Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a 10,880 square foot CVS Pharmacy located at 485 Columbia St, Cohoes, NY 12047. Boasting a brand new 15-year net lease with a corporate guarantee from CVS Health Corp (BBB/Stable S&P rating), this property offers significant long-term stability. The lease includes two 5-year options with a 10% rent increase at each renewal. The property sits on a desirable 1.1-acre lot at a signalized intersection, benefiting from high visibility and accessibility. With a current NOI of $190,000 and a 6.50% cap rate, this offering presents a compelling return on investment. The property's strategic location is less than half a mile from Cohoes High School, serving a dense population of nearly 150,000 within a 5-mile radius. Built in 2001, this 100% occupied asset offers a low price point per square foot ($268.67) due to replaceable rents, making it an attractive acquisition for discerning investors. The asking price is $2,923,076.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2001
Total area
10,880 SF
Lot
1.1 ac (47,916 SF)
Zoning code
01 - NOT ZONED
APN
010300 10.13-1-9
UPID
US63-3435130
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
-
Pharmacy
-
Pharmacy
-
Courier Service Postal Service
-
Cinema (Bike/Boat/Book/etc) Store
-
Atm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.02M
Owner & transaction history
since 2011
2 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Cohoes, NY
Top alternative use upside
Auto repair, garage
$1.2M
+44.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.02M
Value range
$914k – $1.12M
±10% around blend
Estimated value / SF
$93 / SF
Confidence
High
14 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
$914k
blend $1.02M
$1.12M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,880 SF
Lot area
1.1 ac
Year built
2001
Stories
1
APN
010300 10.13-1-9
Zoning
01 - NOT ZONED
Assessed value
$1,204,416
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.30M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.2 mi away · 12,953 SF
11.2 mi away · 7,980 SF
11.3 mi away · 11,526 SF
18.5 mi away · 10,292 SF
21.3 mi away · 8,640 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 154 sales
$75
+24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $93/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+44%
vs current-use indication
Commercial (general) · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.20M
Move the market yield to see immediate price impact.
Value / SF
$111
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$76k
$1.52M
$1.08M
$843k
$84k
$1.69M
$1.20M
$937k
$93k
$1.85M
$1.32M
$1.03M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$680k
3.3 mi · Jan 2026 · $49/SF
Property tax & assessments
Property tax & assessments
Assessed value
$1,204,416
Assessed 2023
Previous assessed
$1,204,416
+0.0% YoY
Assessed land
$300,000
Assessed improvement
$904,416
Land market value
$750,000
Improvement market value
$2,261,040
Total market value
$3,011,040
Applied tax rate
10,300.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
10,880 SF
Lot
1.1 ac (47,916 SF)
Zoning code
01 - NOT ZONED
APN
010300 10.13-1-9
UPID
US63-3435130
Jurisdiction
ALBANY
Zoning & alternative use
01 - NOT ZONED · Cohoes, NYZoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Cohoes, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
01 - NOT ZONED
Jurisdiction
Cohoes, NY
Recorded code
01 - NOT ZONED
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 01 - NOT ZONED in Cohoes, NY.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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