Flex Space with Fenced
5 New Cortland Street, Cohoes, NY 12047
For Sale
Contact for pricing
A freestanding facility combines warehouse capacity with recently added office space and fenced outdoor storage.
Property Size14,460 SF
Price / SF$121.02
Days on Market27
Property Features for 5 New Cortland Street
General Information
Standard status
Size
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Additional Details
Property Use
Building Details
Buildings
Building Size
Listing Agency:
CBRE - Albany
Listed By:
Tom Savino · License NY 30SA0815314
(518) 281-4497
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 2:45PM
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 CBRE - Albany
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding flex property contains approximately 14,460 square feet, configured as warehouse and office space. The office area is new, and multiple overhead doors serve the building. Fenced outdoor storage is also part of the facility.
Key Highlights
- Approximately 14,460 SF of warehouse and office space
- New office area
- Multiple overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,845
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,716,900
$2.7M
Cap Rate 7%
$1,940,643
$1.9M
Cap Rate 9%
$1,509,389
$1.5M
Market Conditions
NOI Build-Up for 14,460 SF
Gross rent
$208.2K $14.40/SF
− Vacancy
−$14.2K −$0.98/SF
EGI
$194.1K $13.42/SF
− OpEx
−$58.2K −$4.03/SF
NOI
$135.8K $9.39/SF
Area
Albany County, NY
Vacancy
6.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,716,900
Cap Rate 7%
$1,940,643
Cap Rate 9%
$1,509,389
Alternative Uses
Best Use
Warehouse
$2.36M
$2.06M – $2.75M
NOI $164,955 @ 7.0% cap · market cap 9.43%
Second Best
Industrial
$1.94M
$1.70M – $2.26M
NOI $135,845 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$4.51M
$3.95M – $5.26M
NOI $315,851 @ 7.0% cap · market cap 18.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Albany County, NY
Properties on Market for Flex space in Albany County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A freestanding facility combines warehouse capacity with recently added office space and fenced outdoor storage.
Where is this flex space located?
The property is located at 5 New Cortland Street Cohoes, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 14,460 SF of warehouse and office space; New office area; Multiple overhead doors
