240-242 Wolf Road Colonie, NY 12205
COMMERCIAL - Colonie, NY
- Added:
- Sep 28, 2025
- Days on Market:
- 288
- Last Refresh:
- Jul 12 at 10:06 pm
Property Features for 240-242 Wolf Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Parking
- 60
- Parking features
- Off Street
- Patio and Porch features
- Patio
- Exterior features
- Lighting
- Standard status
- Pending
- APN
- 012689 30.4-1-10
- Size
- 7,700 SF
- Lot size
- 1.40 Acres
Taxes and HOA fees
- Tax Annual Amount
- 30864
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Flooring type
- Concrete, Tile
- Building materials
- Metal Siding, Steel Beam
- Roof type
- Shingle, Metal
Listing agent Charles Curto License #10301206236 (518) 669-4356
Listing office Howard Hanna Capital Inc 20 Aviation Road, Clifton Park, NY (518) 489-1000
Listing date Sep 28, 2025
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.
Investment Insights
Based on property information with market context.
The property is located on busy Wolf Road in Colonie, NY, with 26,000+ cars per day. It is surrounded by national restaurants, retail, and hotels, and the site provides ample parking for 60+ cars. Access to major highways and Albany International Airport is described as convenient.
For buyers and operators, the combination of retail and restaurant/bar uses within one site can support flexible tenanting strategies, while the two loading docks can help accommodate deliveries for the retail component. The on-site parking and direct presence on Wolf Road are practical considerations for customer traffic and everyday operations for a mixed-use commercial investment.
Key Highlights
- Two buildings on a single deed totaling 1.4 acres in Albany’s retail hub area
- 5,500 SF retail space with 2 loading docks
- 2,200 SF long‑term restaurant/bar with a large deck
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.5k | $19.80 |
| − Vacancy | −$10.2k | −$1.33 |
| EGI | $142.2k | $18.47 |
| − OpEx | −$35.6k | −$4.62 |
| NOI | $106.7k | $13.86 |
