Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    158 Cordell Rd Schenectady, NY 12303-2702
    Back to Search
    Property profile & analytics

    158 Cordell Rd Schenectady, NY 12303-2702

    View on Map
    • Truck terminals
    • 13,200 SF
    • 6.68 lot acres
    Off-Market
    Last Sale Apr 1, 2024
    $940,000
    Property ID
    US63-0233920
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J & J Truck and Trailer Repair / Auto Repair Shop

    Property Details for 158 Cordell Rd

    Year built
    1970
    Lot size
    6.68 lot acres
    Property size
    13,200 SF
    Zone code
    15
    Property type
    Truck terminals
    APN
    012689 16.1-1-52
    APU
    12689161152

    Description

    This exceptional 13,200 square foot warehouse in Colonie, NY, presents a unique investment opportunity. Located in a desirable industrial park with convenient access to I-890 and the NYS Thruway, this property boasts ample parking suitable for large trucks and trailers. The warehouse features overhead doors and approximately 200 square feet of office space. The flexible lease structure allows for a single tenant occupancy of the entire space, or division into two approximately 3,000 square foot units. Alternatively, the expansive parking lot can be leased separately for truck storage or parking. The property sits on a substantial 290,981 square foot lot and includes partial fencing and a large area designated for trailer staging. Note that the warehouse is unheated. This versatile property offers endless possibilities for businesses seeking a strategic location with excellent accessibility and ample space. The property is located in Albany County and is situated in the town of Colonie, NY. This is a truly exceptional opportunity for businesses seeking a flexible and strategically located warehouse space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Albany
    State
    New York
    Longitude
    -73.9034
    Latitude
    42.7547
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $191,380
    $193,620
    $385,000
    -
    $375,254
    $379,646
    $754,900

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      1939 Altamont Ave

      WASTE DISPOSAL, SEWAGE • 0.01 Acres
      1939 Altamont Ave, Schenectady, NY 12303-3817
      View Details
    • Value Estimation by Request
      3.20 Acres

      1431 Altamont Ave

      WASTE DISPOSAL, SEWAGE • 3.20 Acres
      1431 Altamont Ave, Schenectady, NY 12303-2904
      View Details
    • Value Estimation by Request
      6,000 SF

      747 Crane St

      WAREHOUSE, STORAGE • 6,000 SF
      747 Crane St, Schenectady, NY 12303
      View Details
    • Value Estimation
      $550,000
      20,460 SF

      819 Kings Rd

      COLD STORAGE • 20,460 SF
      819 Kings Rd, Schenectady, NY 12303-2627
      View Details
    • Value Estimation by Request
      10,704 SF

      2003 Chrisler Ave

      WAREHOUSE, STORAGE • 10,704 SF
      2003 Chrisler Ave, Schenectady, NY 12303-1519
      View Details
    • Value Estimation by Request
      11,944 SF

      2822 Curry Rd

      WAREHOUSE, STORAGE • 11,944 SF
      2822 Curry Rd, Schenectady, NY 12303-3463
      View Details

    Similar Nearby for Sale

    • $389,700
      8,688 SF

      Rotterdam Flex Space Opportunity

      8,600+ sq ft flex space near I-90.
      1125 Mitchell Rd, Rotterdam, NY 12303
      View Details
    • $595,000

      Flex Warehouse/Office Building For Sale

      Flex warehouse/office building with yard area for storage or staging.
      1105 Catalyn St, Schenectady, NY 12303
      View Details
    • $2,700,000
      7,164 SF

      Corner Lot Development Opportunity

      Highly visible corner lot ideal for retail or office development.
      1874 Altamont Ave, Rotterdam, NY 12303
      View Details
    • New
      $239,900
      2,048 SF

      Schenectady Triplex with Vacant Parcel

      Well-maintained Schenectady triplex with income potential and expansion possibilities.
      815 Davis Ter, Schenectady, NY 12303
      View Details
    • Contact for pricing
      6,546 SF

      Schenectady Church with Unique Potential

      6,500+ sq ft church with hall, kitchen, bowling alley.
      1140 Congress St, Schenectady, NY 12303
      View Details
    • $285,000
      2,100 SF

      Rotterdam Two-Family Home

      Two-family home in Rotterdam with immediate occupancy.
      1710 Norfolk Ave, Rotterdam, NY 12303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Mixed-Use Space For Rent

      Mixed-use property with high visibility and ample parking.
      2793 Hamburg St, Rotterdam, NY 12303
      View Details
    • $1,300 /Mo
      1,124 SF

      Renovated Rental Near Shopping

      Modern 400 sq ft rental near shopping and services.
      1221 Altamont Ave, Schenectady, NY 12303
      View Details
    • Contact for pricing
      2,442 SF

      Bank Branch or Redevelopment Opportunity

      Existing bank branch or redevelopment site in Rotterdam, NY.
      3083 Carman Rd, Rotterdam, NY 12303
      View Details
    • $1,450 /Mo
      1,124 SF

      Renovated Rental with Modern Updates

      Move-in ready 600 sq ft rental near shopping and services.
      1221 Altamont Ave, Schenectady, NY 12303
      View Details
    • $1,300 /Mo
      1,124 SF

      Renovated Rental with Modern Amenities

      Newly renovated 400 sq ft rental near shopping and services.
      1221 Altamont Ave, Schenectady, NY 12303
      View Details
    • $5,000 /Mo
      3,305 SF

      Turnkey Bar/Restaurant for Rent

      Turnkey bar/restaurant with full basement and DJ booth.
      869 Crane St, Schenectady, NY 12303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    158 Cordell Rd
    Schenectady, NY 12303-2702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    158 Cordell Rd, Schenectady, NY, 12303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!