Flex Space with Overhead
For Sale
$299,000
Pending
16 Market Street, Scotia, NY 12302
Commercial Sale, Scotia, NY
Property Size1,394 SF
Lot Size0.96 Acres
Days on Market72
Property Features for 16 Market Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Parking
10
Security features
Security System
Lot features
Level, Cleared
High school
Scotia-Glenville
Elementary school district
Scotia Glenville
Middle school district
Scotia Glenville
High school district
Scotia Glenville
Directions
Banker, to Uncas to Parkland to Market.
Standard status
Pending
APN
422201 29.68-1-14
Size
1,394 SF
Lot size
0.96 Acres
Additional Details
Property Use
Shop
Taxes and HOA fees
Tax Annual Amount
3871
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
WiFi
security system
Building Details
Year built
1955
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Rubber
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Christopher Iwinski · License #10401237144
(518) 405-6888
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 31 at 10:06AM
MLS# 202624577
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 16 Market Street in Scotia, this 1,394-square-foot flex space sits on a 0.96-acre parcel and was built in 1955. The block building has a concrete floor, a private office, two bathrooms, and a main work area. Two 14-foot overhead doors provide vehicle access. The property is zoned Industrial and includes 440 electrical service, WiFi, and a security system.
Recent improvements include a gas furnace, windows, and a rubber roof. Window-unit cooling supplements natural gas heating. Public water and public sewer serve the property. Exterior parking and yard area are also included, along with one shed.
Recent improvements include a gas furnace, windows, and a rubber roof. Window-unit cooling supplements natural gas heating. Public water and public sewer serve the property. Exterior parking and yard area are also included, along with one shed.
Key Highlights
- 1,394 square feet on a 0.96‑acre parcel
- Two 14‑foot overhead doors
- 440 electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,622
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,440
$172.4K
Cap Rate 7%
$123,171
$123.2K
Cap Rate 9%
$95,800
$95.8K
Market Conditions
NOI Build-Up for 1,394 SF
Gross rent
$13.2K $9.48/SF
− Vacancy
−$899 −$0.64/SF
EGI
$12.3K $8.84/SF
− OpEx
−$3.7K −$2.65/SF
NOI
$8.6K $6.18/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,440
Cap Rate 7%
$123,171
Cap Rate 9%
$95,800
Alternative Uses
Best Use
Industrial
$123.2K
$107.8K – $143.7K
NOI $8,622 @ 7.0% cap · market cap 2.88%
Second Best
Flex RnD
$114.4K
$100.1K – $133.4K
NOI $8,006 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$417.2K
$365.1K – $486.8K
NOI $29,207 @ 7.0% cap · market cap 9.77%
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
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A dedicated office, two bathrooms, and overhead-door access complement the primary work area.
Where is this flex space located?
The property is located at 16 Market Street Scotia, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,394 square feet on a 0.96‑acre parcel; Two 14‑foot overhead doors; 440 electrical service
