Property profile

150 Broadway Menands, NY 12204

FOR LEASE
Warehouses
Property ID
US63-1026252
19,274 SF 24.8 ac lot Built 1955
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional sublease opportunity presents ±6,126 square feet of warehouse space within a larger, ±977,000 square foot mixed-use building located at 150 Broadway in Menands, New York. The property is zoned BBD and situated in Albany County, offering convenient access via Broadway. The building boasts ample parking with 2,000 spaces available for tenants and their visitors. This single-tenant industrial space is ideal for businesses seeking a well-located, functional warehouse solution. The sublease term commences in July 2024 and extends through July 31st, 2026, providing a solid timeframe for occupancy. The property's location in Menands, NY, offers easy access to major transportation routes, making it a strategic choice for distribution and logistics operations. With its substantial size and convenient amenities, this warehouse space presents a compelling opportunity for businesses seeking to establish or expand their operations in the Albany County area. The building's overall size of approximately 977,000 square feet indicates a substantial and well-established presence in the Menands commercial landscape. The availability of this ±6,126 square foot space represents a unique chance to secure a portion of this prime industrial real estate. The zip code for this property is 12204.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1955
Total area 19,274 SF
Lot 24.8 ac (1,080,288 SF)
Zoning code 84
APN 012603 55.13-1-3
UPID US63-1026252

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
  • Registered General Nurse
  • Construction Company General Contractor
  • State Government Office
  • Charitable Organization Social Service Agency
  • Atm

Location

150 Broadway Menands, NY 12204
Menands metro Census 13602 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$1.40M

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
$1.2M
2022
$5.1M
2022
$2.0M
2022
$1.0M
2022
$1.0M
2021
$19.0M

Zoning & alternative use

84 · Menands, NY
Top alternative use upside
Auto repair, garage $2.1M +113.4%
Commercial (general) $1.5M +53.7%
Office building $1.4M +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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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