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Property profile & analytics
OFF-MARKET
Estimated value
$9,045,000
Super regional malls
Watt St, Schenectady, NY 12304
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-4693587
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1975
Total area
115,555 SF
Lot
9.1 ac (396,396 SF)
Zoning code
R-1, B-1
APN
422800 59.8-1-21
UPID
US63-4693587
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.05M
Owner & transaction history
Harbor Freight Tools USA INC · 2 yrs held
Harbor Freight Tools USA INC
since 2023
Last sale
$10.7M
3 recorded transactions
Zoning & alternative use
R-1, B-1 · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.6M
+521.2%
Auto repair, garage
$10.4M
+457.8%
Commercial (general)
$10.0M
+439.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Schenectady submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schenectady submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,890,000
ML approach
$6,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,565,000
Change: +521% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,385,000
Change: +458% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,035,000
Change: +439% · Conversion: Easy
MEDICAL BUILDING
$8,220,000
Change: +342% · Conversion: Difficult
OFFICE BUILDING
$5,945,000
Change: +219% · Conversion: Moderate
Blend value · Realmo final
$9.05M
Range $8.14M – $9.95M · ±10% · vs last sale $10.70M (Sep 6 2023)
Last sale anchor
$10.70M
Sep 6 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$4,680,000
Assessed 2023
Previous assessed
$5,200,000
-10.0% YoY
Assessed land
$682,500
Assessed improvement
$3,997,500
Land market value
$898,026
Improvement market value
$5,259,869
Total market value
$6,157,895
Applied tax rate
422,803.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
115,555 SF
Lot
9.1 ac (396,396 SF)
Zoning code
R-1, B-1
APN
422800 59.8-1-21
UPID
US63-4693587
Jurisdiction
SCHENECTADY
Zoning & alternative use
R-1, B-1 · Schenectady, NY
Zoning R-1, B-1 · permitted uses
R-1, B-1 · Schenectady, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schenectady. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$8.2M
OFFICE BUILDING
Est. value
$5.9M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
9.1 ac
Current owner
From public records · entity-resolved
Harbor Freight Tools USA INC
Entity
Free & Clear · 2 yrs held
Mailing address
26677 AGOURA RD, CALABASAS, CA 91302-1959
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
—
Harbor Freight Tools USA INC
Crosstown Plaza Sc LP
Assignment Of Lease (leasehold Sale)
—
Feb 22, 2017
$10,700,000
Crosstown Plaza Sc LP
Crosstown Plaza LLC
Bargain And Sale Deed
$3,254,971 · Wilmington Savings Fund Society Fsb
Feb 22, 2017
—
Crosstown Plaza Sc LP
—
Loan Modification, Consolidation And Extension
related
$8,560,000 · Wilmington Svg Fund Societyfsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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