Schenectady Commercial Opportunity For
440 Peek Street Schenectady, NY 12308
440 Peek Street, Schenectady, NY, 12308
$400,000
Pending
For Sale
$400,000
Pending
Commercial property suitable for automotive, manufacturing, or service businesses.
Property Size2,700 SF
Lot Size0.49 Acres
Days on Market194
Property Features for 440 Peek Street
General Information
- Standard status
- Pending
- Size
- 2,700 SF
- Lot size
- 0.49 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing Agency
HOWARD HANNA CAPITAL INC
(518) 371-4500
Listed by
JOSEPH P CARDINALE · License #10401290174
Source
Corcoran
Added: Jan 7 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 4:04 am
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
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.
Local Financial Insights For Retail
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 | $48.6k | $18.00 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $46.6k | $17.24 |
| − OpEx | −$14.0k | −$5.17 |
| NOI | $32.6k | $12.07 |
2,700 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Automotive properties
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1908 Van Vranken Ave., Schenectady, NY 12308
FAQs
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.
