Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Land Development Opportunity Title is generated by Realmo AI

    NY, NY

    Claim this Listing
    Pending
    $369,900

    COMMERCIAL - NY

    Property size:
    1,476 SF
    Lot size:
    3.06 Acres
    Added:
    Jul 7, 2025
    Days on Market:
    314
    Last Refresh:
    May 16 at 5:06 pm

    Property Features

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    10
    Basement
    Unfinished, Full
    Standard status
    Pending
    Size
    1,476 SF
    Lot size
    3.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4859

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Pavel Karakalchu

    Listing agent Pavel Karakalchu License #10401307281

    Listing office Gucciardo Real Estate LLC 1074 Troy-Schenectady Road, Albany, NY

    Listing date Jul 7, 2025

    MLS# 202521052

    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.

    HighLights

    • Approved for subdivision and preliminary approval for 18 warehouse/storage units.
    • Prime 3‑acre lot with 230 feet of road frontage on Hudson River Rd.
    • Zoned for industrial use, suitable for contractors, logistics, or light industrial businesses.
    • Located on a high‑traffic corridor with excellent visibility and access.
    • Shovel‑ready site with utilities available.
    • Positioned in a growing commercial hub.

    Overview

    This 3-acre industrial-zoned lot presents a development opportunity with 230 feet of road frontage. The property is situated directly across from Momentive on Hudson River Rd, a high-traffic corridor, offering visibility and access. Approved for subdivision, the parcel has preliminary approval for 18 warehouse/storage units, making it suitable for contractors, logistics, or light industrial use. Utilities are available. This site is located in a growing commercial hub.

    Financial Insights

    Value Estimation Calculated for Self Storage

    Conservative
    $233.1K
    NOI $20,978 @ 9.00% cap · cautious / downside scenario
    Moderate
    $299.7K
    NOI $20,978 @ 7.00% cap · market / base-case scenario
    Aggressive
    $419.6K
    NOI $20,978 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Self Storage

    Component $ $/SF
    Gross rent $31.9k $21.60
    − Vacancy −$1.9k −$1.30
    EGI $30.0k $20.30
    − OpEx −$9.0k −$6.09
    NOI $21.0k $14.21
    1,476 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Self Storage
    $299.7K
    $262.2K – $349.6K (±1% cap)
    NOI $20,978 @ 7.0% cap · market cap 5.67%
    Second Best
    Warehouse
    $263.7K
    $230.8K – $307.7K (±1% cap)
    NOI $18,460 @ 7.0% cap · market cap 4.99%
    Theoretical Best
    Office A
    $913.9K
    $799.7K – $1.07M (±1% cap)
    NOI $63,976 @ 7.0% cap · market cap 17.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Nearby Similar for Sale

    • $759,800
      1,930 SF

      Latham Mixed-Use Commercial Space

      Prime Latham location with revamped interior and ample parking.
      NY
      View Details
    • $439,000
      1,526 SF

      Updated Office Space with Expansion

      Move-in ready office with expansion potential in prime location.
      NY
      View Details
    • $395,000
      2,808 SF

      Modernized Mixed-Use Building in Cohoes

      Two-story mixed-use building with office suite, apartment, and garage.
      NY
      View Details
    • $75,000

      Versatile Commercial Land in Scotia

      Commercial land with broad development flexibility in Scotia, NY.
      NY
      View Details
    • $299,900
      2,356 SF

      Watervliet Brick Two-Family Home

      Spacious two-unit property with recent updates and income potential.
      NY
      View Details
    • $775,000

      Equestrian Farm Near Saratoga Springs

      48-acre equestrian farm with established business near Saratoga Springs.
      NY
      View Details
    • $119,900
      2,346 SF

      Two-Unit Multifamily Property in Amsterdam

      Two-unit property with investor potential, near shopping and dining.
      NY
      View Details
    • $172,904
      1,960 SF

      Renovated Two-Family Home in Albany

      Completely renovated two-family home with modern amenities in Albany, NY.
      NY
      View Details
    • $285,000
      1,760 SF

      Investment Properties Near RPI

      Three investment properties with potential, near RPI. Sold as is.
      NY
      View Details
    • $250,000
      1,755 SF

      Charming Two-Family Home in Rensselaer

      Two-family home with modern updates, ideal for investors or owner-occupants.
      NY
      View Details
    • $11,500

      Commercial Land in Downtown Gloversville

      Commercial property with existing infrastructure in downtown Gloversville, NY.
      NY
      View Details
    • $155,610

      Industrial Land on 3 Acres

      3-acre industrial land parcel with exposure to Route 9.
      NY
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3-acre industrial-zoned lot approved for warehouse/storage units.
    Where is this commercial land located?
    The property is located at NY.
    What is the asking price?
    The asking price for this property is $369,900.
    What are key features of this property?
    This property features: Approved for subdivision and preliminary approval for 18 warehouse/storage units.; Prime 3‑acre lot with **230 feet of road frontage on Hudson River Rd.**; Zoned for industrial use, suitable for contractors, logistics, or light industrial businesses.
    (518) 728-6305
    We can help!
    Listing Contact
    Pavel Karakalchu
    Real Estate License ID: 10401307281
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!