Retail Building at Signalized
1215 Troy Schenectady Rd, Niskayuna, NY 12309
For Sale
Contact for pricing
Three access points connect the site to two roads, with on-site parking for shoppers.
Property Size12,738 SF
Lot Size1.82 Acres
Price / SF$215.89
Days on Market27
Property Features for 1215 Troy Schenectady Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Corner Location
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
CBRE | Albany
(518) 452-2700
Listed By:
Ann B. MacAffer · License #30MA0868906
(518) 424-4977
Source:
Moodyscre
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 8 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 CBRE | Albany
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Investment Insights
Based on property information with market context.
Built in 2005, this 12,738-square-foot retail property occupies a ±1.82-acre site. Dollar Tree currently operates in the space as a subtenant. The property was originally developed for Walgreens and has approximately 50 parking spaces.
The site sits at a signalized intersection where Troy Schenectady Road meets Rosendale Road. Three points of ingress and egress provide access from both roads. Recorded AADT is 36,218 on Troy Schenectady Road and 7,949 on Rosendale Road. Nearby commercial businesses include Stewart’s Shops, Sunoco, Bangkok Kitchen, Starbucks, Wendy’s, Subway, and Dunkin, among others.
The site sits at a signalized intersection where Troy Schenectady Road meets Rosendale Road. Three points of ingress and egress provide access from both roads. Recorded AADT is 36,218 on Troy Schenectady Road and 7,949 on Rosendale Road. Nearby commercial businesses include Stewart’s Shops, Sunoco, Bangkok Kitchen, Starbucks, Wendy’s, Subway, and Dunkin, among others.
Key Highlights
- 12,738‑square‑foot retail property built in 2005
- Current subtenant is Dollar Tree; originally developed for Walgreens
- ±1.82‑acre site with ±50 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,758
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,075,160
$3.1M
Cap Rate 7%
$2,196,543
$2.2M
Cap Rate 9%
$1,708,422
$1.7M
Market Conditions
NOI Build-Up for 12,738 SF
Gross rent
$229.3K $18.00/SF
− Vacancy
−$9.6K −$0.76/SF
EGI
$219.7K $17.24/SF
− OpEx
−$65.9K −$5.17/SF
NOI
$153.8K $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 Rate 5%
$3,075,160
Cap Rate 7%
$2,196,543
Cap Rate 9%
$1,708,422
Alternative Uses
Best Use
Retail
$2.20M
$1.92M – $2.56M
NOI $153,758 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.34M – $4.45M
NOI $266,887 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 42%
Hotels & Casinos 2%
Dollar Tree
Shops & Services
16,523 visits/mo
0.1 miles
Cumberland Farms
Shops & Services
15,313 visits/mo
0.4 miles
Wendy's
Dining
10,439 visits/mo
0.3 miles
Starbucks
Dining
10,312 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,796 visits/mo
0.2 miles
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
$301,100
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Schenectady County, NY
Properties on Market for Retail space in Schenectady County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Three access points connect the site to two roads, with on-site parking for shoppers.
Where is this retail space located?
The property is located at 1215 Troy Schenectady Rd Niskayuna, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 12,738‑square‑foot retail property built in 2005; Current subtenant is Dollar Tree; originally developed for Walgreens; ±1.82‑acre site with ±50 parking spaces
