Versatile Industrial Space Near
For Sale
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136 Fuller Rd, Albany, NY
60,000+ sqft industrial space with highway access and visibility.
Property Size64,312 SF
Lot Size15.68 Acres
Price / SF$269
Days on Market269
Property Features for 136 Fuller Rd
General Information
Standard status
Active
Size
64,312 SF
Lot size
15.68 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 136 Fuller Rd Contact us- Floor
- 1
- Size
- 64,312 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
136 Fuller Rd
- This property offers over 60,000 square feet of versatile industrial, manufacturing,...
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Listing Agency:
Standard Brokerage Company
(518) 857-0586
Listed By:
Tyler Culberson · License #10401200967
(518) 857-0586
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 9
Last Checked: Aug 20 at 8:05AM
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 Standard Brokerage Company
Investment Insights
Based on property information with market context.
This property features over 60,000 square feet of space suitable for industrial, manufacturing, or final mile distribution purposes. The space is divisible down to approximately 30,000 square feet, offering flexible leasing options. Immediate highway access to I-90 is available via Exit 2, providing excellent visibility from the ramp. Public transportation access is facilitated by CDTA on Fuller Road. The landlord offers the entire premises at $6.75 per square foot NNN or partial premises at $7.50 per square foot.
Key Highlights
- Over 60,000 sq ft of versatile industrial, manufacturing, or distribution space.
- Divisible down to approximately 30,000 sq ft.
- Immediate highway access to I‑90 via Exit 2.
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
$771,599
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
4.46%
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%
$15,431,980
$15.4M
Cap Rate 7%
$11,022,843
$11.0M
Cap Rate 9%
$8,573,322
$8.6M
Market Conditions
NOI Build-Up for 64,312 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
$964.7K $15.00/SF
− Vacancy
−$56.9K −$0.89/SF
EGI
$907.8K $14.11/SF
− OpEx
−$136.2K −$2.12/SF
NOI
$771.6K $12.00/SF
Area
Albany, NY
Vacancy
5.90%
Lease Rate
$15.00 /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%
$15,431,980
Cap Rate 7%
$11,022,843
Cap Rate 9%
$8,573,322
Alternative Uses
Best Use
Warehouse
$11.02M
$9.64M – $12.86M
NOI $771,599 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$9.71M
$8.50M – $11.33M
NOI $679,706 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$16.97M
$14.85M – $19.80M
NOI $1,187,714 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 60,000+ sqft industrial space with highway access and visibility.
Where is this manufacturing property located?
The property is located at 136 Fuller Rd Albany, NY.
What is the asking price?
The asking price for this property is $17,300,000.
What are key features of this property?
This property features: Over 60,000 sq ft of versatile industrial, manufacturing, or distribution space.; Divisible down to approximately 30,000 sq ft.; Immediate highway access to I‑90 via Exit 2.
