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    Property profile & analytics

    939 State Rte 40 Melrose, NY 12121-2120

    • Commercial real estate
    • 1.36 lot acres
    OFF-MARKET
    Value Estimation
    $85,000
    Last Sale
    Aug 04, 2022
    $169,000
    Location Intelligence
    Property ID
    US63-5154151
    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

    • Commercial real estate

    Property Details for 939 State Rte 40

    Lot size
    1.36 lot acres
    Zone code
    RA
    Property type
    Commercial real estate
    APN
    384289 41.-1-62.2
    APU
    384289411622

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6218
    Latitude
    42.8531
    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
    $10,000
    $8,000
    $18,000
    -
    $62,306
    $49,844
    $112,150

    Comparable in this City

    • Value Estimation by Request
      14,764 SF

      52 Melrose Vly Fls Rd

      COMMERCIAL (GENERAL) • 14,764 SF
      52 Melrose Vly Fls Rd, Melrose, NY 12121-2608
      View Details
    • Value Estimation
      $110,000
      500 SF

      943 State Rte 40

      COMMERCIAL (GENERAL) • 500 SF
      943 State Rte 40, Melrose, NY 12121-2120
      View Details
    • Value Estimation by Request
      124.41 Acres

      3040 Riv Rd

      MINING, MINERAL, QUARRIES • 124.41 Acres
      3040 Riv Rd, Melrose, NY 12121
      View Details
    • Value Estimation by Request

      Melrose, NY 12121

      SBE - SPECIAL ASSESSMENTS
      Melrose, NY 12121
      View Details
    • Value Estimation by Request
      2,376 SF

      2762 Riv Rd

      STORE/OFFICE (MIXED USE) • 2,376 SF
      2762 Riv Rd, Melrose, NY 12121-2516
      View Details
    • Value Estimation by Request

      Melrose, NY 12121

      SBE - SPECIAL ASSESSMENTS
      Melrose, NY 12121
      View Details
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    939 State Rte 40
    Melrose, NY 12121-2120
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    Realmo Value Estimation

    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.

    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.

    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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