Turn-Key Commercial Building For
For Sale
$324,900
Pending
300 Old Niskayuna Road, Colonie, NY 12110
Commercial building operating as a hair salon for over 20 years.
Property Size1,518 SF
Lot Size0.06 Acres
Days on Market296
Property Features for 300 Old Niskayuna Road
General Information
Standard status
Pending
Size
1,518 SF
Lot size
0.06 Acres
Property subtype
Commercial
Building Details
Year Built
1912
Listing Agency:
EMPIRE REAL ESTATE FIRM LLC
(518) 662-7653
Listed By:
RYAN MANNING
Source:
Corcoran
Added: Nov 1, 2025
Changed: Jul 6
Last Checked: Jul 23 at 10:02AM
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 EMPIRE REAL ESTATE FIRM LLC
Investment Insights
Based on property information with market context.
This turn-key commercial building, currently operating as a hair salon for over 20 years, offers 1518 square feet of space. The building has been remodeled down to the studs and features refinished hardwood flooring and soaring high ceilings. Large windows provide plenty of natural light. A lofted space offers flexible usage options. Off-street parking is available. Potential uses include office, retail, studio space, or short-term rental. The property is located minutes from Albany Airport.
Key Highlights
- Turn‑key commercial building operating as a hair salon for 20+ years.
- Remodeled down to the studs with refinished hardwood flooring.
- Soaring high ceilings and plenty of natural light.
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
$18,341
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
5.65%
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%
$366,820
$366.8K
Cap Rate 7%
$262,014
$262.0K
Cap Rate 9%
$203,789
$203.8K
Market Conditions
NOI Build-Up for 1,518 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
$28.2K $18.60/SF
− Vacancy
−$2.0K −$1.34/SF
EGI
$26.2K $17.26/SF
− OpEx
−$7.9K −$5.18/SF
NOI
$18.3K $12.08/SF
Area
Albany, NY
Vacancy
7.20%
Lease Rate
$18.60 /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%
$366,820
Cap Rate 7%
$262,014
Cap Rate 9%
$203,789
Alternative Uses
Best Use
Retail
$262.0K
$229.3K – $305.7K
NOI $18,341 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.5K
$350.4K – $467.2K
NOI $28,034 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Tesla Motors
Shops & Services
1,508 visits/mo
0.1 miles
Safelite AutoGlass
Shops & Services
1,166 visits/mo
0.1 miles
Prime Storage
Shops & Services
746 visits/mo
0.4 miles
Demographics for 12110, NY
19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
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 - Commercial building operating as a hair salon for over 20 years.
Where is this retail space located?
The property is located at 300 Old Niskayuna Road Colonie, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Turn‑key commercial building operating as a hair salon for 20+ years.; Remodeled down to the studs with refinished hardwood flooring.; Soaring high ceilings and plenty of natural light.
