Office Units with On-Site
For Sale
Contact for pricing
670 Franklin Street, Schenectady, NY 12305
The property provides office space with parking available on the premises.
Property Size24,608 SF
Price / SF$0.00
Days on Market441
Property Features for 670 Franklin Street
General Information
Standard status
Active
Size
24,608 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1981
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Source:
Simplywoodardrealestate
Added: Aug 19, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:45PM
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 Berkshire Hathaway Home Services Blake
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Investment Insights
Based on property information with market context.
The office property at 670 Franklin Street in Schenectady contains 24,608 square feet. Built in 1981, it includes on-site parking for occupants and visitors.
Key Highlights
- 24,608‑square‑foot office property
- Built in 1981 with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$414,640
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,292,800
$8.3M
Cap Rate 7%
$5,923,429
$5.9M
Cap Rate 9%
$4,607,111
$4.6M
Market Conditions
NOI Build-Up for 24,608 SF
Gross rent
$649.7K $26.40/SF
− Vacancy
−$96.8K −$3.93/SF
EGI
$552.9K $22.47/SF
− OpEx
−$138.2K −$5.62/SF
NOI
$414.6K $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%
$8,292,800
Cap Rate 7%
$5,923,429
Cap Rate 9%
$4,607,111
Alternative Uses
Best Use
Office B
$5.92M
$5.18M – $6.91M
NOI $414,640 @ 7.0% cap · market cap 2,764,266.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.37M
$6.44M – $8.59M
NOI $515,587 @ 7.0% cap · market cap 3,437,246.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,205
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 - The property provides office space with parking available on the premises.
Where is this office unit located?
The property is located at 670 Franklin Street Schenectady, NY.
What are key features of this property?
This property features: 24,608‑square‑foot office property; Built in 1981 with on‑site parking
