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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Office buildings
530 Liberty St Schenectady, NY 12305-2014
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-0645870
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1997
Total area
19,393 SF
Lot
1.77 ac (77,101 SF)
Zoning code
05 - COMMERCIAL
APN
421500 39.72-4-6.111
UPID
US63-0645870
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
-
James M. Boler, MD Physician
-
Dr. William J. Smith, MD Physician Medical Clinic
-
Utsav Hanspal Physician
-
Dr. John C. Richards, MD Physician
-
Dicaprio Matthew R MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.62M
Owner & transaction history
Schenectady City School District · 2 yrs held
Schenectady City School District
since 2023
Last sale
$2.9M
2 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+50.8%
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
Method
Estimation
Statistic approach
$2,140,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,920,000
Current use
RESTAURANT
$2,900,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,880,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±10% · vs last sale $2.90M (Sep 6 2023)
Last sale anchor
$2.90M
Sep 6 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
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
$1,859,200
Assessed 2023
Previous assessed
$1,859,200
+0.0% YoY
Assessed land
$550,000
Assessed improvement
$1,309,200
Land market value
$696,203
Improvement market value
$1,657,215
Total market value
$2,353,418
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
19,393 SF
Lot
1.77 ac (77,101 SF)
Zoning code
05 - COMMERCIAL
APN
421500 39.72-4-6.111
UPID
US63-0645870
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Schenectady City School District
Entity
Free & Clear · 2 yrs held
Mailing address
20095 GILBERT RD, BIG RAPIDS, MI 49307-2365
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
$2,900,000
Schenectady City School District
Gitar Family LLC
Warranty Deed
—
Feb 20, 2018
$3,300,000
Gitar Family LLC
Srola Realty LLC
Warranty Deed
$2,475,000 · Fifth Third Bank
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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