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    Property profile & analytics

    3899 Carman Rd Schenectady, NY 12303

    • Investment properties
    • 5,000 SF
    • 1.00 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-2382718
    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

    • Albany Beverage Corporation. / Liquor Store / Beer Store

    Property Details for 3899 Carman Rd

    Year built
    1950
    Lot size
    1.00 lot acres
    Property size
    5,000 SF
    Zone code
    LB
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    013089 39.11-1-8
    APU
    13089391118

    Description

    Exceptional opportunity to acquire a thriving convenience store in Schenectady, NY. This 5,000 square foot retail property, situated on a one-acre lot at a busy intersection across from Hannaford Plaza, offers significant potential. The building features one loading dock, a full basement with at-grade truck access, a large basement keg cooler, and two display coolers. Recent capital improvements include new cooler condensers, a resurfaced parking lot, and a roof replacement. The property is zoned LOCAL BUSINESS (LB) and benefits from municipal water and sewer. The annual real estate taxes are $9,770.16 ($1.95 per square foot). The asking price for the real estate is $1,589,000, with a net operating income (NOI) of $168,962. The business is also for sale, including the license, fork truck, racks, and coolers, for a total price of $2,619,000. This turnkey operation is ideally positioned in a densely populated residential area, making it an attractive investment for savvy entrepreneurs. The property's prime location and recent upgrades ensure a smooth transition for the new owner.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $345,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $340,000
      Mixed-Use
      $370,000
      Hospitality
      $395,000
      Educational
      $360,000
      Residential Income
      $370,000
      Energy
      $290,000
      Income-Based Land
      $400,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Albany
    State
    New York
    Longitude
    -73.9315
    Latitude
    42.7164
    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
    $100,000
    $250,800
    $350,800
    -
    $117,647
    $295,059
    $412,706

    Comparable in this City

    • Value Estimation by Request
      11,440 SF

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    • Value Estimation by Request
      720 SF

      1056 Altamont Ave

      STORE/OFFICE (MIXED USE) • 720 SF
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    • Value Estimation by Request
      1,984 SF

      Hawthorne St

      STORE/OFFICE (MIXED USE) • 1,984 SF
      Hawthorne St, Schenectady, NY 12303
      View Details
    • Value Estimation
      $295,000
      2,500 SF

      1599 Altamont Ave

      STORE/OFFICE (MIXED USE) • 2,500 SF
      1599 Altamont Ave, Schenectady, NY 12303-2103
      View Details
    • Value Estimation
      $215,000
      4,320 SF

      2953 Hamburg St

      STORE/OFFICE (MIXED USE) • 4,320 SF
      2953 Hamburg St, Schenectady, NY 12303-4326
      View Details
    • Value Estimation
      $230,000
      2,016 SF

      2432 Hamburg St

      STORE/OFFICE (MIXED USE) • 2,016 SF
      2432 Hamburg St, Schenectady, NY 12303-3084
      View Details

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      Mixed-use property with commercial space and residential apartment.
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    Similar Nearby for Lease

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      Built-Out Hair Salon Available

      Fully built-out hair salon with excellent visibility and ample parking.
      3770 Carman Rd, Schenectady, NY 12303
      View Details
    • $12 SF/Yr
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      Retail or office space available in neighborhood plaza on Hamburg Street.
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      Versatile Commercial Space on Hamburg

      Move-in ready commercial space with high visibility and ample parking.
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    • $1,000 /Mo
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      Commercial Space on Hamburg Street

      Versatile commercial space with excellent visibility and ample parking.
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    3899 Carman Rd
    Schenectady, NY 12303
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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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