8-Bay Flex
For Sale
$1,350,000
191 Columbia St, Hudson, NY 12534
Commercially zoned flex property with municipal utilities, vehicle parking, and adaptable space for multiple business uses.
Property Size7,200 SF
Lot Size4.12 Acres
Price / SF$187.50
Days on Market877
Property Features for 191 Columbia St
General Information
Standard status
Active
Size
7,200 SF
Lot size
4.12 Acres
Property subtype
General Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
8
Amenities
3
4.12-acres
Building Details
Year Built
1964
Buildings
1
Building Size
7,200 SF
Owner Occupied
No
Abandoned
No
Listing Agency:
Houlihan Lawrence Inc.
(518) 755-3296
Listed By:
Paul Barrett · License #10301216477
(518) 755-3296
Source:
Xome
Added: Apr 7, 2024
Changed: Aug 30
Last Checked: Aug 30 at 10:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houlihan Lawrence Inc.
Investment Insights
Based on property information with market context.
This 7,200-square-foot flex property occupies 4.12 acres and includes eight overhead garage bays. Constructed in 1964, the commercial building is currently occupied by a month-to-month tenant and offers a practical layout for warehouse, light manufacturing, showroom, office, medical, gym, or recreation applications as supported by the existing commercial zoning. Municipal water and sewer serve the site.
Access is provided from State Route 23B, also identified as Columbia Turnpike, with parking suitable for working or oversized construction vehicles. The property is positioned across from the Columbia County Highway garage and is located minutes from Hudson, New York. Additional land, including a 12-acre lake, is available.
Access is provided from State Route 23B, also identified as Columbia Turnpike, with parking suitable for working or oversized construction vehicles. The property is positioned across from the Columbia County Highway garage and is located minutes from Hudson, New York. Additional land, including a 12-acre lake, is available.
Key Highlights
- 4.12‑acre flex property with a 7,200 SF commercial building
- Eight overhead garage bays support warehouse and vehicle‑oriented operations
- Commercial zoning with municipal water and sewer service
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
$120,418
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
8.92%
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%
$2,408,360
$2.4M
Cap Rate 7%
$1,720,257
$1.7M
Cap Rate 9%
$1,337,978
$1.3M
Market Conditions
NOI Build-Up for 7,200 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
$158.1K $21.96/SF
− Vacancy
−$16.4K −$2.28/SF
EGI
$141.7K $19.68/SF
− OpEx
−$21.3K −$2.95/SF
NOI
$120.4K $16.72/SF
Area
Columbia County, NY
Vacancy
10.40%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
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%
$2,408,360
Cap Rate 7%
$1,720,257
Cap Rate 9%
$1,337,978
Alternative Uses
Best Use
Warehouse
$1.72M
$1.51M – $2.01M
NOI $120,418 @ 7.0% cap · market cap 8.92%
Second Best
Industrial
$1.42M
$1.24M – $1.65M
NOI $99,168 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,692 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12534, NY
17,539
Population
9,613
Households
1.8
Avg Household Size
46
Median Age
33%
College-Educated
88%
High-School Grad
88.6 sq mi
ZIP Area
198
Density / Sq Mi
$76,086
Median Household Income
$40,823
Median Earnings
$1,296
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex property with municipal utilities, vehicle parking, and adaptable space for multiple business uses.
Where is this flex space located?
The property is located at 191 Columbia St Hudson, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4.12‑acre flex property with a 7,200 SF commercial building; Eight overhead garage bays support warehouse and vehicle‑oriented operations; Commercial zoning with municipal water and sewer service
