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Property profile & analytics
FOR LEASE
Office buildings
743 Columbia Tpke, East Greenbush, NY 12061
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1621404
For Lease
1 / 20
$12 SF/Yr
743 Columbia Tpke, East Greenbush, NY 12061
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Property summary
AI-generated overview
This exceptional executive office space, located at 743 Columbia Turnpike in East Greenbush, NY 12061, offers a single, 632 square foot suite within a larger 12,976 square foot building. The property is classified as an office building with multiple tenancies. Ample parking is available for tenants and visitors. The suite is immediately available for lease and presents a fantastic opportunity for a business seeking a professional and convenient location in Rensselaer County. The building's address is easily accessible from major roadways, ensuring convenient commutes for employees and clients. This is an ideal space for a small business or a satellite office requiring a well-maintained and functional workspace. The suite's 632 square feet provides ample room for a variety of office configurations, allowing for customization to meet specific business needs. The building's overall size suggests a well-established and reputable location, offering a sense of stability and professionalism. Don't miss this chance to secure a prime office space in a desirable East Greenbush location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1945
Total area
12,976 SF
Lot
1.6 ac (69,696 SF)
Zoning code
B-2
APN
382400 177.8-7-13.1
UPID
US63-1621404
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Unified Technology Associates (Bike/Boat/Book/etc) Store Corporate Office
-
Automated & Management Solutions Business Management Consultant
-
BENGRAFF.com Video Production Studio Film Production Television Studio
-
Todd D. Hopwood, BSW Counselor
-
Alison Levine Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$419k
Blend (final)
Blend
$600k
Owner & transaction history
Sahasra Developers LLC · 3 yrs held
Sahasra Developers LLC
since 2023
Last sale
$741,000
2 recorded transactions
Zoning & alternative use
B-2 · East Greenbush, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$770,000
+9.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Greenbush submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Greenbush submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$625,000
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$700,000
Current use
COMMERCIAL (GENERAL)
$770,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $741k (Feb 21 2023)
Last sale anchor
$741k
Feb 21 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$677,900
Assessed 2023
Previous assessed
$677,900
+0.0% YoY
Assessed land
$199,000
Assessed improvement
$478,900
Land market value
$247,574
Improvement market value
$595,795
Total market value
$843,369
Applied tax rate
382,401.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1945
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
12,976 SF
Lot
1.6 ac (69,696 SF)
Zoning code
B-2
APN
382400 177.8-7-13.1
UPID
US63-1621404
Jurisdiction
RENSSELAER
Zoning & alternative use
B-2 · East Greenbush, NY
Zoning B-2 · permitted uses
B-2 · East Greenbush, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Greenbush. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$770,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Sahasra Developers LLC
Entity
Mailing address
9 LANDMARK ST, LATHAM, NY 12110-2005
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
$741,000
Sahasra Developers LLC
Cnp 743 Columbia Tpke LLC
Warranty Deed
$600,800 · First New York FCU
Jan 2, 2013
$675,000
Cnp 743 Columbia Turnpike LLC
Hdm Dev Corp
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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