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    Property profile & analytics
    OFF-MARKET Estimated value $1,655,000
    Manufacturing properties

    450 Duane Ave, Schenectady, NY 12304-2638

    96,680 SF 2.2 ac lot Built 1940
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US63-2248571
    Property summary
    AI-generated overview

    This exceptional 97,000-square-foot flex building, situated on a 2.2-acre lot in Schenectady, NY, presents a unique investment opportunity. The property boasts a prime location with over 400 feet of frontage on I-890, providing excellent visibility and accessibility via Exit 6 and the New York State Thruway. Currently vacant, this Class B, four-story building offers immediate occupancy potential. Its flexible C-5 zoning allows for a wide range of uses, including office, research and development (R&D), light manufacturing, and self-storage. Previously occupied by a superconductor technology company, the existing infrastructure ensures operational readiness. The property benefits from its proximity to major retail corridors, including State Street, and numerous amenities such as McDonald's, Dollar General, and Price Rite Marketplace. Schenectady's thriving business environment, with over 16,500 businesses within a 10-mile radius and a growing population, further enhances the investment potential. This adaptable space is perfect for owner-users or investors seeking a high-return opportunity in a dynamic market. The building's strategic location and flexible zoning make it an attractive option for a variety of businesses seeking to establish a presence in this growing area. Property tours are available by appointment.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1940
    Total area 96,680 SF
    Lot 2.2 ac (95,832 SF)
    Zoning code 03 - MULTI-FAMILY
    APN 421500 49.58-2-13
    UPID US63-2248571
    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
    • Cardio Mag Imaging Inc Medical Clinic
    • Epergy LLC Green Energy Supplier
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.66M
    Owner & transaction history
    450 Duane Street LLC · 11 yrs held
    450 Duane Street LLC
    since 2015
    2 recorded transactions
    2025
    2015
    $7.0M
    Zoning & alternative use
    03 - MULTI-FAMILY · Schenectady, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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