Property profile

619-621 Pearl St Menands, NY 12204

OFF-MARKET
Warehouses
Property ID
US63-0341313
9,750 SF 0.25 ac lot Built 1940
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This single-story, 9,600 square foot retail building in Menands, NY, offers 2,600 square feet of immediately available space. Located at 619-621 N Pearl St, near N 3rd street, this Class C property boasts six suites, with a minimum divisible space of 200 square feet and larger spaces up to 1,650 square feet available to accommodate various business needs. The building underwent renovations in 2019 and is currently undergoing exterior improvements including new signage and facade enhancements. The property is zoned MU-NE and benefits from convenient street parking. Utilities include 240/120 power. Annual property taxes are $1.36 per square foot. This vibrant location is close to public transportation (bus line) and a school, and is already home to a diverse mix of established businesses including a laundromat, hair salon, convenience store, and Caribbean restaurant. This presents a unique opportunity for businesses seeking high-visibility retail space in a thriving community.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1940
Total area 9,750 SF
Lot 0.25 ac (10,875 SF)
Zoning code C1
APN 010100 66.29-1-5
UPID US63-0341313

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

619-621 Pearl St Menands, NY 12204
Menands metro Census 100 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$185k

Owner & transaction history

since 2011
3 recorded transactions
2011
$310,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · Menands, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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