Street-Level Office
For Sale
Contact for pricing
525 Union Street, Schenectady, NY 12305
An open plan with high ceilings and enclosed offices offers flexible workspace configuration.
Property Size1,650 SF
Price / SF$1.21
Days on Market195
Property Features for 525 Union Street
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Office
Space & Availability
Floor
Street Level
Condition
Built-Out
Additional Details
Property Use
Office
Amenities
common bathrooms
high ceilings
boxed out offices
Building Details
Year Built
2015
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Leah A Witko · License #10401256547
(518) 649-7505
Source:
Simplywoodardrealestate
Added: Apr 22
Changed: Nov 1
Last Checked: Nov 1 at 3:36PM
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 Realty One Group Key
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Investment Insights
Based on property information with market context.
Street-level office space at 525 Union Street in Schenectady offers approximately 1,650 square feet. The interior combines an open area with boxed-out offices and high ceilings; shared bathrooms are located in the hall. The building was constructed in 2015.
Private off-street parking is available behind the building, with access from Union Street.
Private off-street parking is available behind the building, with access from Union Street.
Key Highlights
- Approximately 1,650 square feet of office space
- Street‑level setting at 525 Union Street
- Open area, high ceilings, and boxed‑out offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,802
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,040
$556.0K
Cap Rate 7%
$397,171
$397.2K
Cap Rate 9%
$308,911
$308.9K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$43.6K $26.40/SF
− Vacancy
−$6.5K −$3.93/SF
EGI
$37.1K $22.47/SF
− OpEx
−$9.3K −$5.62/SF
NOI
$27.8K $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%
$556,040
Cap Rate 7%
$397,171
Cap Rate 9%
$308,911
Alternative Uses
Best Use
Office B
$397.2K
$347.5K – $463.4K
NOI $27,802 @ 7.0% cap · market cap 1,390.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.9K
$432.1K – $576.2K
NOI $34,571 @ 7.0% cap · market cap 1,728.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,095
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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - An open plan with high ceilings and enclosed offices offers flexible workspace configuration.
Where is this office unit located?
The property is located at 525 Union Street Schenectady, NY.
What are key features of this property?
This property features: Approximately 1,650 square feet of office space; Street‑level setting at 525 Union Street; Open area, high ceilings, and boxed‑out offices
