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Property profile & analytics
OFF-MARKET
Theaters & concert halls
427 Franklin St, Schenectady, NY 12305-1901
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-0918941
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1976
Total area
20,128 SF
Lot
0.98 ac (42,689 SF)
Zoning code
05 - COMMERCIAL
APN
421500 39.72-2-21.11
UPID
US63-0918941
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
-
Golden Oak Property Group, LLC Remodeler Property Management Company
-
Schenectady Light Opera Co Tutoring Service
-
Sloc Musical Theater Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Schenectady Metroplex Dev Auth · 11 yrs held
Schenectady Metroplex Dev Auth
since 2014
6 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Schenectady, 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 Schenectady submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schenectady 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,000,000
Assessed 2023
Previous assessed
$1,000,000
+0.0% YoY
Assessed land
$68,800
Assessed improvement
$931,200
Land market value
$87,089
Improvement market value
$1,178,734
Total market value
$1,265,823
Applied tax rate
421,500.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1976
Heating
NONE
Buildings
1
Stories
3
Total area
20,128 SF
Lot
0.98 ac (42,689 SF)
Zoning code
05 - COMMERCIAL
APN
421500 39.72-2-21.11
UPID
US63-0918941
Jurisdiction
SCHENECTADY
Zoning & alternative use
05 - COMMERCIAL · Schenectady, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Schenectady, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schenectady. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
3
Buildings
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Schenectady Metroplex Dev Auth
Individual
Mailing address
PO BOX 1006, SCHENECTADY, NY 12301-1006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2019
—
Schenectady Light Opera Company INC
—
Deed
related
$50,000 · First National Bank Of Scotia
Nov 19, 2014
—
Schenectady Metroplex Dev Auth
Schenectady Light Opera Co INC
Quit Claim Deed
related
—
—
—
Schenectady Light Opera Co INC
—
Loan Modification
related
$300,000 · Schenectady Metroplex Dev Auth
—
—
Schenectady Light Opera Co INC
—
Loan Modification
related
$332,549 · First Nat'l Bk/scotia
—
—
Schenectady Light Opera Co INC
—
Loan Modification
related
$250,000 · First Nat'l Bk/scotia
—
—
Schenectady Light Opera Co INC
—
Deed Of Trust
related
$250,000 · First Nat'l Bk/scotia
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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