Fenced Warehouse with Drive-Through
For Sale
$2,677,000
131 Edison Avenue, Schenectady, NY 12305
Gated, fully fenced facility with drive-through loading and existing tenant occupancy.
Property Size19,116 SF
Price / SF$140.04
Days on Market48
Property Features for 131 Edison Avenue
General Information
Standard status
Active
Size
19,116 SF
Property subtype
Industrial
Listing Agency:
CBRE | Albany
Listed By:
Laurie Tylenda · License #Associate Real Estate Broker
(518) 429-6175
Source:
Cbre
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 30 at 1:09PM
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.
This warehouse property at 131 Edison Avenue includes two 12' x 12' overhead doors configured for drive-through movement, one well dock, and a small yard with IOS. The site is gated and fully fenced, with 3 phase, 200 amp power and parking for approximately 30 vehicles.
The 1.19-acre property is leased to ABC Supply Co. and also includes a billboard lease serving the rear portion of the site. It is located in Schenectady, NY, two blocks from the tenant’s retail store.
The 1.19-acre property is leased to ABC Supply Co. and also includes a billboard lease serving the rear portion of the site. It is located in Schenectady, NY, two blocks from the tenant’s retail store.
Key Highlights
- 1.19‑acre warehouse site at 131 Edison Avenue
- Two 12' x 12' overhead doors support drive‑through access
- One well dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,562
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,871,240
$2.9M
Cap Rate 7%
$2,050,886
$2.1M
Cap Rate 9%
$1,595,133
$1.6M
Market Conditions
NOI Build-Up for 19,116 SF
Gross rent
$181.2K $9.48/SF
− Vacancy
−$12.3K −$0.64/SF
EGI
$168.9K $8.84/SF
− OpEx
−$25.3K −$1.33/SF
NOI
$143.6K $7.51/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,871,240
Cap Rate 7%
$2,050,886
Cap Rate 9%
$1,595,133
Alternative Uses
Best Use
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,562 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.72M
$5.01M – $6.68M
NOI $400,518 @ 7.0% cap · market cap 14.96%
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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- CMS Warehouse — 920 Albany St, Schenectady, NY 12307
- Packing House Self Storage Schenectady NY — 430 State St, Schenectady, NY 12305
Frequently Asked Questions
What type of property is this?
Warehouse - Gated, fully fenced facility with drive-through loading and existing tenant occupancy.
Where is this warehouse located?
The property is located at 131 Edison Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $2,677,000.
What are key features of this property?
This property features: 1.19‑acre warehouse site at 131 Edison Avenue; Two 12' x 12' overhead doors support drive‑through access; One well dock
