Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    178 Columbia Tpke Rensselaer, NY 12144
    Back to Search
    Property profile & analytics

    178 Columbia Tpke, Rensselaer, NY 12144

    View on Map
    • Distribution centers
    • 1,480 SF
    • 0.15 lot acres
    For Sale
    $229,000
    View Listing →
    Rensselaer Commercial Space For Sale For Sale
    $229,000
    1,480 SF

    Rensselaer Commercial Space For Sale

    High-visibility commercial space ideal for auto-driven ventures.

    178 Columbia Turnpike, Rensselaer, NY 12144
    View Listing
    Property ID
    US63-2068417
    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

    • Distribution centers

    Property Details for 178 Columbia Tpke

    Year built
    1960
    Lot size
    0.15 lot acres
    Zone code
    B-2
    Property type
    Distribution centers
    APN
    382400 155.13-21-15
    APU
    382400155132115

    Description

    This 0.15-acre commercial lot at 178 Columbia Turnpike in Rensselaer, NY, presents a significant opportunity for entrepreneurs. The property, built in 1960, boasts a total of 1,480 square feet, including 758 square feet of completely remodeled office space, a 573-square-foot two-bay garage, and a 331-square-foot storage room. The lot size is 6,534 square feet, providing ample space for operations and parking. Six parking spaces are available on-site. The property features vinyl siding, block exterior, public sewer, and public water. Its location on Columbia Turnpike offers high visibility and accessibility, with an average daily traffic count of 17,051. This versatile property is well-suited for a variety of businesses, including service garages, used car lots, auto detailing shops, or small contractors needing space for vehicles and equipment. The asking price is $300,000. Columbia High School is nearby. This is a rare opportunity to acquire a well-maintained commercial property in a high-traffic area.

    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
    Rensselaer
    County
    Rensselaer
    State
    New York
    Longitude
    -73.7343
    Latitude
    42.619
    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
    $37,500
    $107,300
    $144,800
    -
    $46,653
    $133,491
    $180,144

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      33 Catherine St

      DISTRIBUTION WAREHOUSE
      33 Catherine St, Rensselaer, NY 12144-1814
      View Details
    • Value Estimation by Request
      1.70 Acres

      500 Ss St

      DISTRIBUTION WAREHOUSE
      500 Ss St, Rensselaer, NY 12144-5127
      View Details
    • Value Estimation by Request
      1,441 SF

      344 Ss St

      DISTRIBUTION WAREHOUSE
      344 Ss St, Rensselaer, NY 12144-5118
      View Details
    • Value Estimation by Request
      24,600 SF

      545 Riverside Ave

      TRUCK TERMINAL (MOTOR FREIGHT)
      545 Riverside Ave, Rensselaer, NY 12144-2918
      View Details
    • Value Estimation
      $835,000
      1.99 Acres

      309 Columbia St

      TRUCK TERMINAL (MOTOR FREIGHT)
      309 Columbia St, Rensselaer, NY 12144-2920
      View Details
    • Value Estimation by Request
      20,218 SF

      569-573 3rd Ave Ext

      TRUCK TERMINAL (MOTOR FREIGHT)
      569-573 3rd Ave Ext, Rensselaer, NY 12144
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,500 SF

      Rensselaer Commercial Building For Sale

      8,500 SF building in downtown Rensselaer with ample parking.
      223 Broadway Ave, Rensselaer, NY 12144
      View Details
    • New
      $219,900
      1,996 SF

      Rensselaer Two-Family Home

      Two-unit property in Rensselaer, close to Albany.
      704 East St, Rensselaer, NY 12144
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for sale.
      136 2Nd Ave, Rensselaer, NY 12144
      View Details
    • $199,900
      Pending

      Rensselaer Turn-Key Investment Property

      Spacious, turn-key Rensselaer investment property with newer roof.
      708 East St, Rensselaer, NY 12144
      View Details
    • Contact for pricing

      North Greenbush Development Site

      15.46 acre development site with easy Interstate access.
      161 Valley View Blvd, North Greenbush, NY 12144
      View Details
    • New
      $64,999
      Pending

      Building Lot Near Regeneron

      Combined building lot near Regeneron in East Greenbush.
      38 Oriel Ln, Rensselaer, NY 12144
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      42,000 SF

      Industrial Cold Storage Space Available

      42,000 SF industrial cold storage space for lease.
      301 American Oil Rd, Rensselaer, NY 12144
      View Details
    • Contact for pricing

      Retail Spaces Available for Rent

      Retail spaces available, ranging from 1,335 to 2,907 SqFt.
      274 Troy Rd, North Greenbush, NY 12144
      View Details
    • Contact for pricing

      Modern Medical Office Space Available

      Two Class A suites available for medical or office use.
      2 Empire Dr, Rensselaer, NY 12144
      View Details
    • Contact for pricing
      2,588 SF

      Rensselaer Retail Space Available

      Retail space available for rent in Rensselaer, New York.
      103 Van Rensselaer Sq, Rensselaer, NY 12144
      View Details
    • Contact for pricing
      31,752 SF

      Functional Lab Space for Sublease

      Three-floor lab space in Capitol District's biomedical hub.
      3 University Pl, Rensselaer, NY 12144
      View Details
    • Contact for pricing

      Office Building Near Interstate 90

      Modern office building in growing commercial corridor near Tech Valley.
      1 Empire Dr, Rensselaer, NY 12144
      View Details
    View Listing
    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.
    178 Columbia Tpke
    Rensselaer, NY 12144
    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
    178 Columbia Tpke, Rensselaer, NY, 12144
    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!