Office
For Sale
Contact for pricing
406 Union Street, Schenectady, NY 12305
Office space on Union Street provides a setting for a business operation in Schenectady.
Property Size1,559 SF
Price / SF$1.92
Days on Market208
Property Features for 406 Union Street
General Information
Standard status
Active
Size
1,559 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1950
Listing Agency:
Miranda Real Estate Group Inc
(518) 348-2060
Listed By:
Imran Abdul Qayoom · License #10401376518
(518) 698-4297
Source:
Simplywoodardrealestate
Added: Apr 9
Changed: Nov 1
Last Checked: Nov 1 at 4:09PM
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 Miranda Real Estate Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office property at 406 Union Street in Schenectady contains 1,559 square feet. The building dates to 1950.
Key Highlights
- 1,559 square feet of office space
- Building constructed in 1950
- Located at 406 Union Street, Schenectady, NY 12305
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,269
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,380
$525.4K
Cap Rate 7%
$375,271
$375.3K
Cap Rate 9%
$291,878
$291.9K
Market Conditions
NOI Build-Up for 1,559 SF
Gross rent
$41.2K $26.40/SF
− Vacancy
−$6.1K −$3.93/SF
EGI
$35.0K $22.47/SF
− OpEx
−$8.8K −$5.62/SF
NOI
$26.3K $16.85/SF
Area
Schenectady County, NY
Vacancy
14.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,380
Cap Rate 7%
$375,271
Cap Rate 9%
$291,878
Alternative Uses
Best Use
Office B
$375.3K
$328.4K – $437.8K
NOI $26,269 @ 7.0% cap · market cap 875.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 1,088.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,987
Businesses Nearby
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Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office space on Union Street provides a setting for a business operation in Schenectady.
Where is this office unit located?
The property is located at 406 Union Street Schenectady, NY.
What are key features of this property?
This property features: 1,559 square feet of office space; Building constructed in 1950; Located at 406 Union Street, Schenectady, NY 12305
