Mixed-Use Property With Retail
New
For Sale
$899,900
671 Mariaville Road, Schenectady, NY 12306
Commercial Sale, Schenectady, NY
Property Size5,837 SF
Lot Size0.81 Acres
Price / SF$154.17
Days on Market1
Property Features for 671 Mariaville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking
75
Parking features
Off Street
Security features
Security Lighting
Patio and Porch features
Patio
Interior features
High Speed Internet, Solid Surface Counters, Walk-In Closet(s), Wet Bar, Built-in Features, Ceramic Tile Bath, Crown Molding, Dry Bar
Exterior features
Lighting
Fireplace
1
Basement
Unfinished, Interior Entry, Full
Lot features
Road Frontage, Level, Corner Lot, Landscaped
Elementary school
Jefferson ES
Elementary school district
Schalmont
Middle school district
Schalmont
High school district
Schalmont
Directions
Google maps
Standard status
Active
APN
422800 47.-8-4.1
Size
5,837 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Annual Amount
16033
Utilities
Sewer type
Septic Tank
Heating system
Fireplace Insert, Electric (Heating), Fireplace(s), Heat Pump (Heating), Forced Air, Baseboard, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Flooring type
Hardwood, Wood, Tile - Ceramic, Tile, Laminate
Building materials
Brick, Brick Veneer, Masonite, Stucco
Roof type
Rubber, Shingle
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
Carr Real Estate Group LLC
Listed By:
Richard Carr · License #10491207486
(518) 488-2434
Added: Sep 3
Last Checked: Sep 3 at 7:06PM
MLS# 202625381
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property at 671 Mariaville Road contains 5,837 square feet on a 0.81-acre parcel. The improvements include retail areas, a second-floor one-bedroom apartment, and a detached 16-by-20-foot office building. The property was substantially remodeled in 2004, and the roof was replaced with rubber slate-style shingles. Interior features include ceramic tile, hardwood and laminate flooring, solid-surface counters, wet and dry bars, built-in features, and crown molding. Central air, forced-air and baseboard heating, natural gas, public water, and septic service are also present.
The corner property includes off-street parking, exterior lighting, and a patio. Four retail tenants occupy the commercial space, with additional property income associated with a propane fill station and the apartment. The sale covers the real estate; operating businesses are excluded, with the gun store and pool supply store identified as negotiable. The location is in Schenectady, NY, within ZIP Code 12306.
The corner property includes off-street parking, exterior lighting, and a patio. Four retail tenants occupy the commercial space, with additional property income associated with a propane fill station and the apartment. The sale covers the real estate; operating businesses are excluded, with the gun store and pool supply store identified as negotiable. The location is in Schenectady, NY, within ZIP Code 12306.
Key Highlights
- 5,837‑square‑foot mixed‑use property on 0.81 acres
- Located at 671 Mariaville Road, Schenectady, NY 12306
- Four retail tenants occupy the commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,032
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,640,640
$1.6M
Cap Rate 7%
$1,171,886
$1.2M
Cap Rate 9%
$911,467
$911.5K
Market Conditions
NOI Build-Up for 5,837 SF
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.
Gross rent
$114.2K $19.56/SF
− Vacancy
−$4.8K −$0.82/SF
EGI
$109.4K $18.74/SF
− OpEx
−$27.3K −$4.68/SF
NOI
$82.0K $14.05/SF
Area
Schenectady County, NY
Vacancy
4.20%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,640,640
Cap Rate 7%
$1,171,886
Cap Rate 9%
$911,467
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,032 @ 7.0% cap · market cap 9.12%
Second Best
Mixed Use
$1.15M
$1.01M – $1.34M
NOI $80,551 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,297 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot commercial property combines retail occupancy, an apartment, and a separate office building.
Where is this mixed-use property located?
The property is located at 671 Mariaville Road Schenectady, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 5,837‑square‑foot mixed‑use property on 0.81 acres; Located at 671 Mariaville Road, Schenectady, NY 12306; Four retail tenants occupy the commercial space
