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Property profile & analytics
FOR LEASE
Investment properties

447 State St Schenectady, NY 12305

7,918 SF 0.08 ac lot Built 1995
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US63-0222708
Property summary
AI-generated overview

This exceptional mixed-use property, located at 447 State Street, Unit 447, Schenectady, NY, presents a compelling investment opportunity. Situated on a sizable 0.08-acre lot, this building offers significant potential for a variety of uses. The property's precise square footage is currently unavailable, however, the asking price of $799,800 reflects its strong potential for return. The address indicates a prime location within Schenectady, suggesting convenient access to local amenities, transportation networks, and a potentially strong tenant base. The mixed-use designation opens doors to a range of possibilities, from retail and commercial ventures on the ground floor to residential units above. Investors will appreciate the potential for diverse income streams and long-term appreciation. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal utilization strategy. This property is being offered as-is, and interested parties are responsible for conducting their own independent inspections and assessments. The substantial lot size offers possibilities for future expansion or development, subject to local zoning regulations and approvals. This is a rare opportunity to acquire a well-situated mixed-use property in a growing market. Serious inquiries only.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1995
Total area 7,918 SF
Lot 0.08 ac (3,415 SF)
Zoning code 5
APN 421500 39.72-4-32
UPID US63-0222708
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$737k
Blend (final) Blend
$585k
Owner & transaction history
Bombers Real Estate LLC · 17 yrs held
Bombers Real Estate LLC
since 2009
7 recorded transactions
2018
Price N/A
2009
$500,000
2008
Price N/A
2007
$250,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
5 · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $785,000 +42.0%
Auto repair, garage $770,000 +39.0%
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