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

    593 Columbia Tpke East Greenbush, NY 12061

    • Showrooms
    • 6,814 SF
    • 0.92 lot acres
    For Sale
    View listing
    $1,600,000
    Last Sale
    Oct 01, 2021
    $410,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0335755
    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

    • Columbia Deli And Beverage / Food Market / Restaurant

    Property Details for 593 Columbia Tpke

    Year built
    1968
    Lot size
    0.92 lot acres
    Property size
    6,814 SF
    Zone code
    B-2
    Property type
    Showrooms
    APN
    382400 166.15-4-5
    APU
    3824001661545

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    East Greenbush
    County
    Rensselaer
    State
    New York
    Longitude
    -73.7105
    Latitude
    42.5999
    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
    $302,400
    $300,000
    $602,400
    -
    $376,213
    $373,227
    $749,440

    Comparable in this City

    • 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
      $650,000
      7,354 SF

      580 Columbia Tpke

      SHOW ROOM, WAREHOUSE • 7,354 SF
      580 Columbia Tpke, East Greenbush, NY 12061-1650
      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
      5,984 SF

      615 Columbia Tpke

      FINANCIAL BUILDING • 5,984 SF
      615 Columbia Tpke, East Greenbush, NY 12061-2114
      View Details

    Similar Nearby for Sale

    • $1,600,000
      6,814 SF

      Retail Plaza on Columbia Turnpike

      Renovated retail plaza with high traffic and ample parking.
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      Prime East Greenbush Commercial Land

      1.7-acre lot, high visibility, B-1 zoning
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    • $90,000
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      Schodack Land Parcel For Sale

      3.5 acre building lot in Schodack, New York.
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      East Greenbush Office Building For Sale

      10,398 sq ft office building on heavily traveled Troy Rd.
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      10,398 SF office building suitable for owner occupancy or investment.
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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
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    • $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
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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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    • $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
    • $500 /Mo
      1,157 SF

      Move-in Ready Medical Office Space

      1,262 RSF medical office space with two in-suite bathrooms.
      77 Miller Rd, East Greenbush, NY 12061
      View Details
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    593 Columbia Tpke
    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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