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    Property profile & analytics

    504 3rd Ave Ext Rensselaer, NY 12144-5613

    • Industrial properties
    • 61,355 SF
    • 23.64 lot acres
    OFF-MARKET
    Last Sale
    May 07, 2020
    $6,180,000
    Value Estimations
    $5,670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3452612
    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

    • Industrial properties

    Property Details for 504 3rd Ave Ext

    Year built
    1985
    Lot size
    23.64 lot acres
    Property size
    61,355 SF
    Zone code
    OC
    Property type
    Industrial properties
    APN
    382400 144.-4-59.1
    APU
    3824001444591

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $4,240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,041,000
      Market price range: $782k - $4.04M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $5,745,000
      RESTAURANT
      $4,810,000
      COMMERCIAL (GENERAL)
      $4,375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Rensselaer
    State
    New York
    Longitude
    -73.7079
    Latitude
    42.6416
    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
    $494,600
    $4,379,500
    $4,874,100
    -
    $615,327
    $5,448,495
    $6,063,822

    Comparable in this City

    • Value Estimation
      $6,050,000
      77,100 SF

      Discovery Dr

      INDUSTRIAL (GENERAL) • 77,100 SF
      Discovery Dr, Rensselaer, NY 12144
      View Details
    • Value Estimation by Request
      0.28 Acres

      420 3rd Ave Ext

      REFINERY, PETROLEUM PRODUCTS • 0.28 Acres
      420 3rd Ave Ext, Rensselaer, NY 12144
      View Details
    • Value Estimation
      $3,075,000
      179,713 SF

      350 Tempel Ln

      INDUSTRIAL (GENERAL) • 179,713 SF
      350 Tempel Ln, Rensselaer, NY 12144
      View Details
    • Value Estimation
      $13,180,000
      171,096 SF

      81 Columbia Tpke

      INDUSTRIAL (GENERAL) • 171,096 SF
      81 Columbia Tpke, Rensselaer, NY 12144-3411
      View Details
    • Value Estimation
      $10,645,000
      316,361 SF

      1 Csc Way

      INDUSTRIAL (GENERAL) • 316,361 SF
      1 Csc Way, Rensselaer, NY 12144-3140
      View Details
    • Value Estimation by Request

      Riverside Ave

      INDUSTRIAL (GENERAL)
      Riverside Ave, Rensselaer, NY 12144
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,150 SF

      Rensselaer Two-Family Home

      Two-family home in Rensselaer near highways and amenities.
      35 Partition St, Rensselaer, NY 12144
      View Details
    • $1,400,000

      Development Opportunity in Rensselaer, NY

      Land with approvals for 178-unit apartment development.
      96 Partition St, Rensselaer, NY 12144
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    • $75,000

      Rensselaer Land Ideal for Hunting

      7.96 acres in Rensselaer, suitable for hunting or building.
      1099 Rollins Ave, Rensselaer, NY 12144
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    • $800,000
      5.10 Acres

      Prime Commercial Land, Rensselaer County

      5.1 Acres, I-90 Access, $800K
      0 Red Mill Rd, Rensselaer, NY 12144
      View Details
    • $899,000
      Pending

      Rensselaer Land With Views

      89.73 acre land parcel with development potential and scenic views.
      L1.12 Best Rd, Rensselaer, NY 12144
      View Details
    • $244,900
      Pending

      Updated Multifamily in Rensselaer

      Two-unit multifamily property with recent updates and convenient location.
      1447 Broadway Ave, Rensselaer, NY 12144
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    Similar Nearby for Lease

    • Contact for pricing
      1,461 SF

      Retail Space in Rensselaer, NY

      Retail space for lease in Rensselaer, New York.
      307 Troy Rd, Rensselaer, NY 12144
      View Details
    • $17 SF/Yr
      60,980 SF

      Prime Rensselaer Office Space

      60,980 SF Office Building, 30,164 SF Available
      1 Empire Dr, Rensselaer, NY 12144
      View Details
    • $14 SF/Yr
      8,596 SF

      Modern Medical Office Suites

      Modern medical office suites for lease with highway frontage.
      2 Empire Dr, Rensselaer, NY 12144
      View Details
    • Contact for pricing
      9,554 SF

      Retail Space in Rensselaer Center

      Retail space available within established shopping center.
      600 N Greenbush Rd, Rensselaer, NY 12144
      View Details
    • $25 SF/Yr
      2,000 SF

      Retail Space on Columbia Turnpike

      Retail space available for lease on Columbia Turnpike.
      574 Columbia Tpke, Rensselaer, NY 12144
      View Details
    • $12 SF/Yr
      141,024 SF

      East Greenbush Commercial Space Available

      Commercial space for lease with ample parking and excellent visibility.
      501 Columbia Tpke, Rensselaer, NY 12144
      View Details
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    504 3rd Ave Ext
    Rensselaer, NY 12144-5613
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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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