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

    796 Burdeck St Schenectady, NY 12306-1202

    • Office buildings
    • 8,534 SF
    • 1.32 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2024
    $1,510,000
    Value Estimations
    $1,565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4678235
    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

    • Hodorowski Homes / Home Builder
    • J Luk Construction Co LLC / General Contractor
    • Adirondack Development Group / General Contractor

    Property Details for 796 Burdeck St

    Year built
    2006
    Lot size
    1.32 lot acres
    Property size
    8,534 SF
    Zone code
    I-1
    Property type
    Office buildings
    APN
    422800 48.13-2-42.1
    APU
    42280048132421

    Description

    This exceptional commercial property at 796 Burdeck Street, Schenectady, NY 12306, presents a unique investment opportunity. Priced at $1,699,000, this property boasts approximately 11,000 square feet of Class A office space, ideal for owner-occupancy. The high-end finishes include a stunning lobby, fully equipped kitchen, and multiple conference rooms, catering to a variety of business needs. The property's prime location offers excellent visibility and accessibility. Ample parking is available on-site, adding significant convenience. A showroom is also included within the office space, providing versatile options for showcasing products or services. In addition to the office space, there is approximately 4,300 square feet of warehouse space, featuring eight oversized garage stalls. This extra space offers significant storage capacity or potential for additional income streams. The flexible layout of both the office and warehouse areas allows for adaptable configurations to suit diverse business requirements. This property combines the benefits of premium office space with the practicality of substantial warehouse storage, making it an attractive proposition for a wide range of commercial enterprises.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,510,000
      ML approach
      $1,510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,555,000
      6.5%
      $2,360,000
      7%
      $2,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,089,000
      Market price range: $381k - $1.20M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -74.0015
    Latitude
    42.7986
    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
    $66,000
    $929,200
    $995,200
    -
    $86,844
    $1,222,656
    $1,309,500

    Comparable in this City

    • Value Estimation
      $250,000
      1,612 SF

      2330 Broadway

      OFFICE BUILDING • 1,612 SF
      2330 Broadway, Schenectady, NY 12306-4009
      View Details
    • Value Estimation
      $285,000
      13,728 SF

      2176 Guilderland Ave

      OFFICE BUILDING • 13,728 SF
      2176 Guilderland Ave, Schenectady, NY 12306-4403
      View Details
    • Value Estimation
      $320,000
      10,760 SF

      395 Mariaville Rd

      OFFICE BUILDING • 10,760 SF
      395 Mariaville Rd, Schenectady, NY 12306-2028
      View Details
    • Value Estimation
      $250,000
      4,543 SF

      840 Duanesburg Rd

      OFFICE BUILDING • 4,543 SF
      840 Duanesburg Rd, Schenectady, NY 12306-1021
      View Details
    • Value Estimation
      $290,000
      6,324 SF

      1370 Duanesburg Rd

      OFFICE BUILDING • 6,324 SF
      1370 Duanesburg Rd, Schenectady, NY 12306-5807
      View Details
    • Value Estimation
      $235,000
      11,414 SF

      1100 Vinewood Ave

      OFFICE BUILDING • 11,414 SF
      1100 Vinewood Ave, Schenectady, NY 12306
      View Details

    Similar Nearby for Sale

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    • $4,900,000
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      Schenectady Industrial Property

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      Schenectady Duplex: Investment Opportunity

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      Established Liquor Store For Sale

      Well-stocked liquor store with storage, established for 18 years.
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    • $899,900
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      Schenectady Three-Family Home with Garage

      Three-family home in Rotterdam with separate utilities and a garage.
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    Similar Nearby for Lease

    • $6,000 /Mo
      6,000 SF

      Office Space For Lease

      6,000 sqft office space available for lease.
      2603 Guilderland Ave, Schenectady, 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
    • $38,400
      2,800 SF

      Schenectady Warehouse - 2800 SF

      Industrial warehouse, 2 drive-ins, 10 parking spaces.
      105 Old Mill Ln, Schenectady, NY 12306
      View Details
    • $15 SF/Yr
      590,455 SF

      Retail Space Available for Lease

      Retail space with open floor plan, storage, and restrooms.
      93 W Campbell Rd, Rotterdam, NY 12306
      View Details
    • $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
    • $2,850 /Mo

      Broadway Retail Space For Rent

      Retail space on Broadway with ample parking and storage.
      1471 Broadway, Schenectady, NY 12306
      View Details
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    796 Burdeck St
    Schenectady, NY 12306-1202
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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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