Flex Space with
For Sale
Contact for pricing
86 Railroad Avenue, Albany, NY 12205
Two-building flex property offering warehouse functionality, office and showroom space, loading access, and outdoor storage capacity.
Property Size33,869 SF
Days on Market138
Property Features for 86 Railroad Avenue
General Information
Standard status
Active
Size
33,869 SF
Property subtype
Industrial
Lease Term
MG
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
33,869 SF
Year Built
1950
Buildings
2
Properties For Sale
at 86 Railroad Avenue
86 Railroad Ave
Size
33,869 SF
Term
Negotiable
Listing Agency:
IKON Realty Group
Listed By:
Bruce Ginsburg
(518) 573-5853
Source:
Ikonrealtygroup
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 16 at 7:06AM
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 IKON Realty 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.
This flex property comprises two buildings totaling approximately 33,869 SF, with warehouse and industrial areas complemented by a small office and showroom component. Drive-in access, an on-site loading dock, and yard space support storage, vehicle movement, and day-to-day operations. Built in 1950, the property offers a functional configuration for contractors, distributors, and service providers.
The site is positioned on Railroad Avenue at Fuller Road, with highway access available from the surrounding area. Outdoor space adds operational flexibility beyond the enclosed building area, while the combination of warehouse, office, showroom, loading, and yard components accommodates a range of commercial functions.
The site is positioned on Railroad Avenue at Fuller Road, with highway access available from the surrounding area. Outdoor space adds operational flexibility beyond the enclosed building area, while the combination of warehouse, office, showroom, loading, and yard components accommodates a range of commercial functions.
Key Highlights
- Approximately 33,869 SF across two buildings
- Warehouse and industrial areas with small office/showroom space
- Drive‑in access and on‑site loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$357,957
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,159,140
$7.2M
Cap Rate 7%
$5,113,671
$5.1M
Cap Rate 9%
$3,977,300
$4.0M
Market Conditions
NOI Build-Up for 33,869 SF
Gross rent
$548.7K $16.20/SF
− Vacancy
−$37.3K −$1.10/SF
EGI
$511.4K $15.10/SF
− OpEx
−$153.4K −$4.53/SF
NOI
$358.0K $10.57/SF
Area
Albany, NY
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,159,140
Cap Rate 7%
$5,113,671
Cap Rate 9%
$3,977,300
Alternative Uses
Best Use
Warehouse
$5.81M
$5.08M – $6.77M
NOI $406,352 @ 7.0% cap · market cap 6,772,533.33%
Second Best
Flex RnD
$5.32M
$4.65M – $6.20M
NOI $372,214 @ 7.0% cap · market cap 6,203,566.67%
Theoretical Best
Office A
$8.94M
$7.82M – $10.42M
NOI $625,493 @ 7.0% cap · market cap 10,424,883.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Well-served
Demand for This Use
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
Similar Off Market Nearby
- Big Kahoona Picnic Co — 2 Petra Ln, Colonie, NY 12205
- Heat N Salt Catering — 251 New Karner Rd, Albany, NY 12205
- Moe's Southwest Grill — 1770 Central Ave, Colonie, NY 12205
Frequently Asked Questions
What type of property is this?
Flex space - Two-building flex property offering warehouse functionality, office and showroom space, loading access, and outdoor storage capacity.
Where is this flex space located?
The property is located at 86 Railroad Avenue Albany, NY.
What are key features of this property?
This property features: Approximately 33,869 SF across two buildings; Warehouse and industrial areas with small office/showroom space; Drive‑in access and on‑site loading dock
