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    621 Columbia St Ext Cohoes, NY 12047

    • Office Properties & Spaces
    • 4.00 lot acres
    For Sale
    View listing
    $2,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 621 Columbia St Ext

    Lot size
    4.00 lot acres
    Property type
    Office Properties & Spaces

    Description

    This exceptional commercial property, located at 621 Columbia Street Ext Unit 621, Cohoes, NY, presents a unique investment opportunity. Situated on a substantial four-acre lot, the building offers significant potential for expansion or redevelopment. The property is classified as an office building, although the precise square footage is currently unavailable. The asking price for this substantial property is $2,400,000. Given the generous land area and the building's office designation, this location is ideal for a variety of commercial ventures. The ample space allows for flexibility in design and layout, catering to businesses requiring extensive office space or those seeking room for future growth. Its location in Cohoes, NY, offers access to a range of amenities and a strong local workforce. The property's size and location make it a compelling investment for businesses seeking a prominent presence in the area. Further details regarding the building's interior specifications and layout are available upon request. Serious inquiries are encouraged to explore the possibilities this remarkable property offers. This is a rare opportunity to acquire a significant commercial property in a desirable location. Don't miss out on this chance to secure a valuable asset with substantial growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cohoes
    County
    Albany
    State
    New York
    Longitude
    -73.749
    Latitude
    42.7636

    Comparable in this City

    • Value Estimation by Request

      621 Columbia St Ext

      Land
      621 Columbia St Ext, Cohoes, NY 12047
      View Details
    • Value Estimation
      $5,050,000
      46,420 SF

      Century Hl Dr

      OFFICE BUILDING • 46,420 SF
      Century Hl Dr, Cohoes, NY 12047
      View Details
    • Value Estimation
      $1,780,000
      29,884 SF

      1019 New Loudon Rd

      PROFESSIONAL BUILDING • 29,884 SF
      1019 New Loudon Rd, Cohoes, NY 12047-5003
      View Details
    • Value Estimation by Request
      25,580 SF

      514 Old Loudon Rd

      MEDICAL CLINIC • 25,580 SF
      514 Old Loudon Rd, Cohoes, NY 12047-4908
      View Details
    • Value Estimation by Request
      13,824 SF

      5 Brg Aver

      MEDICAL CLINIC • 13,824 SF
      5 Brg Aver, Cohoes, NY 12047-4720
      View Details
    • Value Estimation by Request
      8,270 SF

      421 Columbia St

      MEDICAL CLINIC • 8,270 SF
      421 Columbia St, Cohoes, NY 12047-2217
      View Details

    Similar Nearby for Sale

    • $2,400,000
      4.00 Acres

      Prime Cohoes Office Building

      Four-acre lot, expansive office space.
      621 Columbia St Ext, Cohoes, NY 12047
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    • $2,400,000
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      +/- 23,000 SF Office Building For Sale

      +/- 23,000 SF Office Building For Sale
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    • $399,000
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      Cohoes Commercial Building For Sale

      Well-maintained commercial building with warehouse, garage, and office space.
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      36,364 SF

      Cohoes Office Building For Sale

      Office building with suites and private parking in Cohoes.
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    • New
      $890,000
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      Cohoes Office and Warehouse Building

      Office and warehouse building on 3 acres with abundant parking.
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    • $399,900
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      Cohoes Commercial Property For Sale

      High-visibility location suitable for retail, office, or service-oriented businesses.
      1208 Loudon Rd, Cohoes, NY 12047
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo
      9,472 SF

      Mixed-Use Building with Retail Spaces

      Mixed-use building with retail and office space for lease.
      143-149 Remsen St, Cohoes, NY 12047
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    • $1,295 /Mo
      18,860 SF

      Downtown Cohoes Office Space Available

      1400 SF office space with 6 suites for rent.
      130 Remsen St, Cohoes, NY 12047
      View Details
    • $1,200 /Mo
      2,944 SF

      Cohoes Office and Retail Space

      Office and retail spaces available for lease in Cohoes.
      184 Remsen St, Cohoes, NY 12047
      View Details
    • $995 /Mo
      18,860 SF

      Downtown Cohoes Office Space Available

      850 SF office space in historic Mason Lofts building.
      130 Remsen St, Cohoes, NY 12047
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    • $1,800 /Mo
      3,536 SF

      Cohoes Commercial Space For Rent

      Commercial space available on highly traveled Columbia Street in Cohoes.
      148 Columbia Street Ext, Cohoes, NY 12047
      View Details
    • $1.00 SF/Yr
      4,000 SF

      Retail Space with Drive-Thru

      New construction retail space with drive-thru in highly populated area.
      70 Delaware Ave, Cohoes, NY 12047
      View Details
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    621 Columbia St Ext
    Cohoes, NY 12047
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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