14 Commercial Ave Albany, NY 12205
- Warehouses
- 43,448 SF
- 2.10 lot acres
Current Use by Public Records
- Steam Plant and CHX Systems, Inc. / Engineering Consultant / Industrial Equipment Supplier
- Albany Medical Center - Purchasing Department / Hospital Department
- ETO Planet / Power Plant Equipment Supplier
- CHX Condensing Heat Exchanger / Machine Shop
- Steam Plant and CHX Systems / Electronics Store
Property Details for 14 Commercial Ave
- Year built
- 1960
- Lot size
- 2.10 lot acres
- Property size
- 43,448 SF
- Zone code
- 15
- Property type
- Warehouses
- APN
- 012689 53.5-4-21
- APU
- 12689535421
Description
This ±43,829 square foot industrial warehouse in Colonie, NY, offers a ±32,119 square foot space currently available for lease. The single-story building features a ceiling height ranging from 16 to 20 feet, providing ample vertical space. Loading capabilities include one 14-foot overhead grade-level door, one 8x8-foot loading dock, and a three-spot loading dock canopy with levelor. The property also boasts an in-place racking system with shelving, ideal for storage and organization. Additional features include 25 total parking spaces, one drive-in door, and a robust power supply of 208 amp/800 volt/3-phase power. The building benefits from recent upgrades, including a new roof (2011), an updated warehouse heater, LED lighting, a wet sprinkler system, and a security and fire alarm system. Dual feed fiber and BIG ASS™ fans further enhance the property's functionality and efficiency. The property is zoned industrial and has an APN of 53.5-4-21. This well-maintained, clean space presents a significant opportunity for businesses seeking efficient and modern warehouse facilities. The available space includes approximately 29,819 square feet of warehouse space and 2,300 square feet of office space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,205,000
- 6.5%
- $2,100,000
- 7%
- $2,370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,205,000
- Geo Method
- $2,185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,270,000
- Retail
- $2,090,000
- Mixed-Use
- $2,025,000
- Hospitality
- $2,095,000
- Educational
- $2,450,000
- Residential Income
- $2,335,000
- Energy
- $1,920,000
- Income-Based Land
- $2,045,000
- Food Service
- $2,215,000
Location Insight
- Map
- Local Demand
- City
- Colonie
- County
- Albany
- State
- New York
- Longitude
- -73.823
- Latitude
- 42.6972
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
