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    10 Commerce Park Dr Wilton, NY 12831

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    For Sale
    $1,400,000

    Well-located industrial/flex warehouse compound on 2.6 acres in Saratoga County.

    Property size:
    13,344 SF
    Lot size:
    2.60 Acres

    Property Features for 10 Commerce Park Dr

    General Information

    Standard status
    Active
    Size
    13,344 SF
    Lot size
    2.60 Acres

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Nicholas Ketter
    Source: Corcoran

    Listing Agency: REALIZE BROKERS Listing Agent: Nicholas Ketter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Wilton Industrial/Flex Warehouse Compound

    The property at 10 Commerce Park Drive is an industrial/flex warehouse compound situated on 2.6 acres in Saratoga County. It benefits from C3 zoning and convenient access to I-87 (Northway) at Exit 16. The site features three Butler-style steel buildings, totaling approximately 13,344 square feet. Two buildings each measure approximately 6,000 square feet (60' x 100') and offer 18-foot ceiling heights. These buildings have a mix of warehouse and office buildout, with non-load-bearing interior walls that allow for easy conversion to fully clear-span spaces. Additionally, there is a 1,344 square foot garage/shop building with 16-foot ceilings and three overhead doors. The property includes a total of 11 at-grade overhead doors across the site, along with ample parking, turn-around space, and an outdoor storage area. Each building has separate utilities. The site is served by a private well and septic system. The warehouse spaces are equipped with radiant floor heat. The property is well maintained with short-term tenants and can be delivered vacant at closing.
    Location Intelligence

    Current Use by Public Records

    518 Disaster Restoration Hardware & Home Improvement SERVPRO of Southern Saratoga ... Hardware & Home Improvement

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Skin Care Clinic Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilton
    County
    Saratoga
    State
    New York
    Longitude
    -73.7050388
    Latitude
    43.1675469

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    FAQs

    What type of property is this?
    Flex space - Well-located industrial/flex warehouse compound on 2.6 acres in Saratoga County.
    Where is this flex space located?
    The property is located at 10 Commerce Park Dr Wilton, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Excellent access to I-87 (Northway) at Exit 16.; - C3 zoning in Saratoga County allows for a variety of uses.; - **Three buildings totaling 13,344 SF, including two 6,000 SF warehouses with 18' ceilings.**
    (518) 678-4444
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    10 Commerce Park Dr Wilton, NY 12831
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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
    10 Commerce Park Dr Wilton, NY 12831
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    We can help!
    Listing Contact
    Nicholas Ketter
    (518) 678-4444
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