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    621 Columbia St Ext Cohoes, NY 12047
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    621 Columbia St Ext Cohoes, NY 12047

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    • Office Spaces
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    Cap Rate Potential
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    • Office Spaces

    Property Details for 621 Columbia St Ext

    Property type
    Office Spaces
    Property subtype
    Land

    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
      4.00 Acres

      621 Columbia St Ext

      Office Spaces • 4.00 Acres
      621 Columbia St Ext, 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
      $5,050,000
      46,420 SF

      Century Hl Dr

      OFFICE BUILDING • 46,420 SF
      Century Hl Dr, Cohoes, NY 12047
      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

    • New
      $690,000
      1.04 Acres

      Cohoes Mixed-Use Commercial Opportunity

      1.04 acre property with 1648 sq ft building.
      1221 Loudon Rd, Cohoes, NY 12047
      View Details
    • $2,400,000
      23,000 SF

      +/- 23,000 SF Office Building For Sale

      +/- 23,000 SF Office Building For Sale
      621 Columbia Street Ext, Cohoes, NY 12047
      View Details
    • $30,000

      Vacant Lot For Sale

      Vacant lot to be purchased with adjacent property.
      11 Sargent St, Cohoes, NY 12047
      View Details
    • $899,999
      20.36 Acres

      Colonie Land Opportunity

      20.36 acre lot in North Colonie School District.
      30 Landor Ln, Colonie, NY 12047
      View Details
    • $2,400,000
      4.00 Acres

      Prime Cohoes Office Building

      Four-acre lot, expansive office space.
      621 Columbia St Ext, Cohoes, NY 12047
      View Details
    • $329,000
      9,856 SF

      Versatile Warehouse with Retail/Office Space

      Warehouse with retail/office space in high-traffic area, flexible zoning.
      71 Columbia Street Ext, Cohoes, NY 12047
      View Details

    Similar Nearby for Lease

    • $1,295 /Mo
      18,860 SF

      Downtown Cohoes Office Space

      1400 SF office space with 6 suites available for rent.
      130 Remsen St, Cohoes, NY 12047
      View Details
    • Contact for pricing
      60,000 SF

      60,000 SF Mixed Use Space

      Mixed-use space for rent, near Exit 7 off the Northway.
      100 Coliseum Dr, Cohoes, NY 12047
      View Details
    • $1.00 SF/Yr

      Warehouse with Office Space Available

      Warehouse space with office, heated, tall ceilings, overhead door.
      75 Jackson Ave, Cohoes, NY 12047
      View Details
    • $995 /Mo
      18,860 SF

      Downtown Cohoes Office Space

      850 SF office space in historic Mason Lofts building.
      130 Remsen St, Cohoes, NY 12047
      View Details
    • Contact for pricing
      56,134 SF

      Outdoor Storage Yard for Rent

      Spacious outdoor storage yard with direct street access.
      192 Saratoga St, Cohoes, NY 12047
      View Details
    • $1,100 /Mo
      850 SF

      Downtown Retail Space Available

      Retail space in mixed-use building, Cohoes downtown business district.
      143-149 Remsen St, Cohoes, NY 12047
      View Details
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    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.

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