Commercial Retail
For Sale
$675,000
2855 Aqueduct Road, Schenectady, NY 12309
Commercial Sale, Schenectady, NY
Property Size3,833 SF
Lot Size0.21 Acres
Price / SF$176.10
Days on Market305
Property Features for 2855 Aqueduct Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
4
View
River
Directions
Route 146 from Schenectady 3rd exit on roundabout before Rexford Bridge
Standard status
Active
APN
422400 31.-1-33
Size
3,833 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
8000
Utilities
Sewer type
Septic Tank
Heating system
Wood Stove, Baseboard, Wood
Water source
Public
Building Details
Year built
1900
Building materials
Frame, Block
Roof type
Asphalt
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Added: Nov 17, 2025
Changed: Sep 12
Last Checked: Sep 18 at 11:06AM
MLS# 202529672
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.
Investment Insights
Based on property information with market context.
This retail property at 2855 Aqueduct Road in Schenectady, NY, contains 3,833 square feet on a 0.21-acre parcel. The 1900 building uses frame and block construction, with an asphalt roof and a heating system that includes baseboard heat and a wood stove.
Commercial zoning supports the property's retail classification, while public water and a septic tank serve the site. The property is positioned near major thoroughfares and established neighborhoods, with access and visibility identified as notable site characteristics. Additional building facts include wood-based heating equipment and the existing structural materials.
Commercial zoning supports the property's retail classification, while public water and a septic tank serve the site. The property is positioned near major thoroughfares and established neighborhoods, with access and visibility identified as notable site characteristics. Additional building facts include wood-based heating equipment and the existing structural materials.
Key Highlights
- 3,833‑square‑foot retail property on a 0.21‑acre parcel
- Commercial zoning supports the retail property classification
- 1900 construction with frame and block materials
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,267
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$925,340
$925.3K
Cap Rate 7%
$660,957
$661.0K
Cap Rate 9%
$514,078
$514.1K
Market Conditions
NOI Build-Up for 3,833 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.0K $18.00/SF
− Vacancy
−$2.9K −$0.76/SF
EGI
$66.1K $17.24/SF
− OpEx
−$19.8K −$5.17/SF
NOI
$46.3K $12.07/SF
Area
Schenectady County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$925,340
Cap Rate 7%
$660,957
Cap Rate 9%
$514,078
Alternative Uses
Best Use
Office B
$922.6K
$807.3K – $1.08M
NOI $64,585 @ 7.0% cap · market cap 9.57%
Second Best
Retail
$661.0K
$578.3K – $771.1K
NOI $46,267 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,309 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 12309, NY
31,273
Population
13,623
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,777
Density / Sq Mi
$119,830
Median Household Income
$68,167
Median Earnings
$1,472
Median Rent
$301,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned property with public water service and a flexible building configuration.
Where is this retail space located?
The property is located at 2855 Aqueduct Road Schenectady, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,833‑square‑foot retail property on a 0.21‑acre parcel; Commercial zoning supports the retail property classification; 1900 construction with frame and block materials
