Office Unit with Open Work
For Sale
Contact for pricing
1004 Princetown Road, Rotterdam, NY 12306
Private offices and natural light support a practical workspace, with on-site parking for staff and visitors.
Property Size10,188 SF
Price / SF$0.00
Days on Market334
Property Features for 1004 Princetown Road
General Information
Standard status
Active
Size
10,188 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
ample natural light
Building Details
Year Built
1980
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Source:
Simplywoodardrealestate
Added: Dec 4, 2025
Changed: Nov 1
Last Checked: Nov 1 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Services Blake
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property includes private offices and an open area that can accommodate workstations or a reception setup. Natural light reaches the workspace, and the property has on-site parking. The space is ready for immediate occupancy.
At 1004 Princetown Road in Rotterdam, the property has access to major routes.
At 1004 Princetown Road in Rotterdam, the property has access to major routes.
Key Highlights
- Private offices plus an open area for workstations or reception
- On‑site parking
- Natural light throughout the workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,666
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,433,320
$3.4M
Cap Rate 7%
$2,452,371
$2.5M
Cap Rate 9%
$1,907,400
$1.9M
Market Conditions
NOI Build-Up for 10,188 SF
Gross rent
$269.0K $26.40/SF
− Vacancy
−$40.1K −$3.93/SF
EGI
$228.9K $22.47/SF
− OpEx
−$57.2K −$5.62/SF
NOI
$171.7K $16.85/SF
Area
Schenectady County, NY
Vacancy
14.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,433,320
Cap Rate 7%
$2,452,371
Cap Rate 9%
$1,907,400
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,666 @ 7.0% cap · market cap 1,144,440.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,459 @ 7.0% cap · market cap 1,423,060.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
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Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices and natural light support a practical workspace, with on-site parking for staff and visitors.
Where is this office unit located?
The property is located at 1004 Princetown Road Rotterdam, NY.
What are key features of this property?
This property features: Private offices plus an open area for workstations or reception; On‑site parking; Natural light throughout the workspace
