North Creek Commercial/Industrial
149 State Route 28N North Creek, NY 12853
149 State Route 28N, North Creek, NY, 12853
$2,750,000
For Sale
$2,750,000
COMMERCIAL - North Creek, NY
Property Size31,250 SF
Lot Size2.60 Acres
Price / SF$88
Days on Market59
Property Features for 149 State Route 28N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Industrial
- Parking
- 40
- Basement
- Finished
- Standard status
- Active
- APN
- 522400 66.6-1-10
- Size
- 31,250 SF
- Lot size
- 2.60 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15223
Utilities
- Sewer type
- Septic Tank
- Heating system
- Propane (Heating), Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1994
- Floors in Building
- 1
- Building materials
- Wood Siding
- Roof type
- Asphalt, Shingle
Listing Agency
KW Platform
(518) 281-6808
382 Broadway, Latham, NY
Listed by
Scott P Varley · License #30VA0727304
(518) 281-6808
Added: May 20 Checked: Jul 17 at 9:06 pm
MLS# 202617627
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a commercial/industrial building with approximately 31,250 square feet of space on 2.6 acres in North Creek, New York. It is located minutes from Gore Mountain and the expanding Ski Bowl redevelopment area. The building includes approximately 15,600 square feet of warehouse space, 4,900 square feet of production area, and 3,100 square feet of office/showroom space, as well as shipping/receiving and basement/storage support areas. The property features loading docks, overhead doors, and ample parking. It has direct access from NY-28N. The property is suitable for light industrial, manufacturing, warehousing, distribution, or flex commercial use in a growing southern Adirondack market. The area benefits from growing year-round tourism and continued public investment.
Key Highlights
- Large commercial/industrial building (approx. 31,250 SF) on 2.6 acres.
- Located minutes from Gore Mountain and Ski Bowl redevelopment area.
- Features 15,600 SF warehouse, 4,900 SF production area, and 3,100 SF office/showroom space.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $296.3k | $9.48 |
| − Vacancy | −$20.1k | −$0.64 |
| EGI | $276.1k | $8.84 |
| − OpEx | −$41.4k | −$1.33 |
| NOI | $234.7k | $7.51 |
31,250 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$5.80M
$5.07M – $6.76M
NOI $405,844 @ 7.0% cap · market cap 14.76%
Second Best
Warehouse
$3.35M
$2.93M – $3.91M
NOI $234,689 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$9.35M
$8.18M – $10.91M
NOI $654,750 @ 7.0% cap · market cap 23.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - 31,250 SF building on 2.6 acres near Gore Mountain.
Where is this flex space located?
The property is located at 149 State Route 28N North Creek, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Large commercial/industrial building (approx. 31,250 SF) on 2.6 acres.; Located minutes from Gore Mountain and Ski Bowl redevelopment area.; Features **15,600 SF warehouse**, **4,900 SF production area**, and **3,100 SF office/showroom space**.
