Well-Maintained Retail
For Sale
Contact for pricing
Pending
122 Saratoga Rd, Schenectady, NY 12302
Well-maintained retail storefront with parking for more than 20 cars and two ingress and egress points.
Property Size3,080 SF
Days on Market162
Property Features for 122 Saratoga Rd
General Information
Standard status
Pending
Size
3,080 SF
Property subtype
RETAIL
Additional Details
Traffic Count
18,198 vehicles/day
Building Details
Year Built
1977
Listing Agency:
IRE Investment
(518) 379-0652
Listed By:
Steven J. Tomaso · License #3536754
Source:
Moodyscre
Added: Feb 19
Changed: Jul 26
Last Checked: Jul 30 at 8:29AM
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 IRE Investment
Investment Insights
Based on property information with market context.
This well-maintained retail storefront is currently used as a fishing/outdoor shop. The building is constructed on a cement slab with aluminum siding and an asphalt shingle roof, and was built in 1977.
The property at 122 Saratoga Rd, Schenectady, NY 12302 features a very large parking lot with space for over 20 cars, along with 2 ingress and 2 egress. Surrounding uses include retail, office, medical, and dining, and RPR indicates traffic counts of 18,198 daily. The Stratton Air National Guard at the Schenectady County Airport is located directly behind the property.
The property at 122 Saratoga Rd, Schenectady, NY 12302 features a very large parking lot with space for over 20 cars, along with 2 ingress and 2 egress. Surrounding uses include retail, office, medical, and dining, and RPR indicates traffic counts of 18,198 daily. The Stratton Air National Guard at the Schenectady County Airport is located directly behind the property.
Key Highlights
- Well‑maintained commercial/retail storefront on a cement slab with aluminum siding and an asphalt shingle roof
- Parking lot accommodates over 20 cars with 2 ingress and 2 egress points
- Built in 1977
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.4k | $18.00 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $53.1k | $17.24 |
| − OpEx | −$15.9k | −$5.17 |
| NOI | $37.2k | $12.07 |
3,080 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$531.1K
$464.7K – $619.6K
NOI $37,178 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$921.9K
$806.7K – $1.08M
NOI $64,532 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18,198 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained retail storefront with parking for more than 20 cars and two ingress and egress points.
Where is this retail space located?
The property is located at 122 Saratoga Rd Schenectady, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Well‑maintained commercial/retail storefront on a cement slab with aluminum siding and an asphalt shingle roof; Parking lot accommodates over 20 cars with 2 ingress and 2 egress points; Built in 1977
