Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    162 Sacandaga Rd Scotia, NY 12302-1537

    • Strip malls
    • 33,685 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5367135
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lincare / Oxygen Equipment Supplier / Medical Equipment Supplier
    • Scotia Beverage / Beer Store / Alcoholic Beverage Wholesaler
    • Converge Community Church / Place Of Worship

    Property Details for 162 Sacandaga Rd

    Year built
    1963
    Lot size
    2.50 lot acres
    Property size
    33,685 SF
    Zone code
    CON
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    422201 29.83-1-7.111
    APU
    422201298317111

    Description

    Scotia Village Plaza, located at 162 Sacandaga Rd, Scotia, NY 12302, offers prime retail space in Schenectady County. This 33,025 square foot retail center boasts 200 parking spaces and is situated on a 2.5-acre lot. Currently, 11,510 square feet of space is available, with units ranging from 2,000 to 11,510 square feet, offering flexible layouts to suit various business needs. The property features 3-phase 1200 amp power and is zoned for retail commercial use. The plaza enjoys a strong tenant mix, including Dollar General and Comfort Inn & Suites, along with a soon-to-open liquor store, diner, Chinese takeout, and beverage center. This established location benefits from high visibility and convenient access to major routes like Route 50 and NY-5, serving a substantial daily traffic volume. The surrounding area is a thriving bedroom community with close proximity to schools, churches, and residential neighborhoods, boasting a population exceeding 70,000 within a 5-mile radius and a median household income of approximately $74,000. Property taxes are $0.93 per square foot, and NNN expenses are competitively priced at $3.90 per square foot. This makes Scotia Village Plaza a cost-effective and attractive option for businesses seeking a strong location within a vibrant community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scotia
    County
    Schenectady
    State
    New York
    Longitude
    -73.9697
    Latitude
    42.8343
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $210,400
    $439,600
    $650,000
    -
    $309,412
    $646,470
    $955,882

    Comparable in this City

    • Value Estimation by Request
      14,170 SF

      14 Saratoga Rd

      SHOPPING CENTER, STRIP CENTER • 14,170 SF
      14 Saratoga Rd, Schenectady, NY 12302-3454
      View Details
    • Value Estimation
      $730,000
      83,859 SF

      300 Saratoga Rd

      SHOPPING CENTER, STRIP CENTER • 83,859 SF
      300 Saratoga Rd, Schenectady, NY 12302-5000
      View Details
    • Value Estimation by Request
      10,000 SF

      15 Glenridge Rd

      REGIONAL SHOPPING CENTER, MALL • 10,000 SF
      15 Glenridge Rd, Schenectady, NY 12302-4549
      View Details
    • Value Estimation
      $855,000
      81,125 SF

      262 Saratoga Rd

      REGIONAL SHOPPING CENTER, MALL • 81,125 SF
      262 Saratoga Rd, Schenectady, NY 12302-4521
      View Details
    • Value Estimation
      $1,465,000
      204,167 SF

      200 Dutch Mdws Ln

      REGIONAL SHOPPING CENTER, MALL • 204,167 SF
      200 Dutch Mdws Ln, Glenville, NY 12302-3546
      View Details
    • Value Estimation by Request
      11,360 SF

      123 Saratoga Rd

      REGIONAL SHOPPING CENTER, MALL • 11,360 SF
      123 Saratoga Rd, Schenectady, NY 12302-4237
      View Details

    Similar Nearby for Sale

    • $699,000
      Pending

      Fully Leased Retail Strip Center

      Fully leased retail strip center, great location, strong tenant mix.
      272 Saratoga Rd, Glenville, NY 12302
      View Details
    • $2,000,000
      2,338 SF

      Retail Property on Saratoga Road

      Retail property for sale in Schenectady, New York.
      231 Saratoga Rd, Schenectady, NY 12302
      View Details
    • $1,650,000
      4,500 SF

      Restaurant Building with River Views

      Two-story restaurant building with FF&E, parking, and permits.
      2 Freemans Bridge Rd, Schenectady, NY 12302
      View Details
    • $469,999
      1,800 SF

      Glenville Mixed-Use Building For Sale

      Mixed-use building with retail space, apartment, and high visibility.
      658 Saratoga Rd, Glenville, NY 12302
      View Details
    • $375,000
      5,271 SF

      Restaurant and Pub Opportunity

      Restaurant/Pub with buildout and FFE included, outdoor seating available.
      115 Saratoga Rd, Glenville, NY 12302
      View Details
    • $895,000
      2,880 SF

      Commercial Building in Thriving Community

      2,880 sq ft commercial building in Scotia, NY for sale.
      180 Sacandaga Rd, Glenville, NY 12302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,191 SF

      Retail Space on Saratoga Road

      Retail space available in a busy, well-maintained plaza.
      5-7 Saratoga Rd, Glenville, NY 12302
      View Details
    • $20 SF/Yr
      2,826 SF

      Glenville Retail Space For Lease

      Retail spaces available in a Target-anchored shopping center.
      210 Saratoga Rd, Schenectady, NY 12302
      View Details
    • $20 SF/Yr

      High-Visibility Retail Space Available

      Retail space in a busy plaza with excellent visibility.
      5 Saratoga Rd, Glenville, NY 12302
      View Details
    • $16 SF/Yr
      36,000 SF

      Glenville Retail/Office Space Available

      Premier building in growing area with retail and office options.
      115 Saratoga Rd, Glenville, NY 12302
      View Details
    • $1.00 SF/Yr
      4,523 SF

      Glenville Restaurant/Retail Opportunity

      Restaurant, retail, or development opportunity in Glenville, NY.
      140 Freemans Bridge Rd, Glenville, NY 12302
      View Details
    • $900 /Mo
      10,595 SF

      Retail Space with Convenient Parking

      Bite-sized retail space with parking in front, ready to occupy.
      165 Freemans Bridge Rd, Scotia, NY 12302
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    162 Sacandaga Rd
    Scotia, NY 12302-1537
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.