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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Mobile home & RV parks
413 Saratoga Rd Glenville, NY 12302-5207
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1482676
Property summary
AI-generated overview
Glenville Manor, a Class B mobile home park located at 413 Saratoga Rd, Schenectady, NY 12302, presents a compelling investment opportunity. This 8.85-acre property boasts 88 units, with all but four being tenant-owned (one stick-built home and three garage spaces). Currently, the park enjoys an 82.49% occupancy rate, generating a Net Operating Income (NOI) of $290,159, representing a 6.00% capitalization rate. Pro forma projections indicate a significant increase in NOI to $348,140, resulting in a 6.79% capitalization rate. The property features paved roads, city water, and septic systems. Tenants are responsible for garbage and electricity costs. Importantly, the park manager and a maintenance person are committed to remaining with the property, ensuring a smooth transition for new ownership. The park's location within the Albany-Schenectady-Troy metro area offers strong potential for future growth and increased rental income. Fourteen vacant lots provide additional development opportunities. The asking price for this exceptional investment is $4,840,000.
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1920
Total area
756 SF
Lot
9 ac (392,040 SF)
Zoning code
CON
APN
422289 15.15-1-9
UPID
US63-1482676
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
Current use
Occupant on record · Public records
-
A+ Total Outdoor Services Landscaping General Contractor
-
Pine Ridge Trailer Court Campground & RV Park
-
Glenville Manor Estates Campground & RV Park
-
Reliable Moving Services Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.72M
Owner & transaction history
413 Saratoga Road LLC · 4 yrs held
413 Saratoga Road LLC
since 2022
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
CON · Glenville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Glenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenville 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
$2,620,000
ML approach
$2,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±10% · vs last sale $3.00M (Mar 8 2022)
Last sale anchor
$3.00M
Mar 8 2022
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
$3,598 / 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
$1,746,600
Assessed 2023
Previous assessed
$1,746,600
+0.0% YoY
Assessed land
$519,900
Assessed improvement
$1,226,700
Land market value
$764,559
Improvement market value
$1,803,970
Total market value
$2,568,529
Applied tax rate
412,001.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1920
Heating
STEAM
Buildings
20
Stories
1
Bathrooms
1
Total area
756 SF
Lot
9 ac (392,040 SF)
Zoning code
CON
APN
422289 15.15-1-9
UPID
US63-1482676
Jurisdiction
SCHENECTADY
Zoning & alternative use
CON · Glenville, NY
Zoning CON · permitted uses
CON · Glenville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glenville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
STEAM
Stories
1
Buildings
20
Bathrooms
1
Lot
9 ac
Current owner
From public records · entity-resolved
413 Saratoga Road LLC
Entity
Mailing address
PO BOX 7TH 7, NEW YORK, NY 10002-0007
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
$3,000,000
413 Saratoga Road LLC
Gcr Capital Ny LLC
Warranty Deed
$2,100,000 · Ballston Spa National Bank
Jan 27, 2020
$1,562,000
Gcr Capital Ny LLC
Glenvifie Manor Estates LLC
Warranty Deed
—
Jan 27, 2020
—
Gcr Capital Ny LLC
—
Deed
related
$1,336,463 · Nbt Bk
Oct 15, 2014
$750,000
Glenville Manor Estates LLC
Wielt Rena & Warren Trust
Grant Deed
—
—
—
Gcr Capital Ny LLC
—
Deed Of Trust
related
$1,336,463 · Nbt 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.
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