Building Details

Year Built 1948

Listing Agency: Gucciardo Real Estate Group LLC a***@aol.com Show Phone

Listed By: Pavel Karakalchu · License #10401307281 Show Phone

Source: Simplywoodardrealestate

Added: Aug 5, 2025 Changed: Nov 1 Last Checked: Nov 1 at 3:46PM

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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 Gucciardo Real Estate Group LLC

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Investment Insights

Based on property information with market context.

Built in 1948, this mixed-use property offers 2,481 square feet of renovated interior space on a 22,651-square-foot lot. The layout includes seven or more rooms and a large bonus area. Improvements include new electrical, plumbing, HVAC, a bathroom, updated vinyl flooring, and an asphalt driveway and parking area. The property is commercially zoned.

The site is directly across from Walmart and beside Price Chopper headquarters, along a corridor connecting Schenectady with Saratoga County. Casinos, hotels, and ongoing development are also noted in the surrounding area.

Key Highlights

• 2,481 square feet of renovated interior space on a 22,651‑square‑foot lot
• Seven or more rooms plus a large bonus area
• New electrical, plumbing, HVAC, and bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,238

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,760 $684.8K

Cap Rate 7%

$489,114 $489.1K

Cap Rate 9%

$380,422 $380.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,481 SF

Gross rent

$59.5K $24.00/SF

− Vacancy

−$4.8K −$1.92/SF

EGI

$54.8K $22.08/SF

− OpEx

−$20.5K −$8.28/SF

NOI

$34.2K $13.80/SF

Area

Schenectady County, NY

Vacancy

8.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,760

Cap Rate 7%

$489,114

Cap Rate 9%

$380,422

Alternative Uses

Best Use

Mixed Use

$489.1K

$428.0K – $570.6K (±1% cap)

NOI $34,238 @ 7.0% cap · market cap 1,245.02%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$742.6K

$649.8K – $866.4K (±1% cap)

NOI $51,982 @ 7.0% cap · market cap 1,890.25%

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

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Electrical Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

231

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial zoning, updated building systems, and flexible interior space support a range of business uses.

Where is this mixed-use property located?

The property is located at 135 Freemans Bridge Road Glenville, NY.

What are key features of this property?

This property features: 2,481 square feet of renovated interior space on a 22,651‑square‑foot lot; Seven or more rooms plus a large bonus area; New electrical, plumbing, HVAC, and bathroom