530 Liberty St Schenectady, NY 12305-2014
- Office buildings
- 19,393 SF
- 1.77 lot acres
Current Use by Public Records
- James M. Boler, MD / Orthopedic Surgeon
- Dr. William J. Smith, MD / Hand Surgeon
- Utsav Hanspal / Sports Medicine Physician
- Dr. John C. Richards, MD / Orthopedic Surgeon
- Dicaprio Matthew R MD / Orthopedic Surgeon
Property Details for 530 Liberty St
- Year built
- 1997
- Lot size
- 1.77 lot acres
- Property size
- 19,393 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Office buildings
- APN
- 421500 39.72-4-6.111
- APU
- 421500397246111
Description
This exceptional 18,500-square-foot medical office building, located at 530 Liberty Street in Schenectady, New York, presents a compelling investment opportunity. Currently 100% occupied by OrthoNY, a reputable healthcare provider with multiple locations throughout the Capital Region, this single-tenant property boasts a new 10-year lease extending to July 31, 2026. The building operates under a triple-net (NNN) lease structure, minimizing property management responsibilities for the owner. Situated in Schenectady's revitalized area, the property offers convenient access and ample parking with 72 private spaces. OrthoNY, the tenant, has occupied the building since the acquisition of Schenectady Regional Orthopaedic Associates in 2001. The asking price is $3,926,893, translating to $212.26 per square foot. Significant improvements have been made to the property, including a $190,000 roof upgrade completed in 2010. This turnkey investment provides a stable income stream and benefits from the long-term commitment of a high-quality tenant in a growing area. The property is classified as both Executive Office and Medical Office space. The zip code is 12305.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,140,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,770,000
- 6.5%
- $2,960,000
- 7%
- $2,855,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,980,000
- Geo Method
- $2,820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,375,000
- Retail
- $3,210,000
- Mixed-Use
- $2,925,000
- Hospitality
- $3,405,000
- Educational
- $3,080,000
- Residential Income
- $3,410,000
- Energy
- $3,285,000
- Income-Based Land
- $2,460,000
- Food Service
- $2,590,000
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.9378
- Latitude
- 42.8136
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
