Turn-Key Commercial Building For
For Sale
$279,000
300 Old Niskayuna Road, Colonie, NY 12110
Commercial building operating as a hair salon for over 20 years.
Property Size1,518 SF
Price / SF$183.79
Days on Market212
Property Features for 300 Old Niskayuna Road
General Information
Standard status
Active
Size
1,518 SF
Total Parking Spaces
4
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$3,031
Building Details
Year Built
1912
Buildings
1
Stories
1
Listing Agency:
Empire Real Estate Firm LLC
Listed By:
Ryan Manning
(518) 337-7260
Source:
Capmarkrealty
Added: Mar 10
Changed: Oct 4
Last Checked: Oct 5 at 4:02PM
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 / Yr
$18,341
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
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
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 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 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.5K
$350.4K – $467.2K
NOI $28,034 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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
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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 $279,000.
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.
