Commercial Land at Signalized
New
For Sale
$1,990,000
1874 Altamont Avenue, Schenectady, NY 12303
Commercial Sale, Schenectady, NY
Property Size7,164 SF
Lot Size1.01 Acres
Price / SF$277.78
Days on Market1
Property Features for 1874 Altamont Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
40
Directions
From the nearby well-known McDonald's at 1637 Altamont Ave, head east on Altamont Avenue toward Curry Road, and continue straight for about a block. 1874 Altamont Ave will be on your right just past the intersection near the Market 32 shopping area (close to 1879 Altamont Ave) in Rotterdam/Schenectady, NY 12303.
Standard status
Active
APN
422800 59.9-7-15.11
Size
7,164 SF
Lot size
1.01 Acres
Taxes and HOA fees
Tax Annual Amount
17731
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Building materials
Metal Siding
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Benjamin R Romer · License #10401317745
(518) 368-3932
Added: Oct 15
Last Checked: Oct 15 at 8:06PM
MLS# 202628277
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.
This 1.01-acre commercial parcel occupies a corner at a signalized intersection in Rotterdam. Commercial zoning supports a range of development possibilities, subject to applicable requirements.
Route 9 access is identified at the site, with established retailers and residential neighborhoods in the surrounding area.
Route 9 access is identified at the site, with established retailers and residential neighborhoods in the surrounding area.
Key Highlights
- 1.01‑acre commercial parcel
- Corner position at a signalized intersection
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,475
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,500
$1.7M
Cap Rate 7%
$1,235,357
$1.2M
Cap Rate 9%
$960,833
$960.8K
Market Conditions
NOI Build-Up for 7,164 SF
Gross rent
$129.0K $18.00/SF
− Vacancy
−$5.4K −$0.76/SF
EGI
$123.5K $17.24/SF
− OpEx
−$37.1K −$5.17/SF
NOI
$86.5K $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%
$1,729,500
Cap Rate 7%
$1,235,357
Cap Rate 9%
$960,833
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.44M
NOI $86,475 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,100 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial zoning and a signal-controlled intersection shape the site's development context.
Where is this commercial land located?
The property is located at 1874 Altamont Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 1.01‑acre commercial parcel; Corner position at a signalized intersection; Commercial zoning
