Retail Space with Subdivision
For Sale
Contact for pricing
Pending
647 Mariaville Road, Rotterdam, NY 12306
A 2022-built retail property offers configurable space for a tenant’s layout.
Property Size9,020 SF
Days on Market991
Property Features for 647 Mariaville Road
General Information
Standard status
Pending
Size
9,020 SF
Property subtype
Business
Building Details
Year Built
2022
Listing Agency:
Stewarts Shops Corp
(518) 581-1200
Listed By:
Charles J Marshall · License #10311206016
(518) 269-0664
Source:
Simplywoodardrealestate
Added: Feb 16, 2024
Changed: Nov 1
Last Checked: Nov 1 at 3:07PM
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 Stewarts Shops Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property was built in 2022 and includes 5,000 square feet of available space. The area can be divided into two 2,500-square-foot suites, providing flexibility in the space configuration. Its interior is offered without a specified layout, allowing the occupant to plan a design suited to its needs.
Key Highlights
- 5,000 square feet of available retail space
- Can be subdivided into 2,500‑square‑foot suites
- Year built: 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,879
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,177,580
$2.2M
Cap Rate 7%
$1,555,414
$1.6M
Cap Rate 9%
$1,209,767
$1.2M
Market Conditions
NOI Build-Up for 9,020 SF
Gross rent
$162.4K $18.00/SF
− Vacancy
−$6.8K −$0.76/SF
EGI
$155.5K $17.24/SF
− OpEx
−$46.7K −$5.17/SF
NOI
$108.9K $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%
$2,177,580
Cap Rate 7%
$1,555,414
Cap Rate 9%
$1,209,767
Alternative Uses
Best Use
Retail
$1.56M
$1.36M – $1.81M
NOI $108,879 @ 7.0% cap · market cap 640,464.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,987 @ 7.0% cap · market cap 1,111,688.24%
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
181
Businesses Nearby
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Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A 2022-built retail property offers configurable space for a tenant’s layout.
Where is this retail space located?
The property is located at 647 Mariaville Road Rotterdam, NY.
What are key features of this property?
This property features: 5,000 square feet of available retail space; Can be subdivided into 2,500‑square‑foot suites; Year built: 2022
