Mixed-Use Space with Garage
For Sale
Contact for pricing
8 Nolan Road, Colonie, NY 12205
The suite offers a dedicated bathroom with a shower and separately metered utilities.
Property Size8,590 SF
Price / SF$0.55
Days on Market61
Property Features for 8 Nolan Road
General Information
Standard status
Active
Size
8,590 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Property Use
Mixed-Use
Amenities
large garage access door
dedicated bathroom with shower
separate utilities
Building Details
Year Built
1958
Listing Agency:
The Peoples Real Estate Group
(518) 951-5575
Listed By:
Ali D Khan · License #10401319004
(518) 365-0662
Source:
Simplywoodardrealestate
Added: Sep 6
Changed: Nov 4
Last Checked: Nov 4 at 8:57AM
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 The Peoples Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 8 Nolan Road, this 3,600-square-foot commercial unit has a large garage access door, a private bathroom with a shower, and separate utilities. The space is presented for a range of commercial uses, including warehouse, office, retail, fitness, manufacturing, or mixed-use occupancy.
The building was constructed in 1958 and recently received exterior and common-area painting, bathroom updates, and HVAC improvements. The parking area has new asphalt. Colonie Center Mall is across the street, and the property is close to the Northway.
The building was constructed in 1958 and recently received exterior and common-area painting, bathroom updates, and HVAC improvements. The parking area has new asphalt. Colonie Center Mall is across the street, and the property is close to the Northway.
Key Highlights
- 3,600‑square‑foot unit with a large garage access door
- Across the street from Colonie Center Mall; close to the Northway
- Separate utilities and a dedicated bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,244
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,024,880
$2.0M
Cap Rate 7%
$1,446,343
$1.4M
Cap Rate 9%
$1,124,933
$1.1M
Market Conditions
NOI Build-Up for 8,590 SF
Gross rent
$180.4K $21.00/SF
− Vacancy
−$18.4K −$2.14/SF
EGI
$162.0K $18.86/SF
− OpEx
−$60.7K −$7.07/SF
NOI
$101.2K $11.79/SF
Area
Albany, NY
Vacancy
10.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,024,880
Cap Rate 7%
$1,446,343
Cap Rate 9%
$1,124,933
Alternative Uses
Best Use
Warehouse
$1.47M
$1.29M – $1.72M
NOI $103,061 @ 7.0% cap · market cap 2,169.71%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,244 @ 7.0% cap · market cap 2,131.45%
Theoretical Best
Office A
$2.27M
$1.98M – $2.64M
NOI $158,640 @ 7.0% cap · market cap 3,339.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The suite offers a dedicated bathroom with a shower and separately metered utilities.
Where is this mixed-use property located?
The property is located at 8 Nolan Road Colonie, NY.
What are key features of this property?
This property features: 3,600‑square‑foot unit with a large garage access door; Across the street from Colonie Center Mall; close to the Northway; Separate utilities and a dedicated bathroom with shower
