Mixed-Use Retail/Warehouse
For Sale
$359,000
3304 AMSTERDAM RD, Schenectady, NY 12302
Versatile mixed-use retail and warehouse building with on-site parking and a flexible layout.
Property Size4,400 SF
Price / SF$81.59
Days on Market180
Property Features for 3304 AMSTERDAM RD
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$9,000
Amenities
Central Air, A/C - Other
3
Other
Rubber
Commercial
18 Parking Spaces. Private, Paved Driveway.
300X55
Other Building.
Building Details
Year Built
1955
Listing Agency:
Realty One Group Key
(518) 534-3714
Listed By:
Ryan Mortka · License #10401319216
(518) 534-3714
Source:
Xome
Added: Feb 12
Changed: Aug 7
Last Checked: Aug 10 at 2:47AM
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 retail and warehouse building offers a flexible layout designed to support retail, warehouse, or service-based business use. The property is approximately 4,400 SF and includes on-site parking, with additional room to expand.
Located along Amsterdam Rd in Schenectady, the site provides easy access to Schenectady, Scotia, and Amsterdam.
The building is being offered for sale, with the option that a business could be added for sale separately.
Located along Amsterdam Rd in Schenectady, the site provides easy access to Schenectady, Scotia, and Amsterdam.
The building is being offered for sale, with the option that a business could be added for sale separately.
Key Highlights
- Versatile mixed‑use retail/warehouse building with a flexible layout for retail, warehouse, or service‑based businesses
- +/- 4,400 SF property with central air (A/C - other) and heating listed as 3
- Commercial zoning; 18 on‑site parking spaces with a private paved driveway
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
Retail
$758.7K
$663.9K – $885.2K
NOI $53,112 @ 7.0% cap · market cap 14.79%
Second Best
Warehouse
$472.1K
$413.1K – $550.7K
NOI $33,044 @ 7.0% cap · market cap 9.20%
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
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile mixed-use retail and warehouse building with on-site parking and a flexible layout.
Where is this flex space located?
The property is located at 3304 AMSTERDAM RD 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: Versatile mixed‑use retail/warehouse building with a flexible layout for retail, warehouse, or service‑based businesses; +/- 4,400 SF property with central air (A/C - other) and heating listed as 3; Commercial zoning; 18 on‑site parking spaces with a private paved driveway
