Listing Agency: REALTY ONE GROUP KEY Show Phone

Listed By: Leah Witko · License #10401256547 Show Phone

Added: Apr 15 Changed: Oct 1 Last Checked: Oct 18 at 12:06AM

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MLS# 11692520

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Investment Insights

Based on property information with market context.

This approximately 4,500-square-foot manufacturing building supports distillery operations with manufacturing, labeling, and tasting conducted on the premises. The property also includes private parking and outdoor space that may accommodate tasting and dining activities.

The building is situated on Amsterdam Road in Schenectady, NY, an area described as having high traffic counts. The offering includes the business and real estate; fixtures, furniture, and equipment associated with the distillery are available separately.

Key Highlights

• Approximately 4,500 SF manufacturing building
• Distillery operations include manufacturing, labeling, and on‑site tasting
• Business and real estate offered together

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,831

Cap Rate

7.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$556,620 $556.6K

Cap Rate 7%

$397,586 $397.6K

Cap Rate 9%

$309,233 $309.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$42.7K $9.48/SF

− Vacancy

−$2.9K −$0.64/SF

EGI

$39.8K $8.84/SF

− OpEx

−$11.9K −$2.65/SF

NOI

$27.8K $6.18/SF

Area

Schenectady County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$556,620

Cap Rate 7%

$397,586

Cap Rate 9%

$309,233

Alternative Uses

Best Use

Industrial

$397.6K

$347.9K – $463.9K (±1% cap)

NOI $27,831 @ 7.0% cap · market cap 7.97%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,284 @ 7.0% cap · market cap 27.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The Schenectady Distilling Co./36 ... Brewery & Distillery Fat Baby Bourbon Brewery & Distillery

Suggested Use

Top Pick Parking Lot & Garage Building Supply Electrical Service Auto Repair Shop Plumbing Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Paved road access

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Manufacturing facility with on-site labeling, tasting operations, private parking, and outdoor space for customer use.

Where is this manufacturing property located?

The property is located at 3304 Amsterdam Road Schenectady, NY.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Approximately 4,500 SF manufacturing building; Distillery operations include manufacturing, labeling, and on‑site tasting; Business and real estate offered together