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    Turn-Key Collision Shop Bays Title is generated by Realmo AI

    2127 Central Avenue, Colonie, NY 12304

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    For Lease
    $4,000/Mo $20 SF/Yr (calc)

    Commercial - Colonie, NY

    Property size:
    2,400 SF
    Lot size:
    0.34 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 2127 Central Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Garage, Garage - Attached
    Standard status
    Active
    APN
    012689 16.2-2-30
    Size
    2,400 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3000

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1957
    Year renovated
    1957
    Floors in Building
    1
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Colleen Traficante

    Listing agent Colleen Traficante

    Listing office Miranda Real Estate Group Inc 1482 Rt 9, Clifton Park, NY

    Listing date Jun 4, 2026

    MLS# 11801589 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3+ bay attached garage with parking
    • Body/collision shop for rent setup includes a spray booth
    • Sherwin Williams paint system included
    • Includes shop equipment such as lifts, framing machine, and compressor
    • Forced‑air heating and asphalt roof
    • Built in 1957

    Overview

    This turn-key body and collision shop is built for day-one production, featuring a 3+ bay garage layout and a spray booth. The property includes an installed Sherwin Williams paint system along with essential shop equipment such as lifts, a framing machine, and a compressor, supporting vehicle repair and refinishing workflows.

    Located at 2127 Central Avenue in Colonie, NY, the site offers plenty of parking for customers and employees. The configuration is designed to accommodate shop operations with straightforward access for showings.

    For prospective tenants, the enclosed bay and spray booth setup makes the space particularly well-suited for an existing or new body shop looking to avoid sourcing major equipment upfront. The included paint system and repair tools help streamline the move-in process and keep shop activities focused on collision repair and refinishing. Easy to show and ready to operate as presented, this offering supports a practical, turn-key transition into a working automotive facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • JD Tire — 2040 Central Ave, Albany, NY 12205
    • Adirondack Tire & Service — 2015 Central Ave, Colonie, NY 12205
    • Adirondack Tire & Service — 198 Morris Rd, Schenectady, NY 12303
    • Byrider Albany — 2017 Central Ave, Albany, NY 12205
    • DeNooyer Collision Center — 2041 Central Ave, Albany, NY 12205

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.875176
    Latitude
    42.75545

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    FAQs

    What type of property is this?
    Auto shop - Turn-key body and collision shop offering multiple garage bays and a spray booth for immediate operations.
    Where is this auto shop located?
    The property is located at 2127 Central Avenue Colonie, NY.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: 3+ bay attached garage with parking; Body/collision shop for rent setup includes a spray booth; Sherwin Williams paint system included
    (518) 669-0125
    We can help!
    Listing Contact
    Colleen Traficante
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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