Mixed-Use Property With Retail
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 Market47
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 1, Bathroom 2
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
Full, Unfinished, Interior Entry
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
Heat Pump (Heating), Electric (Heating), Natural Gas, Forced Air, Fireplace Insert, Fireplace(s), Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Flooring type
Wood, Hardwood, Tile - Ceramic, Tile, Laminate
Building materials
Brick, Brick Veneer, Masonite, Stucco
Roof type
Shingle, Rubber
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
Changed: Oct 2
Last Checked: Oct 19 at 8:06AM
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.
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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 / Yr
$82,032
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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
