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    The Largest CRE Database in the US with Over 1 Million Listings

    10 Park St Amsterdam, NY 12010

    Sponsored
    For Lease
    $6 SF/Yr

    5,000 - 200,000 SF of Industrial Space Available in Amsterdam, NY 12010

    Description

    Added:
    Jan 22, 2026
    Days on Market:
    1
    10 Park Street | Amsterdam, NY
    ±200,000 SF of Commercial / Mixed-Use Space Available

    10 Park Street presents a rare large-scale commercial opportunity in the heart of Amsterdam, NY. This ±200,000 square foot property offers exceptional flexibility for a wide range of commercial, industrial, institutional, and mixed-use users seeking scale, accessibility, and long-term value.

    The building features expansive floor plates, high ceilings, and adaptable layouts that can accommodate single-tenant users or be subdivided for multiple occupants. Ideal uses include light industrial, warehouse and distribution, medical or healthcare, educational facilities, office, call centers, technology, manufacturing, or creative conversion concepts.

    Strategically located with strong regional access, the property benefits from proximity to major transportation routes, a growing local workforce, and ongoing public and private investment throughout the Amsterdam market. Ample on-site parking, loading capabilities, and infrastructure support both operational efficiency and future redevelopment potential.

    Ownership is open to flexible deal structures, including full-building tenancy, partial leases, and phased occupancy, making this an ideal solution for growing companies, institutional users, or developers seeking a value-add repositioning opportunity.

    Highlights:

    ±200,000 SF of adaptable commercial space

    Flexible configurations for single or multi-tenant use

    Strong access to regional road networks

    Ample parking and loading potential

    Ideal for industrial, medical, office, institutional, or mixed-use concepts

    Long-term growth and redevelopment upside

    Property Features for 10 Park St

    General Information

    Property type
    Industrial properties
    Lease Type
    NNN Lease
    TSF (Total sq. ft)
    200,000-200,000 SF
    Class
    C
    Total Parking Spaces
    50
    Lease Term
    Flexible

    Building Details

    Year Built/Renovated
    1890/2026
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Glenn La Mattina
    Glenn La Mattina

    Learn more

    Property Insight Report
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Amsterdam
    State
    New York
    Longitude
    -74.1535186
    Latitude
    42.9731327

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      Industrial/Flex Building For Lease

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    FAQs

    What type of property is this?
    Industrial property - 5,000 - 200,000 SF of Industrial Space Available in Amsterdam, NY 12010
    Where is this industrial property located?
    The property is located at 10 Park St Amsterdam, NY.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    (973) 202-2563
    Request Owner's contact information
    10 Park St Amsterdam, NY 12010
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    Amsterdam, NY 12010
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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 Park St Amsterdam, NY 12010
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    We can help!
    Listing Contact
    Glenn La Mattina
    Glenn La Mattina
    (973) 202-2563
    Learn more
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