Queensbury Warehouse with
3 Highland Avenue Queensbury, NY 12804
For Sale
$2,900,000
35,000 SF warehouse with 18,000 SF mezzanine for sale.
Property Size35,000 SF
Lot Size3.79 Acres
Price / SF$82.86
Days on Market123
Property Features for 3 Highland Avenue
General Information
- Standard status
- Active
- Size
- 35,000 SF
- Lot size
- 3.79 Acres
- Property subtype
- Industrial
Listing Agency:
CBRE | Albany
(518) 378-2501
Listed By:
Craig Darby · License #Associate Real Estate Broker
(518) 378-2501
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 25 at 2:41AM
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 CBRE | Albany
Investment Insights
Based on property information with market context.
Offered for sale is a former FW Webb facility in Queensbury. The building has a footprint of approximately 35,000 square feet with an approximately 18,000 square foot mezzanine, situated on an approximately 3.79 acre parcel. The entire property is fenced with two gates. The ceiling height at the center is approximately 25 feet. There are three loading docks with levelers, one overhead door at grade level, and two loading docks on the east wall. The site is fenced in for secure parking and an outside laydown area, with parking for approximately 50 vehicles.
Key Highlights
- ±35,000 SF building with an ±18,000 SF mezzanine.
- ±3.79 acre fenced parcel for secure parking and outside laydown area.
- Features three loading docks with levelers.
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 | $331.8k | $9.48 |
| − Vacancy | −$22.6k | −$0.64 |
| EGI | $309.2k | $8.84 |
| − OpEx | −$46.4k | −$1.33 |
| NOI | $262.9k | $7.51 |
35,000 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.76M
$3.29M – $4.38M
NOI $262,852 @ 7.0% cap · market cap 9.06%
Second Best
Industrial
$3.09M
$2.71M – $3.61M
NOI $216,466 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$10.48M
$9.17M – $12.22M
NOI $733,320 @ 7.0% cap · market cap 25.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
F.W. Webb Company ...
Plumbing Service
Similar Off Market Nearby
- KeyLock Mini Storage — 25 triangle park rd, queensbury, ny 12804
- All Storage — 217 Dix Ave, Glens Falls, NY 12801
- Prime Storage — 25 Triangle Park Rd, Queensbury, NY 12804
- Prime Storage — 1022 Dix Ave, Hudson Falls, NY 12839
- Prime Storage - Queensbury — 25 Triangle Park Rd, Queensbury, NY 12804
FAQs
What type of property is this?
Warehouse - 35,000 SF warehouse with 18,000 SF mezzanine for sale.
Where is this warehouse located?
The property is located at 3 Highland Avenue Queensbury, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: ±35,000 SF building with an ±18,000 SF mezzanine.; ±3.79 acre fenced parcel for secure parking and outside laydown area.; Features three loading docks with levelers.
