Two-Level Salon
New
For Sale
$475,000
2732 Guilderland Avenue, Schenectady, NY 12306
Salon operations occupy both floors, with separate customer and service areas on each level.
Property Size1,568 SF
Price / SF$302.93
Days on Market6
Property Features for 2732 Guilderland Avenue
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Commercial
Zoning
B-1
Additional Details
Business Included
Yes
Currently Operating
Yes
Building Details
Year Built
1932
Stories
2
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Paul A Friello · License #40FR0809579
(518) 424-3728
Source:
Signatureonerealtygroup
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 3:50AM
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 Prime Properties
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Investment Insights
Based on property information with market context.
The 1,568-square-foot storefront was built in 1932 and is currently operating as a hair salon. Its first floor has six styling stations, a shampoo station, a customer waiting area, and an accessible bathroom. The second floor includes four styling stations, another shampoo station, and a half bathroom. A central foyer provides separate access to the two floors, and wood flooring runs throughout the interior.
Located at 2732 Guilderland Avenue in Rotterdam, the property has a two-level salon layout. The second floor is identified as convertible to a two-bedroom apartment.
Located at 2732 Guilderland Avenue in Rotterdam, the property has a two-level salon layout. The second floor is identified as convertible to a two-bedroom apartment.
Key Highlights
- Six styling stations, shampoo area, waiting space, and accessible bathroom on the first floor
- Four styling stations, shampoo area, and half bathroom on the second floor
- 1,568 square feet across two floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,927
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,540
$378.5K
Cap Rate 7%
$270,386
$270.4K
Cap Rate 9%
$210,300
$210.3K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$28.2K $18.00/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$27.0K $17.24/SF
− OpEx
−$8.1K −$5.17/SF
NOI
$18.9K $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%
$378,540
Cap Rate 7%
$270,386
Cap Rate 9%
$210,300
Alternative Uses
Best Use
Retail
$270.4K
$236.6K – $315.5K
NOI $18,927 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.3K
$410.7K – $547.6K
NOI $32,853 @ 7.0% cap · market cap 6.92%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Salon operations occupy both floors, with separate customer and service areas on each level.
Where is this storefront property located?
The property is located at 2732 Guilderland Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Six styling stations, shampoo area, waiting space, and accessible bathroom on the first floor; Four styling stations, shampoo area, and half bathroom on the second floor; 1,568 square feet across two floors
