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    21 Sullivan Pkwy Fort Edward, NY 12828

    For Sale
    $1,638,620

    17,352 SF industrial facility fully leased to Ferguson Enterprises.

    Property size:
    17,352 SF
    Lot size:
    1.22 Acres

    Property Features for 21 Sullivan Pkwy

    General Information

    Size
    17,352 SF
    Lot size
    1.22 Acres

    Source: Matthews Real Estate Investment Services | Dallas Agent Daniel Murphy

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

    Overview

    Industrial Facility Leased to Ferguson

    The property at 21 Sullivan Parkway in Fort Edward, NY, is a 17,352-square-foot industrial facility on 1.22 acres. Constructed in 1990, it features 26-foot clear heights, two dock-high doors, and one oversized drive-in door, suitable for distribution and service operations. The property is fully leased to Ferguson Enterprises, a leading HVAC and plumbing distributor with over 18,000 locations in North America. The current annual rent is $118,800, or $94.43 per square foot. The tenant is responsible for taxes, insurance, and common area maintenance, with the landlord responsible for structural repairs. The property is located in a growing industrial hub along the Hudson River, with access to US-4, NY-197, the Canadian Pacific rail line, and the I-87 corridor connecting to the Albany MSA. The area has received public investment, including a $4.7 million New York State grant for infrastructure upgrades, enhancing its appeal for industrial users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ferguson Industrial Industrial Equipment Supplier Linuo Valves Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Edward
    County
    Washington
    State
    New York
    Longitude
    -73.5903973
    Latitude
    43.2827987

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    FAQs

    What type of property is this?
    Distribution property - 17,352 SF industrial facility fully leased to Ferguson Enterprises.
    Where is this distribution property located?
    The property is located at 21 Sullivan Pkwy Fort Edward, NY.
    What is the asking price?
    The asking price for this property is $1,638,620.
    What are key features of this property?
    This property features: - Credit Tenant: Fully leased to Ferguson Enterprises.; - Attractive Financials: $118,800 annual rent with a 7.25% cap rate.; - Tenant responsible for taxes, insurance, and common area maintenance.
    (845) 548-6885
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    21 Sullivan Pkwy Fort Edward, NY 12828
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    Realmo Value Estimation

    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.

    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.

    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
    21 Sullivan Pkwy Fort Edward, NY 12828
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