Office and Warehouse
For Sale
$890,000
601 Columbia St Extension, Cohoes, NY 12047
COMMERCIAL - Cohoes, NY
Property Size7,500 SF
Lot Size3.00 Acres
Price / SF$118.67
Days on Market335
Property Features for 601 Columbia St Extension
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Parking
22
Directions
Route 9 to Columbia
Standard status
Active
APN
012689 19.2-1-45
Size
7,500 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Annual Amount
15813
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
loading dock
conference room
kitchen
Building Details
Building materials
Brick
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Added: Sep 16, 2025
Changed: Aug 4
Last Checked: Aug 16 at 6:06AM
MLS# 202526103
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 office and warehouse building on a 3-acre site includes a functional mix of professional office space and storage/warehouse areas. The front portion features professional offices along with a conference room and kitchen, while the back includes storage, workshop, and warehouse space. Building improvements include a shingle roof, masonry exterior, a loading dock, and three half baths. Existing office furnishing is included.
Located at 601 Columbia St Extension in Cohoes, the property is described as being just minutes from Exit 7 of I-87, as well as alternate Route 7 and I-787 routes, providing convenient access to the Capital District and beyond. The site offers abundant parking.
Zoned Commercial, the building’s configuration supports businesses that need both office space and operational/storage space under one roof.
Located at 601 Columbia St Extension in Cohoes, the property is described as being just minutes from Exit 7 of I-87, as well as alternate Route 7 and I-787 routes, providing convenient access to the Capital District and beyond. The site offers abundant parking.
Zoned Commercial, the building’s configuration supports businesses that need both office space and operational/storage space under one roof.
Key Highlights
- 3‑acre office and warehouse building with abundant on‑site parking
- Professional office space in front with conference room and kitchen
- Warehouse/storage areas in back include storage, workshop, and warehouse space
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
Office B
$1.65M
$1.45M – $1.93M
NOI $115,830 @ 7.0% cap · market cap 13.01%
Second Best
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,558 @ 7.0% cap · market cap 9.61%
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
Lease Details
Yes
Highway access
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Front professional offices and back storage, workshop, and warehouse space with a loading dock and abundant parking.
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: 3‑acre office and warehouse building with abundant on‑site parking; Professional office space in front with conference room and kitchen; Warehouse/storage areas in back include storage, workshop, and warehouse space
