Property profile

14 Commercial Ave Colonie, NY 12205

OFF-MARKET
Warehouses
Property ID
US63-3813153
43,448 SF 2.1 ac lot Built 1960
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1960
Total area 43,448 SF
Lot 2.1 ac (91,476 SF)
Zoning code 15
APN 012689 53.5-4-21
UPID US63-3813153

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Power Plant Equipment Supplier Electrical Engineer
  • Hospital
  • Power Plant Equipment Supplier
  • Industrial Manufacturer
  • Electronics & Wireless Store

Location

14 Commercial Ave Colonie, NY 12205-5704
Colonie metro Census 14001 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.93M
Blend (final) Blend
$1.85M

Owner & transaction history

since 2020
Last sale
$2.3M
4 recorded transactions
2020
$2.3M
2020
Price N/A
2019
Price N/A
2015
$2.3M

Zoning & alternative use

15 · Colonie, NY
Top alternative use upside
Commercial (general) $3.4M +53.7%
Office building $3.1M +40.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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