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    1670 Columbia Turnpike Castleton, NY 12033

    View on Map
    For Sale
    $724,999

    COMMERCIAL - Other - Castleton, NY

    Property size:
    6,200 SF
    Lot size:
    1.05 Acres
    Added:
    Feb 24, 2025
    Days on Market:
    401
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 1670 Columbia Turnpike

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
    Parking
    19
    Parking features
    Off Street
    Security features
    Security System
    Interior features
    High Speed Internet, Elevator
    Exterior features
    Lighting
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Standard status
    Active
    APN
    384489 189.-3-2
    Size
    6,200 SF
    Lot size
    1.05 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Floors in Building
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Christian M Bertrand

    Listing agent Christian M Bertrand License #10301218097

    Listing office Howard Hanna Capital Inc 102 Van Rensselaer Sq Ste. L, Clifton Park, NY

    Listing date Feb 24, 2025

    MLS# 202512478

    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.

    Overview

    Castleton Office Space For Sale

    Located on Columbia Turnpike (Routes 9 & 20) in the Town of Schodack, adjacent to Exit 11 off of I-90, this commercial property offers 6,200 square feet of space on a 1.05-acre lot. The property is situated approximately 15 minutes from Downtown Albany. The interior includes office space, a large meeting room, a reception area, and a newly remodeled kitchen. It also features four bathrooms and ample parking. The property is zoned for commercial use. Note that the current occupant is tax exempt, so taxes will need to be verified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New York State ... Charitable Organization

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castleton
    County
    Rensselaer
    State
    New York
    Longitude
    -73.682207
    Latitude
    42.562863

    Nearby Similar for Sale

    • $675,000
      4,224 SF

      Multifamily Property in Castleton, NY

      Four-unit multifamily property with immediate cash flow and recent renovations.
      982 S Schodack Road, Castleton, NY 12033
      View Details
    • $1,730,000
      30,192 SF

      Versatile Industrial Facility Near Amazon

      30,000+ sqft building on 9.06 acres near distribution center.
      1688 US-9, Castleton, NY 12033
      View Details

    FAQs

    What type of property is this?
    Office units - Office space on Columbia Turnpike, 15 minutes from Albany.
    Where is this office units located?
    The property is located at 1670 Columbia Turnpike Castleton, NY.
    What is the asking price?
    The asking price for this property is $724,999.
    What are key features of this property?
    This property features: Convenient location: adjacent to Exit 11 off I‑90, 15 minutes from Downtown Albany.; Ample office space with **large meeting room and reception area**.; Newly remodeled kitchen.
    (518) 763-2880
    We can help!
    Listing Contact
    Christian M Bertrand
    Real Estate License ID: 10301218097
    Learn More
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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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