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    Property profile & analytics

    693 Riv Rd Schenectady, NY 12306-6505

    • Warehouses
    • 6,840 SF
    • 6.64 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1601567
    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

    • EMI Guide Rail / Construction Company / General Contractor

    Property Details for 693 Riv Rd

    Year built
    2005
    Lot size
    6.64 lot acres
    Property size
    6,840 SF
    Zone code
    B-2
    Property type
    Warehouses
    APN
    422800 28.-3-3.112
    APU
    4228002833112

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -74.0183
    Latitude
    42.847
    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
    $60,000
    $361,900
    $421,900
    -
    $78,943
    $476,157
    $555,100

    Comparable in this City

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      3,200 SF

      1036 Princetown Rd

      BULK STORAGE, TANKS • 3,200 SF
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    • Value Estimation by Request
      1,200 SF

      3366 Thompson St

      WAREHOUSE, STORAGE • 1,200 SF
      3366 Thompson St, Schenectady, NY 12306
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    • Value Estimation by Request
      1,360 SF

      475 Harlem St

      WAREHOUSE, STORAGE • 1,360 SF
      475 Harlem St, Schenectady, NY 12306-5127
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    • Value Estimation by Request
      3,320 SF

      828 Burdeck St

      WAREHOUSE, STORAGE • 3,320 SF
      828 Burdeck St, Schenectady, NY 12306-1213
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    • Value Estimation by Request
      4,800 SF

      2900 Campbell Ave

      WAREHOUSE, STORAGE • 4,800 SF
      2900 Campbell Ave, Schenectady, NY 12306-2432
      View Details
    • Value Estimation
      $3,620,000
      66,580 SF

      689 Mariaville Rd

      WAREHOUSE, STORAGE • 66,580 SF
      689 Mariaville Rd, Schenectady, NY 12306-6946
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      86,479 SF

      Former Kmart Box for Sale

      86,479 SF space suitable for retail, office, or warehouse.
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    • $470,000
      Pending

      Schenectady Four-Unit Multifamily Property

      Well-maintained four-unit property in Schenectady's desirable Bellevue neighborhood.
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    • $1,600,000
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      Prime Rotterdam Retail Opportunity

      High-traffic retail space, 0.81 acres.
      671 Mariaville Rd, Rotterdam, NY 12306
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    • $30,000

      Buildable Lot in Bellevue Neighborhood

      Residential vacant land in Bellevue. Municipal water and sewer available.
      L4 Olean St, Schenectady, NY 12306
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    • New
      $252,000
      Pending

      Bellevue Two-Family Home in Schenectady

      Two-family property with updated unit in Schenectady's Bellevue neighborhood.
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    • Contact for pricing
      13,225 SF

      Freestanding CVS Investment Property

      NNN leased CVS in Rotterdam, NY with 20 years remaining.
      2801 Guilderland Ave, Rotterdam, NY 12306
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Flex Space with Insulated Garage

      High-visibility flex space with garage and office areas for rent.
      784 Burdeck St, Rotterdam, NY 12306
      View Details
    • $3,200 /Mo
      2,800 SF

      Industrial Building with Fenced Yard

      2,800 SF industrial building with fenced yard for lease.
      105 Old Mill Ln, Schenectady, NY 12306
      View Details
    • $6,000 /Mo
      8,920 SF

      Versatile Mixed-Use Commercial Space

      7,000 sqft Rotterdam commercial space suitable for office or retail.
      2603 Guilderland Ave, Rotterdam, NY 12306
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    • $2.00 SF/Yr
      3,360 SF

      Retail Space on Curry Road

      Meticulously maintained commercial building with high visibility and ample parking.
      1225 Curry Rd, Rotterdam, NY 12306
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    • $17 SF/Yr
      9,020 SF

      Retail Space Ready for Design

      5,000 square feet of retail space available for rent.
      647 Mariaville Rd, Rotterdam, NY 12306
      View Details
    • $15 SF/Yr
      10,188 SF

      Office Space in Schenectady, NY

      Versatile office space in Rotterdam, ready for immediate occupancy.
      1004 Princetown Rd, Schenectady, NY 12306
      View Details
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    693 Riv Rd
    Schenectady, NY 12306-6505
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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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