Frankfort Industrial & Office
232 Industrial Park Drive Frankfort, NY
For Sale
$12,000,000
Class A building with warehouse and office space on 26.1 acres.
Property Size141,072 SF
Price / SF$85.06
Days on Market305
Property Features for 232 Industrial Park Drive
General Information
- Standard status
- Active
- Size
- 141,072 SF
- Property subtype
- Industrial
Listing Agency:
Albany Office
(518) 954-9160
Listed By:
Jeffrey D'Amore, SIOR
(518) 954-9160
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 26 at 2:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Albany Office
Investment Insights
Based on property information with market context.
This Class A building, constructed in 1998 with a warehouse expansion in 2002, offers 100,000 square feet of warehouse space and 41,072 square feet of office space, situated on 26.1 acres. The well-maintained facility features a 32-foot clear height, an ESFR sprinkler system, 8 dock doors, and 3 grade-level doors. It includes 205 car parking spaces and is equipped with 2,000 Amps at 480/277 Volts 3 Phase power, municipal water and sewer, and natural gas. The property is conveniently located with access to Route 5S and the NYS Thruway (I-90).
Key Highlights
- Entire Class A building featuring a 100,000 SF warehouse and 41,072 SF office on 26.1 acres.
- Convenient location with access to Route 5S and NYS Thruway (I‑90).
- Benefit from a 32' clear height in the warehouse.
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 | $1.34M | $9.48 |
| − Vacancy | −$90.9k | −$0.64 |
| EGI | $1.25M | $8.84 |
| − OpEx | −$187.0k | −$1.33 |
| NOI | $1.06M | $7.51 |
141,072 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$25.39M
$22.22M – $29.63M
NOI $1,777,507 @ 7.0% cap · market cap 14.81%
Second Best
Warehouse
$15.14M
$13.24M – $17.66M
NOI $1,059,459 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$37.18M
$32.53M – $43.37M
NOI $2,602,271 @ 7.0% cap · market cap 21.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wurth NSI
Building Supply
Similar Off Market Nearby
- MISS - NY016 - MIFT — 111 Dyke Rd, Frankfort, NY 13340
- Moove In Self Storage — 111 Dyke Rd, Frankfort, NY 13340
FAQs
What type of property is this?
Warehouse - Class A building with warehouse and office space on 26.1 acres.
Where is this warehouse located?
The property is located at 232 Industrial Park Drive Frankfort, NY.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Entire Class A building featuring a **100,000 SF warehouse and 41,072 SF office on 26.1 acres.**; Convenient location with access to Route 5S and NYS Thruway (I‑90).; Benefit from a **32' clear height in the warehouse.**
