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    671 Mariaville Rd Schenectady, NY 12306
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    671 Mariaville Rd Schenectady, NY 12306

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    • Retail space
    • 5,837 SF
    For Sale
    $899,900
    View Listing →
    Mixed-Use Commercial Property For Sale For Sale
    $899,900
    5,837 SF

    Mixed-Use Commercial Property For Sale

    High-traffic location with diversified income potential in a growing corridor.

    671 Mariaville Road, Rotterdam, NY 12306
    View Listing
    Property ID
    US63-4174355
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wagon Train BBQ / Restaurant
    • DelGallo Country Pools / General Contractor
    • TAKE IT TO THE BANK Firearms, ammunition & more / Gun Shop

    Property Details for 671 Mariaville Rd

    Property size
    5,837 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional mixed-use property at 671 Mariaville Rd, Schenectady, NY 12306, presents a lucrative investment opportunity. Boasting a total of 5,837 square feet across two stories, this building is zoned for commercial use and offers a diverse range of spaces. The property includes two retail spaces ideally suited for a variety of businesses, capitalizing on the high visibility corner location at Mariaville Road and Burdeck Street. A second-floor office provides additional income potential, while a detached building currently serves as office/storage space, offering versatility and expansion possibilities. Furthermore, a restaurant space is included, adding to the property's income-generating potential. The property also features ample parking with 20 spaces, ensuring convenience for tenants and customers. The asking price for this strategically located, multi-faceted commercial property is $1,600,000. This is a rare opportunity to acquire a well-established, income-producing asset in a thriving Schenectady location. The property's diverse layout and high-traffic location make it an attractive investment for both seasoned and emerging investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -74.0055997
    Latitude
    42.7939882

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      Mixed-Use Commercial Property For Sale

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    Similar Nearby for Sale

    • $899,900
      5,837 SF

      Mixed-Use Commercial Property For Sale

      High-traffic location with diversified income potential in a growing corridor.
      671 Mariaville Rd, Rotterdam, NY 12306
      View Details
    • Contact for pricing
      86,479 SF

      Former Kmart Box for Sale

      86,479 SF space suitable for retail, office, or warehouse.
      93 W Campbell Rd, Schenectady, NY 12306
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    • $899,900
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      Mixed-Use Commercial Property For Sale

      High-traffic location with diversified income potential in Schenectady, NY.
      671 Mariaville Rd, Schenectady, NY 12306
      View Details
    • Contact for pricing
      13,225 SF

      Freestanding CVS Investment Property

      NNN leased CVS in Rotterdam, NY with 20 years remaining.
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      View Details
    • $299,000
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      Versatile Commercial/Mixed-Use Building

      Two-story, 4,450+/- SF commercial building with flexible layout.
      518 Hegeman St, Schenectady, NY 12306
      View Details
    • $299,000
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      Versatile Commercial/Mixed-Use Building For Sale

      Two-story, 4,450± SF commercial building suitable for various uses.
      518 Hegeman St, Schenectady, NY 12306
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
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      Versatile Mixed-Use Commercial Space

      7,000 sqft Rotterdam commercial space suitable for office or retail.
      2603 Guilderland Ave, Rotterdam, NY 12306
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    • $6,000 /Mo
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      Versatile Mixed-Use Commercial Space

      7,000 sqft commercial space suitable for office or retail.
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      Retail Space Ready for Design

      5,000 square feet of retail space available for rent.
      647 Mariaville Rd, Rotterdam, NY 12306
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    • $2.00 SF/Yr
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      Retail Space on Curry Road

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    View Listing
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    Schenectady, NY 12306
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    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
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