 Francis Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      966 Francis Ave, Schenectady, NY 12303-1150
      View Details
    • Value Estimation by Request
      6,596 SF

      1096 Catalyn St

      OFFICE/RESIDENTIAL (MIXED USE)
      1096 Catalyn St, Schenectady, NY 12303-1835
      View Details

    Similar Nearby for Sale

    • $399,900
      0.40 Acres

      Schenectady Mixed-Use Investment Opportunity

      Prime 0.4-acre mixed-use property in Schenectady.
      1140 Congress St, Schenectady, NY 12303
      View Details
    • $325,000
      2,545 SF

      Schenectady Mixed-Use Commercial Property

      Mixed-use property with residential unit and commercial spaces in Schenectady.
      1374 10Th Ave, Schenectady, NY 12303
      View Details
    • $2,700,000
      7,164 SF

      Corner Lot Development Opportunity

      Highly visible corner lot ideal for retail or office development.
      1874 Altamont Ave, Rotterdam, NY 12303
      View Details
    • $279,900
      2,244 SF

      Rotterdam Two-Family Home

      Move-in ready two-family home in Rotterdam with strong rental income.
      2259 Hamburg St, Schenectady, NY 12303
      View Details
    • $290,000
      2,004 SF

      Renovated Two-Family Home

      Fully renovated two-family home with investment potential in Schenectady.
      1142 Cutler St, Schenectady, NY 12303
      View Details
    • New
      $239,900
      Pending

      Schenectady Triplex with Vacant Parcel

      Well-maintained Schenectady triplex with income potential and expansion possibilities.
      815 Davis Ter, Schenectady, NY 12303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Mixed-Use Space For Rent

      Mixed-use property with high visibility and ample parking.
      2793 Hamburg St, Rotterdam, NY 12303
      View Details
    • Contact for pricing
      3,305 SF

      Turnkey Bar/Restaurant for Rent

      Turnkey bar/restaurant with full basement and DJ booth.
      869 Crane St, Schenectady, NY 12303
      View Details
    • Contact for pricing

      Rotterdam Neighborhood Shopping Center Space

      Retail space available in busy Rotterdam shopping center.
      1879 Altamont Ave, Schenectady, NY 12303
      View Details
    • Contact for pricing
      1,750 SF

      Built-Out Hair Salon Available

      Fully built-out hair salon with excellent visibility and ample parking.
      3770 Carman Rd, Schenectady, NY 12303
      View Details
    • Contact for pricing
      4,852 SF

      Retail Space in Schenectady Plaza

      Retail spaces available in plaza with national tenant mix.
      1400 Altamont Ave, Schenectady, NY 12303
      View Details
    • Contact for pricing
      2,442 SF

      Bank Branch or Redevelopment Opportunity

      Existing bank branch or redevelopment site in Rotterdam, NY.
      3083 Carman Rd, Rotterdam, NY 12303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 Michigan Ave
    Schenectady, NY 12303-1017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Michigan Ave, Schenectady, NY, 12303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!