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Property profile & analytics
FOR LEASE
Strip malls

1344 Gerling St Schenectady, NY 12308

50,133 SF 5 ac lot Built 1954
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US63-2485478
Property summary
AI-generated overview

Sheridan Plaza offers 42,397 square feet of prime retail space in Schenectady County, ideally situated for businesses seeking high visibility and convenient access. This multi-tenant property boasts a prominent location with pylon signage and excellent drive-thru capabilities, enhanced by five full-access curb cuts. The center comprises six suites, ranging from a minimum of 833 square feet to a maximum contiguous space of 10,270 square feet, providing flexibility for various business needs. Seven spaces are currently available. Ample parking is provided with 187 spaces available for customers and employees. The 5.14-acre site benefits from its proximity to local high schools, an art school, and Union College, ensuring a consistent flow of potential customers from a diverse and active community of approximately 2,096 students. This strategic location offers exceptional visibility and accessibility, making Sheridan Plaza an attractive investment opportunity for businesses seeking a thriving retail environment. The property's features make it an ideal location for a variety of retail uses.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1954
Total area 50,133 SF
Lot 5 ac (217,800 SF)
Zoning code 05 - COMMERCIAL
APN 421500 40.37-4-6
UPID US63-2485478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Pharmacy Pharmacy
  • FedEx OnSite Postal Service Courier Service
  • COVID-19 Drive-Thru Testing at Walgreens Pharmacy
  • Walgreens Pharmacy
  • Grapevine Wine & Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$930k
Owner & transaction history
Sheridan Plaza Holdings LLC · 4 yrs held
Sheridan Plaza Holdings LLC
since 2022
Last sale
$1.0M
5 recorded transactions
2022
$1.0M
2019
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
05 - COMMERCIAL · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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