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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    580 Columbia Tpke East Greenbush, NY 12061

    • Showrooms
    • 7,354 SF
    • 1.87 lot acres
    For Lease
    View listing
    $1.00 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2716939
    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.

    Current Use by Public Records

    • Citizens ATM / Atm
    • Citizens / Bank / Loan Service

    Property Details for 580 Columbia Tpke

    Year built
    1980
    Lot size
    1.87 lot acres
    Property size
    7,354 SF
    Zone code
    B-2
    Property type
    Showrooms
    APN
    382400 166.-7-5
    APU
    38240016675

    Description

    This exceptional Class A retail property, located at 580 Columbia Turnpike in East Greenbush, NY (zip code 12061), offers 20,000 square feet of flexible space in two buildings on a 4.5-acre lot. Built in 2023, this new construction development boasts a prime location along the busy Columbia Turnpike, situated between established Market 32 and Hannaford shopping centers. The property is zoned PDD and offers multiple tenancy options, with spaces ranging from a minimum of 1,500 square feet to a maximum contiguous space of 11,000 square feet. This mixed-use development is part of a larger Town Center project, which includes approvals for up to 275 residential units (with the first phase of 78 units already 100% leased), ensuring high foot traffic and a vibrant community atmosphere. The remaining commercial suites can be customized to meet individual tenant requirements, providing a unique opportunity to establish a presence in a thriving East Greenbush location. This is an ideal opportunity for businesses seeking high visibility and accessibility in a rapidly growing area. The property's strategic location and modern design make it an attractive option for a variety of retail uses. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $479,000
      Market price range: $212k - $654k
      AI Estimate
      $839,000
      Market price range: $374k - $1.08M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $435,000
      Current use
      AUTO REPAIR, GARAGE
      $615,000
      Change: +41% Conversion: Difficult
      OFFICE BUILDING
      $395,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Greenbush
    County
    Rensselaer
    State
    New York
    Longitude
    -73.7119
    Latitude
    42.5998
    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
    $250,000
    $700,000
    $950,000
    -
    $311,023
    $870,863
    $1,181,886

    Comparable in this City

    • Value Estimation by Request
      6,814 SF

      593 Columbia Tpke

      SHOW ROOM, WAREHOUSE • 6,814 SF
      593 Columbia Tpke, East Greenbush, NY 12061-1602
      View Details
    • Value Estimation by Request
      5.36 Acres

      578 Columbia Tpke

      SHOW ROOM, WAREHOUSE • 5.36 Acres
      578 Columbia Tpke, East Greenbush, NY 12061-1635
      View Details
    • Value Estimation by Request
      2,666 SF

      40 Iroquois Pl

      SHOW ROOM, WAREHOUSE • 2,666 SF
      40 Iroquois Pl, East Greenbush, NY 12061-3826
      View Details
    • Value Estimation by Request
      2,962 SF

      14 Country Ln

      SHOW ROOM, WAREHOUSE • 2,962 SF
      14 Country Ln, East Greenbush, NY 12061-9777
      View Details
    • Value Estimation by Request
      1,536 SF

      2 Greenbush Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,536 SF
      2 Greenbush Ave, East Greenbush, NY 12061-1506
      View Details
    • Value Estimation by Request
      29,952 SF

      609 Columbia Tpke

      GYM, HEALTH SPA • 29,952 SF
      609 Columbia Tpke, East Greenbush, NY 12061-1603
      View Details

    Similar Nearby for Sale

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      Retail Plaza on Columbia Turnpike

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      Prime East Greenbush Commercial Land

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      575 Columbia Tpke, East Greenbush, NY 12061
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      Schodack Land Parcel For Sale

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      East Greenbush Office Building For Sale

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    Similar Nearby for Lease

    • $1.00 SF/Yr
      18,832 SF

      East Greenbush Retail Space Available

      New construction retail space in East Greenbush, up to 2,300 SF.
      580 Columbia Tpke, East Greenbush, NY 12061
      View Details
    • $4,770 /Mo

      East Greenbush Restaurant/Retail Opportunity

      Restaurant, office, or store space in booming East Greenbush.
      9 Troy Rd, East Greenbush, NY 12061
      View Details
    • $13 SF/Yr
      92,744 SF

      East Greenbush Office Space Available

      Office space with multiple offices, conference rooms, and kitchenette.
      15 Tech Valley Dr, East Greenbush, NY 12061
      View Details
    • $500 /Mo
      1,157 SF

      Move-in Ready Medical Office Space

      1,262 RSF medical office space with two in-suite bathrooms.
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    • $13 SF/Yr
      37,001 SF

      Class A Office Space Available

      Class A office building with customizable spaces in East Greenbush.
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      View Details
    • $5 SF/Yr
      56,632 SF

      East Greenbush Industrial Building

      56,632 SF industrial building for lease in East Greenbush, NY.
      579 Columbia Tpke, East Greenbush, NY 12061
      View Details
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    East Greenbush, NY 12061
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    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
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