5 Elmwood Rd, Menands, NY 12204
For Sale
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This exceptional 40,600-square-foot industrial property at 5 Elmwood Road, Albany, NY 12204, presents a unique investment opportunity. Previously a bowling alley, this single-story building has undergone a complete renovation in 2023, transforming it into a modern and efficient warehouse and distribution center. The property boasts a 14-foot ceiling height, providing ample vertical space for storage and operations. The building sits on a site with expansion potential, and the current owner offers build-to-suit options to meet specific tenant requirements. The property features a new roof, new parking lot, and new electrical systems. Zoned for warehousing and distribution, this location offers unparalleled access to major highways, providing seamless connectivity throughout the Capital Region. The asking price is $2,250,000, with a price per square foot of $55.42. The lease type is NNN. This property is ideal for businesses seeking a modern, efficient, and strategically located industrial space in Albany, New York. A use variance has been granted to permit warehousing and distribution center operations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
86 · Menands, NYMenands. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.