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    Property profile & analytics

    34 Russell Rd Colonie, NY 12205-3313

    • Investment properties
    • 1,312 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US63-2655118
    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

    • HVW / Cell Phone Store

    Property Details for 34 Russell Rd

    Year built
    1983
    Lot size
    0.26 lot acres
    Property size
    1,312 SF
    Zone code
    13
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    012689 53.16-1-2
    APU
    12689531612

    Description

    This exceptional 0.26-acre commercial lot presents a unique investment opportunity in the thriving Colonie, NY market. Located at 34 Russell Rd Unit 34, this property offers significant potential for a variety of commercial ventures. The expansive land area provides ample space for development, allowing for flexibility in design and construction to suit specific business needs. Its strategic location within Colonie ensures high visibility and accessibility, attracting a substantial customer base. The property's zoning regulations should be independently verified to ensure compatibility with intended use. This is an ideal site for entrepreneurs and investors seeking to establish a strong presence in a dynamic and growing community. The asking price of $374,900 represents a compelling value proposition considering the property's size, location, and development potential. Serious inquiries are encouraged to explore the possibilities and secure this prime commercial land parcel. Further due diligence, including but not limited to environmental assessments and zoning verification, is recommended before any purchase commitment. The absence of square footage information in the provided data necessitates independent verification of the buildable area. This property is being offered as-is. All interested parties are responsible for conducting their own independent investigations and due diligence. This is a rare opportunity to acquire a well-situated commercial lot in a desirable location. Don't miss out on this chance to build your business success.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.7834
    Latitude
    42.6882
    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
    $19,500
    $91,300
    $110,800
    -
    $38,243
    $179,057
    $217,300

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    34 Russell Rd
    Colonie, NY 12205-3313
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    Realmo Value Estimation

    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.

    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.

    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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