Schenectady Retail Space For
For Sale
Contact for pricing
2855 Aqueduct Rd, Schenectady, NY 12309
Well-located property with high visibility and accessibility in Schenectady.
Property Size3,833 SF
Price / SF$208.45
Days on Market204
Property Features for 2855 Aqueduct Rd
General Information
Standard status
Active
Size
3,833 SF
Class
C
Total Parking Spaces
4
Property subtype
Retail
Zoning
Mixed Use
Building Details
Year Built
1900
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices Blake, REALTORS Albany
(518) 232-0697
Listed By:
Karen Zalewski-Wildzunas · License #NY 10401299136
Source:
Crexi
Added: Jan 27
Changed: Aug 19
Last Checked: Aug 17 at 1:14PM
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 Berkshire Hathaway HomeServices Blake, REALTORS Albany
Investment Insights
Based on property information with market context.
This well-located property offers exceptional visibility and accessibility in a convenient area of Schenectady. Situated near major thoroughfares and established neighborhoods, the property presents a versatile opportunity for a wide range of uses. The property is suitable for establishing an office, retail space, or service-based business, offering both convenience and long-term growth potential. It is ideal for an owner-occupant or investor seeking a strategic location in Schenectady. The property size is 3833 square feet.
Key Highlights
- Exceptional visibility and accessibility.
- Convenient location near major thoroughfares and established neighborhoods.
- Versatile opportunity for office, retail, or service‑based business.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,267
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$925,340
$925.3K
Cap Rate 7%
$660,957
$661.0K
Cap Rate 9%
$514,078
$514.1K
Market Conditions
NOI Build-Up for 3,833 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.0K $18.00/SF
− Vacancy
−$2.9K −$0.76/SF
EGI
$66.1K $17.24/SF
− OpEx
−$19.8K −$5.17/SF
NOI
$46.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$925,340
Cap Rate 7%
$660,957
Cap Rate 9%
$514,078
Alternative Uses
Best Use
Retail
$661.0K
$578.3K – $771.1K
NOI $46,267 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,309 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 12309, NY
31,273
Population
13,623
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,777
Density / Sq Mi
$119,830
Median Household Income
$68,167
Median Earnings
$1,472
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-located property with high visibility and accessibility in Schenectady.
Where is this retail space located?
The property is located at 2855 Aqueduct Rd Schenectady, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Exceptional visibility and accessibility.; Convenient location near major thoroughfares and established neighborhoods.; Versatile opportunity for office, retail, or service‑based business.
