Mixed-Use Office and
For Sale
$890,000
601 Columbia St Extension, Cohoes, NY 12047
Commercial Sale, Cohoes, NY
Property Size7,500 SF
Lot Size3.00 Acres
Price / SF$118.67
Days on Market368
Property Features for 601 Columbia St Extension
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Parking
22
Directions
Route 9 to Columbia
Standard status
Active
APN
012689 19.2-1-45
Size
7,500 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Annual Amount
15813
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
loading dock
conference room
kitchen
Building Details
Building materials
Brick
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Added: Sep 16, 2025
Changed: Sep 12
Last Checked: Sep 18 at 10:06AM
MLS# 202526103
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.
This 7,500-square-foot mixed-use building combines professional office space with warehouse, workshop, and storage areas. The front portion includes offices, a conference room, kitchen, and existing office furnishings, while the rear supports warehouse and related work functions. A loading dock, shingle roof, brick exterior, central air, forced-air heating, public water, and public sewer add to the property’s functional profile. Three half baths serve the building.
The property occupies 3 acres and includes abundant parking. Access is convenient to Exit 7 of I-87, alternate Rt. 7, and I-787, connecting the site with the Capital District and surrounding areas. Commercial zoning supports the property’s established office and warehouse configuration.
The property occupies 3 acres and includes abundant parking. Access is convenient to Exit 7 of I-87, alternate Rt. 7, and I-787, connecting the site with the Capital District and surrounding areas. Commercial zoning supports the property’s established office and warehouse configuration.
Key Highlights
- 7,500‑square‑foot mixed‑use office and warehouse building
- 3‑acre site with abundant parking
- Professional offices with conference room, kitchen, and existing furnishings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,250
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,000
$1.5M
Cap Rate 7%
$1,060,714
$1.1M
Cap Rate 9%
$825,000
$825.0K
Market Conditions
NOI Build-Up for 7,500 SF
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.
Gross rent
$135.0K $18.00/SF
− Vacancy
−$16.2K −$2.16/SF
EGI
$118.8K $15.84/SF
− OpEx
−$44.6K −$5.94/SF
NOI
$74.3K $9.90/SF
Area
Albany County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,000
Cap Rate 7%
$1,060,714
Cap Rate 9%
$825,000
Alternative Uses
Best Use
Office B
$1.65M
$1.45M – $1.93M
NOI $115,830 @ 7.0% cap · market cap 13.01%
Second Best
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,558 @ 7.0% cap · market cap 9.61%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,823 @ 7.0% cap · market cap 18.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines front-office functionality with rear warehouse, workshop, and storage areas.
Where is this mixed-use property located?
The property is located at 601 Columbia St Extension Cohoes, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 7,500‑square‑foot mixed‑use office and warehouse building; 3‑acre site with abundant parking; Professional offices with conference room, kitchen, and existing furnishings
