Flex Space with
111 Nott Ter, Schenectady, NY 12308
For Sale
$675,000
Brick, block, and steel construction surrounds office, showroom, and finished upper-level areas with overhead vehicle access.
Property Size6,000 SF
Price / SF$120.82
Days on Market75
Property Features for 111 Nott Ter
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Highway Access
Automotive Uses
Real Estate Included
Property Use
Amenities
overhead doors
office areas
showroom space
finished second level
new insulation
fresh exterior paint
15' ceilings
Building Details
Year Built
Stories
Building Size
Construction
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Rachel Teidman · License #10301224225
(518) 888-2779
Source:
Gatewayrealtysolutions
Added: Aug 27
Changed: Nov 8
Last Checked: Nov 8 at 6:56AM
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 Venture Fox Realty Group LLC
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Investment Insights
Based on property information with market context.
This 5,587-square-foot flex property, built in 1947, has brick, block, and steel construction. The interior includes 15-foot ceilings, three overhead doors, several office areas, showroom space, and a finished second level. Recent work includes new insulation and exterior painting. The property has a history of commercial occupancy, including an alternative heating company and an auto body shop; current NYS Dealer and Repair Shop licenses are noted.
The property is near Union College, downtown Schenectady businesses, restaurants, Proctors, Rivers Casino, and major highways. Its existing mix of showroom, office, upper-level, and overhead-access areas defines the building’s current configuration.
The property is near Union College, downtown Schenectady businesses, restaurants, Proctors, Rivers Casino, and major highways. Its existing mix of showroom, office, upper-level, and overhead-access areas defines the building’s current configuration.
Key Highlights
- 5,587 square feet of flex space
- Three overhead doors and 15‑foot ceilings
- Current NYS Dealer and Repair Shop licenses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,554
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,080
$691.1K
Cap Rate 7%
$493,629
$493.6K
Cap Rate 9%
$383,933
$383.9K
Market Conditions
NOI Build-Up for 5,587 SF
Gross rent
$53.0K $9.48/SF
− Vacancy
−$3.6K −$0.64/SF
EGI
$49.4K $8.84/SF
− OpEx
−$14.8K −$2.65/SF
NOI
$34.6K $6.18/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,080
Cap Rate 7%
$493,629
Cap Rate 9%
$383,933
Alternative Uses
Best Use
Retail
$963.4K
$843.0K – $1.12M
NOI $67,440 @ 7.0% cap · market cap 9.99%
Second Best
Industrial
$493.6K
$431.9K – $575.9K
NOI $34,554 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,059 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15 ft
Clear height
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,051
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Schenectady County, NY
Properties on Market for Flex space in Schenectady County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Brick, block, and steel construction surrounds office, showroom, and finished upper-level areas with overhead vehicle access.
Where is this flex space located?
The property is located at 111 Nott Ter 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: 5,587 square feet of flex space; Three overhead doors and 15‑foot ceilings; Current NYS Dealer and Repair Shop licenses
