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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    517 Saratoga Rd Schenectady, NY 12302-5429

    • Investment properties
    • 3,024 SF
    • 3.90 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2009218
    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

    • Marcella's Restaurant / Caterer / Deli

    Property Details for 517 Saratoga Rd

    Year built
    1952
    Lot size
    3.90 lot acres
    Property size
    3,024 SF
    Zone code
    CON
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    422289 15.8-5-31
    APU
    422289158531

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $340,000
      Current use
      OFFICE BUILDING
      $300,000
      Change: -12% Conversion: Easy
      AUTO REPAIR, GARAGE
      $295,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9224
    Latitude
    42.8927
    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
    $167,400
    $115,400
    $282,800
    -
    $246,176
    $169,706
    $415,882

    Comparable in this City

    • Value Estimation
      $315,000
      2,028 SF

      2 Windsor Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,028 SF
      2 Windsor Dr, Schenectady, NY 12302-3407
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    • Value Estimation
      $300,000
      1,848 SF

      6 Maple Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,848 SF
      6 Maple Ave, Schenectady, NY 12302-4612
      View Details
    • Value Estimation
      $260,000
      2,988 SF

      106 Mohawk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,988 SF
      106 Mohawk Ave, Schenectady, NY 12302-2248
      View Details
    • Value Estimation
      $235,000
      7,349 SF

      301 Mohawk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,349 SF
      301 Mohawk Ave, Scotia, NY 12302-1839
      View Details
    • Value Estimation
      $240,000
      2,152 SF

      135 Mohawk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,152 SF
      135 Mohawk Ave, Schenectady, NY 12302-2247
      View Details
    • Value Estimation
      $345,000
      2,824 SF

      395 Saratoga Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,824 SF
      395 Saratoga Rd, Schenectady, NY 12302-5205
      View Details

    Similar Nearby for Sale

    • $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
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    • $699,000
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      Fully Leased Retail Strip Center

      Fully leased retail strip center, great location, strong tenant mix.
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    • Contact for pricing

      Glenville Land on Route 5

      Land available on Route 5 suitable for residential or commercial.
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    • $99,000

      Secluded 5-Acre Meadow and Woodland

      5-acre property with meadow and woodland for a dream home.
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      Residential Land in Glenville

      Land for residential construction in a well-developed neighborhood.
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    • $2,000,000
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      Retail Property on Saratoga Road

      Retail property for sale in Schenectady, New York.
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    Similar Nearby for Lease

    • Contact for pricing

      Glenville Commercial Land - Saratoga Rd.

      High-traffic location, 1.08 acres.
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    • $450 /Mo
      20,872 SF

      Glenville Office Space For Rent

      Affordable executive suites with flexible terms and included amenities.
      113 Saratoga Rd, Glenville, NY 12302
      View Details
    • Contact for pricing
      1,191 SF

      Retail Space on Saratoga Road

      Retail space available in a busy, well-maintained plaza.
      5-7 Saratoga Rd, Glenville, NY 12302
      View Details
    • $7,500 /Mo
      8,928 SF

      Corner Development Lot for Lease

      Highly visible corner lot suitable for various commercial uses.
      99 Freemans Bridge Rd, Schenectady, NY 12302
      View Details
    • $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
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    517 Saratoga Rd
    Schenectady, NY 12302-5429
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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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