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

    Park Ave Mechanicville, NY 12118

    • Strip malls
    • 46,921 SF
    • 5.20 lot acres
    OFF-MARKET
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4598989
    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

    • Strip malls

    Property Details for Park Ave

    Year built
    1967
    Lot size
    5.20 lot acres
    Property size
    46,921 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    411000 262.61-1-6
    APU
    4110002626116

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,235,000
      Market price range: $459k - $1.89M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,095,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicville
    County
    Saratoga
    State
    New York
    Longitude
    -73.6889
    Latitude
    42.9041
    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
    $327,800
    $3,272,200
    $3,600,000
    -
    $352,473
    $3,518,495
    $3,870,968

    Comparable in this City

    • Value Estimation by Request
      11,420 SF

      2443 Rte 9th 9

      SHOPPING CENTER, STRIP CENTER • 11,420 SF
      2443 Rte 9th 9, Mechanicville, NY 12118
      View Details
    • Value Estimation
      $1,025,000
      62,866 SF

      19 Price Chopper Plz

      SHOPPING CENTER, STRIP CENTER • 62,866 SF
      19 Price Chopper Plz, Mechanicville, NY 12118-1250
      View Details
    • Value Estimation by Request
      6,524 SF

      218 Central Ave, Unit 228

      SHOPPING CENTER, STRIP CENTER • 6,524 SF
      218 Central Ave, Mechanicville, NY 12118-3522
      View Details
    • Value Estimation by Request
      10,220 SF

      232 Central Ave, Unit 242

      SHOPPING CENTER, STRIP CENTER • 10,220 SF
      232 Central Ave, Mechanicville, NY 12118-3522
      View Details
    • Value Estimation by Request
      0.27 Acres

      Central Ave

      PARKING LOT • 0.27 Acres
      Central Ave, Mechanicville, NY 12118
      View Details
    • Value Estimation by Request
      0.13 Acres

      Cypress St

      PARKING LOT • 0.13 Acres
      Cypress St, Mechanicville, NY 12118
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Retail Build to Suit Opportunity

      Retail property available for build to suit in growing market.
      2409 Route 9, Mechanicville, NY 12118
      View Details
    • $400,000
      6,786 SF

      Mixed-Use Property with Income Potential

      Affordable flex space with income-producing apartment in Mechanicville, NY.
      29-31 S Main St, Mechanicville, NY 12118
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    • $89,000
      0.18 Acres

      Mechanicville Retail/Office Investment Opportunity

      Prime Main Street location with versatile commercial zoning.
      85 N Main St, Mechanicville, NY 12118
      View Details
    • $89,000

      Main Street Retail/Office Opportunity

      Prime Mechanicville location suitable for retail, office, or restaurant.
      85 N Main St, Mechanicville, NY 12118
      View Details
    • $175,000
      3,274 SF

      Mechanicville Retail Investment Opportunity

      High-traffic retail space, 3,274 sq ft.
      114 Park Ave, Mechanicville, NY 12118
      View Details
    • Contact for pricing
      3.03 Acres

      Mechanicville Office Building, 3 Acres

      Prime Mechanicville office space, 3-acre lot.
      2389 Route 9, Mechanicville, NY 12118
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Mechanicville Retail/Office Space Available

      Retail or office space for rent in Mechanicville, NY.
      114 Park Ave Ave, Mechanicville, NY 12118
      View Details
    • New
      $1,800 /Mo
      688 SF

      Mechanicville Retail Opportunity For Rent

      Retail space for rent with large parking lot.
      70 Saratoga Ave, Mechanicville, NY 12118
      View Details
    • $1.00 SF/Yr
      34,140 SF

      Retail Space with Drive-Thru

      4,000 SF retail space with existing drive-thru available for rent.
      2452 Route 9, Mechanicville, NY 12118
      View Details
    • $14 SF/Yr
      6,320 SF

      Malta Office Space for Lease

      Versatile Office Suites, 1,000-2,000 SF
      2374 Us-9, Mechanicville, NY 12118
      View Details
    • $16 SF/Yr
      28,036 SF

      Class A Medical Office Space in Malta, NY

      Prime Medical Office Suite - 4,067 SF Available
      2388 Us-9, Mechanicville, NY 12118
      View Details
    • $14 SF/Yr
      7,571 SF

      Mechanicville Office Space For Rent

      Office suite available with reception, offices, and conference room.
      2374 Route 9, Mechanicville, NY 12118
      View Details
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    Park Ave
    Mechanicville, NY 12118
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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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