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    OFF-MARKET
    Truck terminals

    158 Cordell Rd, Schenectady, NY 12303-2702

    13,200 SF 6.68 ac lot Built 1970
    Entity Owned 20-yr Hold Free & Clear
    Property ID
    US63-0233920
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Truck terminals
    Use group TRUCK TERMINAL (MOTOR FREIGHT)
    Year built 1970
    Total area 13,200 SF
    Lot 6.68 ac (290,981 SF)
    Zoning code 15
    APN 012689 16.1-1-52
    UPID US63-0233920
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • J & J Truck and Trailer Repair Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mjm Holdings LLC · 20 yrs held
    Mjm Holdings LLC
    since 2005
    Last sale
    $940,000
    1 recorded transaction
    2005
    $550,000
    Zoning & alternative use
    15 · Schenectady, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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