Retail and Restaurant
For Sale
$1,895,000
Pending
240-242 Wolf Road, Colonie, NY 12205
COMMERCIAL - Colonie, NY
Property Size7,700 SF
Lot Size1.40 Acres
Days on Market322
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
Lot features
Private, Road Frontage, Level, Cleared
High school
Colonie Central HS
Elementary school district
South Colonie
Middle school district
South Colonie
High school district
South Colonie
Directions
on Wolf Rd. at exit 4 off I-87 (The Northway). Easy access to major highways and The Albany International Airport, just a short driveway. Nearby hotels: Crown Plaza, Desmond Hotel & Albany Marriott make it convenient for out of town clients & visitors.
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
Amenities
2 loading docks
large deck
Building Details
Year built
1975
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Metal Siding, Steel Beam
Roof type
Shingle, Metal
Listing Agency:
Howard Hanna Capital Inc
(518) 489-1000
Listed By:
Charles Curto · License #10301206236
(518) 669-4356
Added: Sep 28, 2025
Changed: Aug 4
Last Checked: Aug 15 at 9:06PM
MLS# 202526771
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.
Investment Insights
Based on property information with market context.
This for-sale commercial complex consists of two buildings on a single deed totaling approximately 1.4 acres. The property includes a 5,500 SF retail space with two loading docks, plus a 2,200 SF long-term restaurant/bar featuring a large deck.
The buildings are located on busy Wolf Road in Colonie, NY, with reported 26,000+ cars per day and surrounding national restaurants, retail, and hotels. Ample parking for 60+ cars supports customer and employee access, and the listing notes convenient access to major highways and Albany International Airport.
The configuration provides both retail and food-and-beverage space in one site, with on-site parking and dedicated loading capacity tied to the retail component.
The buildings are located on busy Wolf Road in Colonie, NY, with reported 26,000+ cars per day and surrounding national restaurants, retail, and hotels. Ample parking for 60+ cars supports customer and employee access, and the listing notes convenient access to major highways and Albany International Airport.
The configuration provides both retail and food-and-beverage space in one site, with on-site parking and dedicated loading capacity tied to the retail component.
Key Highlights
- Two buildings on a single deed on 1.4 acres in Albany’s retail hub
- 5,500 SF retail space with 2 loading docks
- 2,200 SF long‑term restaurant/bar with a large deck
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
$106,684
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
5.63%
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%
$2,133,680
$2.1M
Cap Rate 7%
$1,524,057
$1.5M
Cap Rate 9%
$1,185,378
$1.2M
Market Conditions
NOI Build-Up for 7,700 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
$152.5K $19.80/SF
− Vacancy
−$10.2K −$1.33/SF
EGI
$142.2K $18.47/SF
− OpEx
−$35.6K −$4.62/SF
NOI
$106.7K $13.86/SF
Area
Albany, NY
Vacancy
6.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$2,133,680
Cap Rate 7%
$1,524,057
Cap Rate 9%
$1,185,378
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,684 @ 7.0% cap · market cap 5.63%
Second Best
Retail
$1.33M
$1.16M – $1.55M
NOI $93,036 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,204 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
602k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 28%
Dining 26%
Superstores 20%
Shops & Services 15%
Target
Superstores
120,510 visits/mo
0.4 miles
Macy's
Apparel
85,862 visits/mo
0.3 miles
The Cheesecake Factory
Dining
60,231 visits/mo
0.2 miles
Marshalls
Apparel
46,965 visits/mo
0.3 miles
Jo-Ann Fabric and Craft
Shops & Services
32,249 visits/mo
0.4 miles
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MOSU — 111 Wolf Rd Suite 1, Albany, NY 12205
- Karma Bar Lounge Banquet — 200 Wolf Rd, Albany, NY 12205
- Ruth's Chris Steak House — 1 Metro Park Rd, Albany, NY 12205
- 99 Restaurants — 107 Wolf Rd, Colonie, NY 12205
- Olive Garden Italian Restaurant — 178 Wolf Rd, Colonie, NY 12205
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two-building complex on Wolf Road includes retail space with two loading docks and a long-term restaurant/bar with a large deck.
Where is this bar & pub located?
The property is located at 240-242 Wolf Road Colonie, NY.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Two buildings on a single deed on 1.4 acres in Albany’s retail hub; 5,500 SF retail space with 2 loading docks; 2,200 SF long‑term restaurant/bar with a large deck
