Renovated Warehouse with Gated
For Sale
$1,338,000
140 Edison Avenue, Schenectady, NY 12305
Recently renovated warehouse with secured outdoor storage, overhead loading access, and three-phase electrical service.
Property Size10,000 SF
Lot Size0.93 Acres
Price / SF$133.80
Days on Market48
Property Features for 140 Edison Avenue
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.93 Acres
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Power
250 amps
Voltage
208 V
Three-Phase Power
Yes
Building Details
Year Built
2006
Listing Agency:
CBRE | Albany
Listed By:
Laurie Tylenda · License #Associate Real Estate Broker
(518) 429-6175
Source:
Cbre
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 30 at 12:08PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property includes a recently renovated building on an approximately 0.93-acre site. The facility contains 10,000 square feet, two overhead doors, and clear ceiling heights reaching approximately 22 feet. A gated, fenced yard provides outdoor storage capacity, while the building is served by 3-phase, 250-amp, 208/120-volt power. A pole barn is also included.
Constructed in 2006, the property was developed for the seller’s operations and was occupied by the seller until relocation. It is currently leased to Motion Industries, Inc., which serves corporate clients in the surrounding area. The combination of warehouse space, loading access, secured yard area, and dedicated electrical service supports a range of distribution and storage functions.
Constructed in 2006, the property was developed for the seller’s operations and was occupied by the seller until relocation. It is currently leased to Motion Industries, Inc., which serves corporate clients in the surrounding area. The combination of warehouse space, loading access, secured yard area, and dedicated electrical service supports a range of distribution and storage functions.
Key Highlights
- 10,000‑square‑foot warehouse on an ±0.93‑acre site
- Two 12' x 10' overhead doors
- Gated, large fenced yard with IOS
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,101
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,502,020
$1.5M
Cap Rate 7%
$1,072,871
$1.1M
Cap Rate 9%
$834,456
$834.5K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$94.8K $9.48/SF
− Vacancy
−$6.4K −$0.64/SF
EGI
$88.4K $8.84/SF
− OpEx
−$13.3K −$1.33/SF
NOI
$75.1K $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%
$1,502,020
Cap Rate 7%
$1,072,871
Cap Rate 9%
$834,456
Alternative Uses
Best Use
Warehouse
$1.07M
$938.8K – $1.25M
NOI $75,101 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,520 @ 7.0% cap · market cap 15.66%
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
Lease Details
22 ft
Clear height
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- CMS Warehouse — 920 Albany St, Schenectady, NY 12307
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Frequently Asked Questions
What type of property is this?
Warehouse - Recently renovated warehouse with secured outdoor storage, overhead loading access, and three-phase electrical service.
Where is this warehouse located?
The property is located at 140 Edison Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $1,338,000.
What are key features of this property?
This property features: 10,000‑square‑foot warehouse on an ±0.93‑acre site; Two 12' x 10' overhead doors; Gated, large fenced yard with IOS
