Commercial Property on
For Sale
$210,000
Pending
603 Broadway, Colonie, NY 12205
Commercial property for sale at 603 Broadway, Colonie, NY.
Property Size576 SF
Lot Size0.02 Acres
Days on Market317
Property Features for 603 Broadway
General Information
Standard status
Pending
Size
576 SF
Lot size
0.02 Acres
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
VENTURE FOX REALTY GROUP LLC
(518) 290-1070
Listed By:
LAURA LOUIE
Source:
Corcoran
Added: Sep 17, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:33AM
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 VENTURE FOX REALTY GROUP LLC
Investment Insights
Based on property information with market context.
Located at 603 Broadway in Colonie, NY, this commercial property offers 576 square feet of space. The property is accessible from 787 South, Exit 7W to Watervliet, with a right turn onto Broadway. The building is located on the right-hand side of the street. The property is suitable for storefront, retail, and general commercial real estate purposes.
Key Highlights
- Located at 603 Broadway.
- Convenient access via 787 South Exit 7W to Watervliet.
- Built in 1950.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.7k | $18.60 |
| − Vacancy | −$771 | −$1.34 |
| EGI | $9.9k | $17.26 |
| − OpEx | −$3.0k | −$5.18 |
| NOI | $7.0k | $12.08 |
576 SF · lease $18.60/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$99.4K
$87.0K – $116.0K
NOI $6,960 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$152.0K
$133.0K – $177.3K
NOI $10,638 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 29%
Burger King
Dining
13,770 visits/mo
0.1 miles
Sunoco
Shops & Services
4,088 visits/mo
0.2 miles
Citgo
Shops & Services
1,555 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property for sale at 603 Broadway, Colonie, NY.
Where is this storefront property located?
The property is located at 603 Broadway Colonie, NY.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Located at **603 Broadway**.; Convenient access via **787 South Exit 7W to Watervliet**.; Built in 1950.
