Schenectady Commercial Opportunity For
For Sale
$400,000
Pending
440 Peek Street, Schenectady, NY 12308
Commercial property suitable for automotive, manufacturing, or service businesses.
Property Size2,700 SF
Lot Size0.49 Acres
Days on Market285
Property Features for 440 Peek Street
General Information
Standard status
Pending
Size
2,700 SF
Lot size
0.49 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,287
Amenities
Gravel
Private
Building Details
Year Built
1972
Listing Agency:
HOWARD HANNA CAPITAL INC
(518) 371-4500
Listed By:
JOSEPH P CARDINALE · License #10401290174
(518) 755-2064
Source:
Corcoran
Added: Jan 7
Changed: Oct 16
Last Checked: Oct 19 at 6:44AM
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 HOWARD HANNA CAPITAL INC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property in Schenectady offers an opportunity for vehicle fleet operations, featuring approximately 0.5 acres of yard space suitable for a fenced and secured setup. Located at 440 Peek Street, the property is suited for automotive repair, light manufacturing, or service-oriented businesses. It features flexible zoning, a spacious lot, and convenient access to major transportation routes, facilitating efficient operations and customer accessibility. The property contains 2700 square feet of space. This location is suitable for established operators looking to expand and entrepreneurs seeking a location to launch their business in an improving commercial corridor.
Key Highlights
- Large, roughly 0.5‑acre yard space suitable for vehicle fleet operations.
- Fully fenced and secured setup potential.
- Flexible zoning suitable for automotive repair, light manufacturing, or service‑oriented businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,591
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,820
$651.8K
Cap Rate 7%
$465,586
$465.6K
Cap Rate 9%
$362,122
$362.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$48.6K $18.00/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$46.6K $17.24/SF
− OpEx
−$14.0K −$5.17/SF
NOI
$32.6K $12.07/SF
Area
Schenectady County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,820
Cap Rate 7%
$465,586
Cap Rate 9%
$362,122
Alternative Uses
Best Use
Retail
$465.6K
$407.4K – $543.2K
NOI $32,591 @ 7.0% cap · market cap 8.15%
Second Best
Industrial
$238.6K
$208.7K – $278.3K
NOI $16,699 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,570 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1908 Van Vranken Ave., Schenectady, NY 12308
Frequently Asked Questions
What type of property is this?
Automotive property - Commercial property suitable for automotive, manufacturing, or service businesses.
Where is this automotive property located?
The property is located at 440 Peek Street Schenectady, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Large, roughly 0.5‑acre yard space suitable for vehicle fleet operations.; Fully fenced and secured setup potential.; Flexible zoning suitable for automotive repair, light manufacturing, or service‑oriented businesses.
