Flex Space with Two-Bay
For Sale
$199,000
Pending
178 Columbia Turnpike, Rensselaer, NY 12144
Commercial Sale, Rensselaer, NY
Property Size1,480 SF
Lot Size0.15 Acres
Days on Market115
Property Features for 178 Columbia Turnpike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
11
High school
Columbia
Elementary school district
East Greenbush
Middle school district
East Greenbush
High school district
East Greenbush
Directions
Intersection of Columbia Turnpike & Sherwood Ave
Standard status
Pending
APN
382400 155.13-21-15
Size
1,480 SF
Lot size
0.15 Acres
Additional Details
Real Estate Included
Yes
Automotive Uses
auto repair, dealership/vehicle sales, detailing, tire service
Taxes and HOA fees
Tax Annual Amount
4568
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
two grade-level overhead doors
electric heat
public water and sewer
Building Details
Year built
1960
Building materials
Block, Vinyl Siding
Architectural style
Other
Buildings
1
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Joseph P Cardinale · License #10401290174
(518) 755-2064
Added: Jul 8
Changed: Oct 27
Last Checked: Oct 30 at 10:06PM
MLS# 202621219
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,480-square-foot flex property combines office space with a two-bay service garage and a separate storage area. The building has block and vinyl siding, two grade-level overhead doors, electric heat, and parking for up to 11 vehicles. Public water and sewer serve the property, which was built in 1960 and is zoned Commercial.
Located at 178 Columbia Turnpike, the site measures 0.15 acres and has approximately 14,502 vehicles passing daily (AADT).
Located at 178 Columbia Turnpike, the site measures 0.15 acres and has approximately 14,502 vehicles passing daily (AADT).
Key Highlights
- 1,480 square feet on a 0.15‑acre lot
- Two‑bay service garage with two grade‑level overhead doors
- Parking for up to 11 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,931
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,620
$318.6K
Cap Rate 7%
$227,586
$227.6K
Cap Rate 9%
$177,011
$177.0K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$26.6K $18.00/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$24.5K $16.56/SF
− OpEx
−$8.6K −$5.80/SF
NOI
$15.9K $10.76/SF
Area
Rensselaer County, NY
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,620
Cap Rate 7%
$227,586
Cap Rate 9%
$177,011
Alternative Uses
Best Use
Retail
$268.8K
$235.2K – $313.6K
NOI $18,818 @ 7.0% cap · market cap 9.46%
Second Best
Flex RnD
$227.6K
$199.1K – $265.5K
NOI $15,931 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$370.0K
$323.7K – $431.6K
NOI $25,898 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
2
Service bays
14,502 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12144, NY
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Office space and a service garage support a range of commercial operations.
Where is this flex space located?
The property is located at 178 Columbia Turnpike Rensselaer, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,480 square feet on a 0.15‑acre lot; Two‑bay service garage with two grade‑level overhead doors; Parking for up to 11 vehicles
