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Financial
Distress signals
Property profile

16 Commercial Ave Colonie, NY 12205

FOR LEASE
Warehouses
Property ID
US63-2649644
75,220 SF 3.63 ac lot Built 1962
Last sale Aug 2005 · $1,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
16 Commercial Ave, Colonie, NY 12205 For Lease 1 / 3
$7.95 SF/Yr 57,220 SF available
16 Commercial Ave, Colonie, NY 12205
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.55M
Assessed land$231k
Assessed improvement$1.32M

Value estimate

· Oct 2026
$1.27M
$1.14M – $1.40M
Submarket $/SF estimate$1.00M
NOI build-up
Gross scheduled income$927k
Vacancy & credit loss−$63k
Operating expenses−$259k
NOI · 7,606,930.82% cap applied$605k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$51/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$29 – $71

Cap rate analysis

How does the asset earn?
7,606,930.82%
$605k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
15
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency20.7
Law Firm12.9
Dental Office11.0

Location

16 Commercial Ave Colonie, NY 12205
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
19 Warehouse, Albany, NY 12205-5756 $5,170,000 Aug 2024 64,908 SF
12 Access, Albany, NY 12205-4744 $2,100,000 Apr 2024 23,150 SF
5 Interstate, Albany, NY 12205-5308 $691,391 Sep 2022 18,098 SF
1997 Central, Albany, NY 12205-4579 $1,100,000 Mar 2022 31,404 SF
14 Commercial, Colonie, NY 12205-5704 $2,300,000 Oct 2020 43,448 SF
55 Railroad, Colonie, NY 12205-5911 $600,000 Feb 2019 18,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $565,000
    18,900 SF
    132 Railroad Ave
    WAREHOUSE, STORAGE
    132 Railroad Ave, Colonie, NY 12205-5722
    View Details
  • Value Estimation
    $335,000
    14,615 SF
    45 Railroad Ave
    WAREHOUSE, STORAGE
    45 Railroad Ave, Colonie, NY 12205-5711
    View Details
  • Value Estimation
    $265,000
    12,000 SF
    136 Railroad Ave
    WAREHOUSE, STORAGE
    136 Railroad Ave, Colonie, NY 12205-5701
    View Details
  • Value Estimation
    $220,000
    10,000 SF
    10 Gdn Ter
    WAREHOUSE, STORAGE
    10 Gdn Ter, Colonie, NY 12205-2542
    View Details
  • Value Estimation
    $165,000
    5,025 SF
    5 Highland Ave
    WAREHOUSE, STORAGE
    5 Highland Ave, Colonie, NY 12205-5476
    View Details
  • Value Estimation
    $170,000
    4,840 SF
    10 Marjorie Rd
    TRUCK TERMINAL (MOTOR FREIGHT)
    10 Marjorie Rd, Albany, NY 12205
    View Details

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  • Contact for pricing
    4,072 SF
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Similar Nearby for Lease

  • $7.95 SF/Yr
    15,000 sqft
    Distribution Warehouse Available Summer 2026
    15,000 SF distribution warehouse available late Summer 2026.
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    View Details
  • Contact for pricing
    35,598 sqft
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    Fenced industrial facility with office, showroom, loading access, and secured outdoor storage capacity.
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    View Details
  • Contact for pricing
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    Office/warehouse park with flexible spaces and convenient access.
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  • $13 SF/Yr
    Versatile Flex Space in Colonie
    Flex space suitable for distributors, service businesses, and healthcare.
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    View Details
  • $8.50 SF/Yr
    6,491 sqft
    Flex Warehouse Suite with Dock Door
    Flex building suite offers a dock height door and ample office space within a 6,491 SF layout.
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  • New
    $5.50 SF/Yr
    27,000 sqft
    Warehouse Space in Colonie, NY
    27,000 SF warehouse sublease available through January 2029.
    71 Fuller Rd, Albany, NY 12205
    View Details
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