Flex Space with Overhead
For Sale
$675,000
111 Nott Terrace, Schenectady, NY 12308
Office areas, showroom space and a finished upper level support a varied commercial layout.
Property Size5,587 SF
Price / SF$120.82
Days on Market34
Property Features for 111 Nott Terrace
General Information
Standard status
Active
Size
5,587 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Clear Height
15 ft
Amenities
overhead doors
office areas
showroom
finished second level
15' ceilings
new insulation
fresh exterior paint
Building Details
Year Built
1947
Stories
2
Construction
brick, block and steel
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Rachel Teidman · License #33751
(518) 888-2779
Source:
Heerrealty
Added: Oct 4
Changed: Nov 1
Last Checked: Nov 6 at 5:40AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,587-square-foot flex property has brick, block and steel construction, 15-foot ceilings, and three overhead doors. Interior features include multiple office areas, showroom space and a finished second level. Recent work includes new insulation and exterior paint. The property also has current NYS Dealer Repair Shop licenses.
The site is at 111 Nott Terrace in downtown Schenectady, near Union College, Proctors, Rivers Casino, downtown businesses, restaurants and major highways.
The site is at 111 Nott Terrace in downtown Schenectady, near Union College, Proctors, Rivers Casino, downtown businesses, restaurants and major highways.
Key Highlights
- 5,587 SF of commercial flex space
- 15‑foot ceilings and three overhead doors
- Brick, block and steel construction
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
Current Use
Lease Details
15 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,029
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
$180,100
Median Home Value
Market
Average Price Trend$/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 - Office areas, showroom space and a finished upper level support a varied commercial layout.
Where is this flex space located?
The property is located at 111 Nott Terrace 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 SF of commercial flex space; 15‑foot ceilings and three overhead doors; Brick, block and steel construction
