Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1004 Princetown Rd Schenectady, NY 12306

    Sponsored
    For Lease
    $15 SF/Yr ($12,735 /Mo)

    COMMERCIAL - Schenectady, NY

    Type:Office
    Property size:
    10,188 SF
    Lot size:
    0.41 Acres
    Days on Market:
    51
    Last Refresh:
    Jan 23 at 11:06 pm

    Property Features for 1004 Princetown Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    APN
    422800 48.9-2-11.22
    Parking
    50
    Size
    10,188 SF
    Lot size
    0.41 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Building materials
    Frame, Brick Veneer, Vinyl Siding

    We can help!

    Listing Contact
    Karen Zalewski-Wildzunas

    Berkshire Hathaway HomeServices Blake, REALTORS (518) 935-2555

    Listing agent Karen Zalewski-Wildzunas License #10401299136

    Listing date Dec 4, 2025

    MLS# 202530415

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space in Schenectady, NY

    This commercial space in Schenectady, NY, offers a convenient office opportunity in Rotterdam. The property, situated on a 0.41-acre lot, features an efficient layout suitable for small businesses, professional services, or growing teams. The 10,188 square feet space includes private offices and an open area adaptable for workstations or a reception setup. Ample natural light enhances the comfortable and productive environment. On-site parking provides easy access for staff and clients. The location offers excellent visibility and quick access to major routes. This property delivers flexibility, convenience, and a strong presence within the community and is ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Aliakbar Y. ... Dentist Rajnikant Shah DDS Dentist Noorani Dental Dentist Fred H. Winkler ... Tax Preparation Hackett John DC Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.994294
    Latitude
    42.79799

    Nearby Similar for Lease

    • $3,800 /Mo
      2,481 SF

      Renovated Commercial Space Near Walmart

      Turn-key, renovated commercial space on a large lot near amenities.
      135 Freemans Bridge Rd, Glenville, NY 12302
      View Details
    • $1.00 SF/Yr
      21,714 SF

      Schenectady Mixed-Use Investment Opportunity

      Fully leased mixed-use plaza with retail, apartments, warehouse, and parking.
      1480 State St, Schenectady, NY 12304
      View Details
    • $13 SF/Yr
      12,662 SF

      Niskayuna Commercial Space For Rent

      Commercial space in high-traffic Niskayuna location, suitable for medical/professional use.
      2310 E Nott St Unit, Niskayuna, NY 12309
      View Details
    • $2,100 /Mo
      7,980 SF

      Downtown Schenectady Commercial Space Available

      Prime location, adaptable space for retail, office, or cafe.
      140 Clinton St, Schenectady, NY 12305
      View Details
    • $1.00 SF/Yr
      4,523 SF

      Glenville Restaurant/Retail Opportunity

      Restaurant, retail, or development opportunity in Glenville, NY.
      140 Freemans Bridge Rd, Glenville, NY 12302
      View Details
    • $1.00 SF/Yr
      14,119 SF

      Downtown Schenectady Commercial Space Available

      Prime downtown location with parking and build-to-suit options.
      26 Broadway, Schenectady, NY 12305
      View Details
    • $995 /Mo
      1,677 SF

      Lafayette Street Office Space Available

      Second-floor office space with excellent visibility and downtown views.
      162 Lafayette St, Schenectady, NY 12305
      View Details
    • $1.00 SF/Yr
      2,614 SF

      Prime Retail Space in Schenectady

      Excellent location for retail or cafe, across from City Hall.
      432 Franklin St, Schenectady, NY 12305
      View Details
    • $1,400 /Mo
      10,595 SF

      Commercial Space with Ample Parking

      Commercial space with warehouse, office, and convenient location.
      165 Freemans Bridge Rd, Scotia, NY 12302
      View Details
    • $1.00 SF/Yr
      21,620 SF

      Downtown Schenectady Retail/Office Space

      Prime Erie Blvd location suitable for retail or office use.
      140 Erie Blvd, Schenectady, NY 12305
      View Details
    • $15 SF/Yr
      4,655 SF

      Downtown Schenectady Retail/Office Space

      Charming, well-maintained space in the heart of downtown Schenectady.
      213 State St, Schenectady, NY 12305
      View Details
    • $3,000 /Mo
      1,394 SF

      Industrial Building with Ample Parking

      Industrial building in Scotia, NY, with parking and modern amenities.
      16 Market St, Scotia, NY 12302
      View Details

    FAQs

    What type of property is this?
    Office space - Versatile office space in Rotterdam, ready for immediate occupancy.
    Where is this office space located?
    The property is located at 1004 Princetown Rd Schenectady, NY.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime Rotterdam location with excellent visibility and quick access to major routes.; - On-site parking for staff and clients.; - Versatile space suitable for various business types and team sizes.
    (518) 935-2555
    Request Owner's contact information
    1004 Princetown Rd Schenectady, NY 12306
    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.
    1004 Princetown Rd
    Schenectady, NY 12306
    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
    1004 Princetown Rd Schenectady, NY 12306
    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

    We can help!
    Listing Contact
    Karen Zalewski-Wildzunas
    Real Estate License ID: 10401299136
    (518) 935-2555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.