Multi-Building Industrial Flex
For Sale
Contact for pricing
37 Maple Ave, Schenectady, NY 12302
Four industrial buildings with office, storage, loading, production space, and specialty HVAC and air circulation systems.
Property Size4,295 SF
Price / SF$145.52
Days on Market157
Property Features for 37 Maple Ave
General Information
Standard status
Active
Size
4,295 SF
Property subtype
OFFICE
Listing Agency:
Hanna Commercial Real Estate | Capital Region, NY
(518) 364-7406
Listed By:
Jessica L. Richer · License #10401377015
(518) 364-7406
Source:
Moodyscre
Added: Feb 24
Changed: Jul 28
Last Checked: Jul 30 at 9:49AM
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 Hanna Commercial Real Estate | Capital Region, NY
Investment Insights
Based on property information with market context.
This multi-building industrial flex property features four separate buildings with a mix of office space, storage, loading areas, and production space, supported by plenty of open space across the site. The buildings are outfitted with specialty HVAC and air circulation systems, and the property has a documented history as a chemical company.
The property is located at 37 Maple Ave in Schenectady, NY. Its configuration supports both administrative and operational functions on-site, with dedicated loading and production space across multiple buildings.
The combination of office, storage, loading, and production space—along with the specialty HVAC and air circulation improvements—creates a practical setup for companies that require on-site process support and flexible operational layouts.
The property is located at 37 Maple Ave in Schenectady, NY. Its configuration supports both administrative and operational functions on-site, with dedicated loading and production space across multiple buildings.
The combination of office, storage, loading, and production space—along with the specialty HVAC and air circulation improvements—creates a practical setup for companies that require on-site process support and flexible operational layouts.
Key Highlights
- Four industrial buildings offering office, storage, loading, and production space
- Property includes 4 buildings with office, storage, loading area, and production space
- Previously used as a chemical company
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $9.48 |
| − Vacancy | −$2.8k | −$0.64 |
| EGI | $37.9k | $8.84 |
| − OpEx | −$5.7k | −$1.33 |
| NOI | $32.3k | $7.51 |
4,295 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$460.8K
$403.2K – $537.6K
NOI $32,256 @ 7.0% cap · market cap 5.16%
Second Best
Industrial
$379.5K
$332.1K – $442.7K
NOI $26,564 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,989 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Balanced
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
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Frequently Asked Questions
What type of property is this?
Flex space - Four industrial buildings with office, storage, loading, production space, and specialty HVAC and air circulation systems.
Where is this flex space located?
The property is located at 37 Maple Ave Schenectady, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four industrial buildings offering office, storage, loading, and production space; Property includes 4 buildings with office, storage, loading area, and production space; Previously used as a chemical company
