Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    440 Peek St Schenectady, NY 12308

    Sponsored
    For Sale
    $400,000

    COMMERCIAL - Schenectady, NY

    Property size:
    2,700 SF
    Lot size:
    0.49 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 21 at 7:06 pm

    Property Features for 440 Peek St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    39.50-1-8
    Parking
    5
    Size
    2,700 SF
    Lot size
    0.49 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1972
    Building materials
    Block

    We can help!

    Listing Contact
    Joseph Cardinale

    Howard Hanna Real Estate Services (518) 348-7100 [email protected]

    Listing agent Joseph P Cardinale (518) 755-2064 License #10401290174

    Listing date Jan 12, 2026

    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

    Schenectady Commercial Opportunity For Sale

    This commercial property is located in a growing area of Schenectady and offers an opportunity for vehicle fleet operations, with roughly 0.5 acres of yard space suitable for a fenced and secured setup. The property is suited for automotive repair, light manufacturing, or service-oriented businesses. It features flexible zoning, a spacious lot of 0.49 acres, and convenient access to major transportation routes. The property is positioned for efficient operations and customer accessibility. The building size is 2700 square feet. It is located at 440 Peek Street, Schenectady, NY 12308. It is positioned as a location to launch a business in an improving commercial corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.930456
    Latitude
    42.822518

    Nearby Similar for Sale

    • $279,900
      Pending

      Renovated Two-Family Home, Schenectady

      Fully renovated two-family home with modern updates and classic charm.
      147 Linden St, Schenectady, NY 12304
      View Details
    • $375,000
      Pending

      Well-Maintained Rotterdam Two-Family Home

      Two-family home near shopping, amenities, with pool and garage.
      32 Wedgewood Ave, Rotterdam, NY 12303
      View Details
    • $320,000
      2,940 SF

      Schenectady Two-Family Home Investment

      Two-family home near downtown Schenectady with rental and owner-occupier potential.
      947 Park Ave, Schenectady, NY 12308
      View Details
    • $899,900
      5,837 SF

      Mixed-Use Commercial Property For Sale

      High-traffic location with diversified income potential in Schenectady, NY.
      671 Mariaville Rd, Schenectady, NY 12306
      View Details
    • $369,900
      3,270 SF

      Schenectady Multi-Family Investment Opportunity

      Three-unit property with income potential near transportation and amenities.
      57 N Brandywine Ave, Schenectady, NY 12307
      View Details
    • New
      $950,000
      2,368 SF

      Schenectady Commercial Opportunity For Sale

      Turnkey restaurant and bar with apartment in high-traffic location.
      1490 State St, Schenectady, NY 12304
      View Details
    • $374,900
      Pending

      Updated Two-Family Home in Schenectady

      Turnkey two-family home near downtown Schenectady with modern updates.
      332 Georgetta Dix Plz, Schenectady, NY 12307
      View Details
    • $365,000
      2,880 SF

      Mixed-Use Property in Schenectady, NY

      Mixed-use property with commercial space and residential apartment.
      351 Altamont Ave, Schenectady, NY 12303
      View Details
    • $675,000
      5,587 SF

      Downtown Schenectady Commercial Property For Sale

      Family-owned commercial property with versatile space in downtown Schenectady.
      111 Nott Terrace Hts, Schenectady, NY 12308
      View Details
    • $365,000
      2,880 SF

      Mixed-Use Property on High Traffic Avenue

      Prime mixed-use property with storefront and residential apartment.
      351 Altamont Ave, Schenectady, NY 12303
      View Details
    • $369,000
      3,648 SF

      Schenectady Mixed-Use Investment Opportunity

      Versatile building with storefronts and apartments near Union College.
      1697 Van Vranken Ave, Schenectady, NY 12308
      View Details
    • $399,900
      2,128 SF

      Mixed-Use Investment in Schenectady

      Versatile mixed-use property with commercial storefronts and residential apartment.
      601 Altamont Ave, Schenectady, NY 12303
      View Details

    FAQs

    What type of property is this?
    Automotive property - Commercial property in Schenectady with flexible zoning and spacious lot.
    Where is this automotive property located?
    The property is located at 440 Peek St Schenectady, NY.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Large, roughly 0.5-acre yard space ideal for vehicle fleet operations or secured storage.; - Flexible zoning suitable for automotive repair, light manufacturing, or service businesses.; - Strategic location in a growing area of Schenectady.
    (518) 755-2064
    Request Owner's contact information
    440 Peek St Schenectady, NY 12308
    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.
    440 Peek St
    Schenectady, NY 12308
    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
    440 Peek St Schenectady, NY 12308
    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
    Joseph Cardinale
    Real Estate License ID: 10401290174
    (518) 755-2064
    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.