Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    797 Broadway Schenectady, NY 12305-2704
    Back to Search
    Property profile & analytics

    797 Broadway, Schenectady, NY 12305-2704

    View on Map
    • Office buildings
    • 45,474 SF
    • 3.83 lot acres
    Off-Market
    Last Sale Sep 17, 2020
    $11,294,283
    Property ID
    US63-0170147
    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.
    Value Estimations
    $11,310,000
    Show details
    Cap Rate Potential
    6.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Schenectady County Human Right / County Government Office
    • Schenectady County Veterans Services / County Government Office
    • Schenectady Community Services / County Government Office
    • Schenectady County Youth Bureau / County Government Office
    • NYS DOL / Corporate Office

    Property Details for 797 Broadway

    Year built
    1940
    Lot size
    3.83 lot acres
    Zone code
    6
    Property type
    Office buildings
    APN
    421500 49.38-1-8.11
    APU
    42150049381811

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 17, 2020 — County Of Schenectady 797 Broadway Group LLC Grant Deed —
    Jul 31, 2015 — 797 Broadway Group LLC — Loan Modification, Consolidation And Extension · related $5.3M · Chemung Canal Tr
    Jul 31, 2008 — Broadway Group II LLC 797 Broadway Group LLC Quit Claim Deed · related $6.6M · Key Community Dev New Markets
    Oct 22, 2007 $761,000 797 Broadway Group LLC Uncle Sams House INC Warranty Deed —
    — — 797 Broadway Group LLC — Deed Of Trust · related $600k · Key Community Dev New Markets

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,885,000
      ML approach
      $8,495,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,620,000
      6.5%
      $12,575,000
      7%
      $11,675,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9507
    Latitude
    42.8036
    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
    $228,900
    $5,071,100
    $5,300,000
    -
    $289,747
    $6,419,114
    $6,708,861

    Comparable in this City

    • Value Estimation
      $1,770,000
      161,606 SF

      1 Broadway Ctr

      OFFICE BUILDING
      1 Broadway Ctr, Schenectady, NY 12305-2554
      View Details
    • Value Estimation
      $2,895,000
      77,856 SF

      105 Jay St

      OFFICE BUILDING
      105 Jay St, Schenectady, NY 12305-1905
      View Details
    • Value Estimation
      $950,000
      26,176 SF

      253 State St

      OFFICE BUILDING
      253 State St, Schenectady, NY 12305
      View Details
    • Value Estimation
      $2,805,000
      23,130 SF

      440 State St

      OFFICE BUILDING
      440 State St, Schenectady, NY 12305-2304
      View Details
    • Value Estimation by Request
      16,560 SF

      301 Clinton St

      OFFICE BUILDING
      301 Clinton St, Schenectady, NY 12305-2009
      View Details
    • Value Estimation
      $1,590,000
      38,556 SF

      530 Franklin St

      OFFICE BUILDING
      530 Franklin St, Schenectady, NY 12305-2008
      View Details

    Similar Nearby for Sale

    • $225,000
      1,677 SF

      Two-Story Office Building For Sale

      Two-story office building with retail space and off-street parking.
      162 Lafayette St, Schenectady, NY 12305
      View Details
    • $269,000
      1,323 SF

      Updated Victorian Mixed-Use Building

      Turn-key mixed-use building with office and residential space.
      153 Barrett St, Schenectady, NY 12305
      View Details
    • $350,000
      2,580 SF

      Turnkey Auto Body Repair Shop

      Auto body repair shop with office, near highways and businesses.
      814 Broadway, Schenectady, NY 12305
      View Details
    • Contact for pricing
      0.40 Acres

      Schenectady Office Building, 0.4 Acres

      Prime Schenectady office space, 0.4-acre lot.
      740 Floo, Schenectady, NY 12305
      View Details
    • $225,000
      1,677 SF

      Two-Story Office Building For Sale

      Two-story office building with salon and office space for sale.
      162 Lafayette St, Schenectady, NY 12305
      View Details
    • Contact for pricing

      Mixed-Use Property Near Downtown Schenectady

      Four-unit mixed-use property with commercial space and apartments.
      9 N Broadway, Schenectady, NY 12305
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      24,608 SF

      Professionally Maintained Office Space Available

      Modern office space with on-site parking in Schenectady, NY.
      670 Franklin St, Schenectady, NY 12305
      View Details
    • $16 SF/Yr
      62,827 SF

      Professionally Maintained Office Space Available

      Modern office space with on-site parking in Schenectady, NY.
      600 Franklin St, Schenectady, NY 12305
      View Details
    • Contact for pricing
      62,827 SF

      Professionally Maintained Office Space

      Modern office space with on-site parking, professionally managed for a smooth tenant experience.
      600 Franklin St, Schenectady, NY 12305
      View Details
    • $16 SF/Yr
      62,827 SF

      Professionally Maintained Office Space Available

      Modern office space with on-site parking in Schenectady, NY.
      650 Franklin St, Schenectady, NY 12305
      View Details
    • $3,000 /Mo
      1,559 SF

      Premium Office Space Available

      Desirable Schenectady commercial location with high visibility and accessibility.
      406 Union St, Schenectady, NY 12305
      View Details
    • Contact for pricing
      15,278 SF

      Schenectady Medical Office Suites

      Medical office suites for lease in Schenectady, NY.
      318 Broadway, Schenectady, NY 12305
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    797 Broadway
    Schenectady, NY 12305-2704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    797 Broadway, Schenectady, NY, 12305
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!