Office and Warehouse
601 Columbia Street Ext, Cohoes, NY
For Sale
$890,000
Office and warehouse with convenient access to major routes.
Property Size7,500 SF
Lot Size3.00 Acres
Price / SF$118.67
Days on Market249
Property Features for 601 Columbia Street Ext
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Mar 7
Changed: Nov 9
Last Checked: Nov 8 at 2:12AM
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 Pyramidbrokerage
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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 office and warehouse building is situated on a 3-acre site, offering ample parking. The property features a combination of professional office space and warehouse/storage areas, suitable for various business operations. The building includes a shingle roof and masonry exterior. It is located minutes from exit 7 of I-87, alternate Rt. 7, and I-787, providing access to the Capital District. The property has a loading dock and three half baths. The front area contains professional offices with a conference room and kitchen. The back area provides storage, workshop, and warehouse space. Existing office furnishings are included. The property size is 7500 square feet.
Key Highlights
- Excellent location near I‑87, Rt. 7, and I‑787.
- Functional mix of office and warehouse space.
- Abundant parking on a 3‑acre site.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,459
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
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
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 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 $163,823 @ 7.0% cap · market cap 18.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Office and warehouse with convenient access to major routes.
Where is this flex space located?
The property is located at 601 Columbia Street Ext 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 near I‑87, Rt. 7, and I‑787.; Functional mix of office and warehouse space.; Abundant parking on a 3‑acre site.
