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    Property profile & analytics

    39 Wallace St Scotia, NY 12302

    • Assisted living facilities
    • 10,200 SF
    • 0.64 lot acres
    For Sale
    View listing
    $1.00
    Last Sale
    Jul 28, 2024
    $2,652,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1389105
    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

    • Scotia Mansion HFA / Nursing Home

    Property Details for 39 Wallace St

    Year built
    1955
    Lot size
    0.64 lot acres
    Property size
    10,200 SF
    Zone code
    CON
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    422201 29.84-2-33
    APU
    4222012984233

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Scotia
    County
    Schenectady
    State
    New York
    Longitude
    -73.9605
    Latitude
    42.8331
    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
    $51,400
    $1,198,600
    $1,250,000
    -
    $75,588
    $1,762,647
    $1,838,235

    Comparable in this City

    • Value Estimation
      $1,280,000
      153,984 SF

      59 Hetcheltown Rd

      HOMES (RETIRED, NURSING) • 153,984 SF
      59 Hetcheltown Rd, Schenectady, NY 12302-5506
      View Details
    • Value Estimation
      $975,000
      139,537 SF

      297 Ballston Ave

      HOMES (RETIRED, NURSING) • 139,537 SF
      297 Ballston Ave, Scotia, NY 12302-2427
      View Details
    • Value Estimation
      $680,000
      60,357 SF

      39 Swaggertown Rd

      HOMES (RETIRED, NURSING) • 60,357 SF
      39 Swaggertown Rd, Schenectady, NY 12302-3226
      View Details
    • Value Estimation
      $2,820,000
      123,226 SF

      79 Glenridge Rd

      MEDICAL CLINIC • 123,226 SF
      79 Glenridge Rd, Schenectady, NY 12302-4523
      View Details
    • Value Estimation by Request

      416 Sacandaga Rd

      Land
      416 Sacandaga Rd, Schenectady, NY 12302
      View Details
    • Value Estimation by Request

      CVS Pharmacy

      A rare CVS/pharmacy absolute NNN leased offering in Scotia, New York
      241 Mohawk Avenue, Scotia, NY 12302
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Former Senior Living Facility

      Two-story, 10,000 SF former senior living facility in Scotia, NY.
      39 Wallace St, Scotia, NY 12302
      View Details
    • $399,500
      1,580 SF

      Schenectady Dental Office - Turnkey!

      Fully equipped, 100% occupied dental office.
      461 Saratoga Rd, Schenectady, NY 12302
      View Details
    • $380,000
      61.67 Acres

      Expansive Land in Glenville, NY

      60+ acre property ideal for residential development in Glenville.
      L28 Sacandaga Rd, Glenville, NY 12302
      View Details
    • $1,650,000
      4,500 SF

      Restaurant Building with River Views

      Two-story restaurant building with FF&E, parking, and permits.
      2 Freemans Bridge Rd, Schenectady, NY 12302
      View Details
    • $99,000

      Commercial Lot in Scotia-Glenville

      Commercial lot available for purchase in Scotia-Glenville, New York.
      16B Market St, Scotia, NY 12302
      View Details
    • $469,999
      1,800 SF

      Glenville Mixed-Use Building For Sale

      Mixed-use building with retail space, apartment, and high visibility.
      658 Saratoga Rd, Glenville, NY 12302
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      36,000 SF

      Glenville Retail/Office Space Available

      Premier building in growing area with retail and office options.
      115 Saratoga Rd, Glenville, NY 12302
      View Details
    • $1.00 SF/Yr
      36,000 SF

      Medical Office Space Available

      First floor medical space available in premier building.
      115 Saratoga Rd, Glenville, NY 12302
      View Details
    • $1.00 SF/Yr
      4,523 SF

      Glenville Restaurant/Retail Opportunity

      Restaurant, retail, or development opportunity in Glenville, NY.
      140 Freemans Bridge Rd, Glenville, NY 12302
      View Details
    • $900 /Mo
      10,595 SF

      Retail Space with Convenient Parking

      Bite-sized retail space with parking in front, ready to occupy.
      165 Freemans Bridge Rd, Scotia, NY 12302
      View Details
    • $1,400 /Mo
      10,595 SF

      Commercial Space with Ample Parking

      Commercial space with warehouse, office, and convenient location.
      165 Freemans Bridge Rd, Scotia, NY 12302
      View Details
    • $23 SF/Yr
      12,704 SF

      Class A Office Space Available

      Newly constructed office space with customizable layout and expansion options.
      65 Saratoga Rd, Glenville, NY 12302
      View Details
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    39 Wallace St
    Scotia, NY 12302
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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.

    More about this property
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