Flex Space with Drive-In
For Sale
Contact for pricing
2015 Hamburg St, Schenectady, NY 12304
Multiple offices and three distinct sections allow for varied commercial layouts.
Property Size8,600 SF
Price / SF$0.81
Days on Market45
Property Features for 2015 Hamburg St
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Commercial Building
Additional Details
Highway Access
Yes
Drive-In Doors
3
Property Use
Office
Building Details
Year Built
1970
Listing Agency:
COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
Listed By:
Todd Curley · License #40CU1059632
(518) 785-9000
Source:
Gosenproperties
Added: Sep 17
Changed: Oct 29
Last Checked: Oct 28 at 6:07AM
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 COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
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Investment Insights
Based on property information with market context.
This 8,600-square-foot flex property, built in 1970, includes multiple offices, three separate sections, and three drive-in doors. The configuration combines office areas with distinct spaces that can be arranged for different business operations.
Located on Hamburg Street in Schenectady, the property offers access to I-890.
Located on Hamburg Street in Schenectady, the property offers access to I-890.
Key Highlights
- Approximately 8,600 square feet
- Three drive‑in doors
- Multiple offices and three separate sections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,390
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,800
$987.8K
Cap Rate 7%
$705,571
$705.6K
Cap Rate 9%
$548,778
$548.8K
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$81.5K $9.48/SF
− Vacancy
−$5.5K −$0.64/SF
EGI
$76.0K $8.84/SF
− OpEx
−$26.6K −$3.09/SF
NOI
$49.4K $5.74/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,800
Cap Rate 7%
$705,571
Cap Rate 9%
$548,778
Alternative Uses
Best Use
Industrial
$759.8K
$664.9K – $886.5K
NOI $53,189 @ 7.0% cap · market cap 759.84%
Second Best
Flex RnD
$705.6K
$617.4K – $823.2K
NOI $49,390 @ 7.0% cap · market cap 705.57%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,187 @ 7.0% cap · market cap 2,574.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12304, NY
21,513
Population
9,438
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,211
Density / Sq Mi
$67,688
Median Household Income
$43,824
Median Earnings
$1,049
Median Rent
$171,500
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
Frequently Asked Questions
What type of property is this?
Flex space - Multiple offices and three distinct sections allow for varied commercial layouts.
Where is this flex space located?
The property is located at 2015 Hamburg St Schenectady, NY.
What are key features of this property?
This property features: Approximately 8,600 square feet; Three drive‑in doors; Multiple offices and three separate sections
