Office and Warehouse
For Sale
$890,000
601 Columbia St Extension, Cohoes, NY 12047
Office and warehouse building with convenient access to major routes.
Property Size7,500 SF
Lot Size3.00 Acres
Price / SF$118.67
Days on Market336
Property Features for 601 Columbia St Extension
General Information
Standard status
Active
Size
7,500 SF
Lot size
3.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,812
Amenities
Central air
Central Air Cooling
Forced Air Heating
Natural Gas Heating
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES BLAKE
(518) 464-0870
Listed By:
KAREN ZALEWSKI-WILDZUNAS · License #10401299136
Source:
Corcoran
Added: Sep 18, 2025
Changed: Aug 17
Last Checked: Aug 18 at 4:57AM
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 BERKSHIRE HATHAWAY HOME SERVICES BLAKE
Investment Insights
Based on property information with market context.
This office and warehouse building is situated on a 3-acre site and features abundant parking. The property includes a mix of professional office space and warehouse/storage areas. The building features a shingle roof and masonry exterior, and includes a loading dock. The office area includes a conference room and kitchen. The rear of the building provides storage, workshop, and warehouse space. Existing office furnishings are included. The property is located minutes from exit 7 of I-87, alternate Rt. 7, and I-787 routes, providing convenient access to the Capital District and beyond. The building contains 3 half baths and has a total size of 7500 square feet. The property is suitable for a variety of business operations.
Key Highlights
- Excellent location with convenient access to I‑87, Rt. 7, and I‑787.
- Functional mix of professional office space and warehouse/storage areas.
- Abundant parking on a 3‑acre site.
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
$70,459
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
7.92%
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%
$1,409,180
$1.4M
Cap Rate 7%
$1,006,557
$1.0M
Cap Rate 9%
$782,878
$782.9K
Market Conditions
NOI Build-Up for 7,500 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
$108.0K $14.40/SF
− Vacancy
−$7.3K −$0.98/SF
EGI
$100.7K $13.42/SF
− OpEx
−$30.2K −$4.03/SF
NOI
$70.5K $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 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%
$1,409,180
Cap Rate 7%
$1,006,557
Cap Rate 9%
$782,878
Alternative Uses
Best Use
Industrial
$1.01M
$880.7K – $1.17M
NOI $70,459 @ 7.0% cap · market cap 7.92%
Second Best
Flex RnD
$992.4K
$868.4K – $1.16M
NOI $69,469 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,823 @ 7.0% cap · market cap 18.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse building with convenient access to major routes.
Where is this flex space located?
The property is located at 601 Columbia St Extension Cohoes, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Excellent location with convenient access to I‑87, Rt. 7, and I‑787.; Functional mix of professional office space and warehouse/storage areas.; Abundant parking on a 3‑acre site.
