240-242 Wolf Road, Colonie, NY 12205
- Added:
- Sep 28, 2025
- Days on Market:
- 276
- Last Refresh:
- Jun 30 at 10:06 am
Property Features for 240-242 Wolf Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Parking
- 60
- Parking features
- Off Street
- Patio and Porch features
- Patio
- Exterior features
- Lighting
- Standard status
- Pending
- APN
- 012689 30.4-1-10
- Size
- 7,700 SF
- Lot size
- 1.40 Acres
Taxes and HOA fees
- Tax Annual Amount
- 30864
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Flooring type
- Concrete, Tile
- Building materials
- Metal Siding, Steel Beam
- Roof type
- Shingle, Metal
Listing agent Charles Curto License #10301206236 (518) 669-4356
Listing office Howard Hanna Capital Inc 20 Aviation Road, Clifton Park, NY (518) 489-1000
Listing date Sep 28, 2025
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.
HighLights
- Two buildings on a single deed totaling 1.4 acres in Albany’s retail hub area
- 5,500 SF retail space with 2 loading docks
- 2,200 SF long‑term restaurant/bar with a large deck
- Ample off‑street parking for 60+ cars
- Located on busy Wolf Road with 26,000+ cars per day
- Utilities/services: public water and public sewer; forced air natural gas heat with central air
Overview
The property is located on busy Wolf Road in Colonie, NY, with 26,000+ cars per day. It is surrounded by national restaurants, retail, and hotels, and the site provides ample parking for 60+ cars. Access to major highways and Albany International Airport is described as convenient.
For buyers and operators, the combination of retail and restaurant/bar uses within one site can support flexible tenanting strategies, while the two loading docks can help accommodate deliveries for the retail component. The on-site parking and direct presence on Wolf Road are practical considerations for customer traffic and everyday operations for a mixed-use commercial investment.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.5k | $19.80 |
| − Vacancy | −$10.2k | −$1.33 |
| EGI | $142.2k | $18.47 |
| − OpEx | −$35.6k | −$4.62 |
| NOI | $106.7k | $13.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colonie
- County
- Albany
- State
- New York
- Longitude
- -73.797233
- Latitude
- 42.72642
