Mixed-Use Retail/Warehouse Building For
For Sale
$359,000
3304 Amsterdam Road, Schenectady, NY 12302
Versatile 4,400 SF mixed-use building in high-traffic location.
Property Size4,400 SF
Price / SF$81.59
Days on Market143
Property Features for 3304 Amsterdam Road
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
18
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$9,000
Building Details
Year Built
1955
Buildings
1
Stories
1
Listing Agency:
Realty One Group Key
Listed By:
Ryan Mortka · License #10401319216
(518) 534-3714
Source:
Capmarkrealty
Added: Apr 16
Changed: Sep 3
Last Checked: Sep 5 at 3:58AM
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 Realty One Group Key
Investment Insights
Based on property information with market context.
This mixed-use property offers approximately 4,400 square feet of space suitable for retail, warehouse, or service-based businesses. The building is located in a high-visibility area with substantial daily traffic. The location provides convenient access to Schenectady, Scotia, and Amsterdam. On-site parking is available. The property offers room for expansion, making it suitable for both owner-users and investors.
Key Highlights
- High‑visibility location on a major thoroughfare with strong daily traffic.
- Versatile mixed‑use retail/warehouse building suitable for various businesses.
- +/- 4,400 SF flexible layout.
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
$33,044
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
9.20%
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%
$660,880
$660.9K
Cap Rate 7%
$472,057
$472.1K
Cap Rate 9%
$367,156
$367.2K
Market Conditions
NOI Build-Up for 4,400 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
$41.7K $9.48/SF
− Vacancy
−$2.8K −$0.64/SF
EGI
$38.9K $8.84/SF
− OpEx
−$5.8K −$1.33/SF
NOI
$33.0K $7.51/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$660,880
Cap Rate 7%
$472,057
Cap Rate 9%
$367,156
Alternative Uses
Best Use
Mixed Use
$867.4K
$759.0K – $1.01M
NOI $60,720 @ 7.0% cap · market cap 16.91%
Second Best
Retail
$758.7K
$663.9K – $885.2K
NOI $53,112 @ 7.0% cap · market cap 14.79%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,189 @ 7.0% cap · market cap 25.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile 4,400 SF mixed-use building in high-traffic location.
Where is this mixed-use property located?
The property is located at 3304 Amsterdam Road Schenectady, NY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: High‑visibility location on a major thoroughfare with strong daily traffic.; Versatile mixed‑use retail/warehouse building suitable for various businesses.; +/- 4,400 SF flexible layout.
