Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Warehouse Space in Queensbury Title is generated by Realmo AI

    24 Native Drive, Queensbury, NY 12804

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr $15,000/Mo (calc)

    New 20,000 SF warehouse space available for lease.

    Type:Industrial
    Property size:
    20,000 SF
    Added:
    Mar 25, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 16 at 10:23 am

    Property Features for 24 Native Drive

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Craig Darby
    Craig Darby

    Listing agent Craig Darby License #Associate Real Estate Broker

    Listing office CBRE | Albany

    Listing date Mar 25, 2026

    Source Cbre

    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

    HighLights

    • Brand new ±20,000 SF warehouse space ready for occupancy.
    • Excellent location just over a mile from Exit 18 of I‑87.
    • ±24’ clear height and no columns for maximum space utilization.
    • Two (2) loading docks and one (1) door at grade level for efficient loading/unloading.
    • Part of a larger planned development; additional space may be available.
    • Located in Carey Industrial Park, proximate to other commercial and industrial businesses.

    Overview

    This new construction offers approximately 20,000 square feet of warehouse space within a larger industrial building totaling approximately 116,490 square feet. The property is located in the Carey Industrial Park in the Town of Queensbury, New York. The warehouse features an approximate 24-foot clear height and column-free interior. Loading and unloading are facilitated by two loading docks and one grade-level door. Approximately 25 parking spaces are available. The property is situated a little over a mile from Exit 18 of I-87 (The Adirondack Northway), providing convenient access to transportation routes. The location is proximate to various commercial and industrial businesses, including Kamco Supply Corp, Flex Trim USA, AngioDynamics, Medline, NEPSI, and Burch Bottle & Packaging Inc. The property is part of a larger planned development, suggesting potential for additional space availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Department Store

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

    Similar Places Nearby

    • U Store It — 462 Corinth Rd, Queensbury, NY 12804
    • Northway Self Storage — 162 Carey Rd, Queensbury, NY 12804
    • U Store It Office — Queensbury, NY 12804

    Location Insight

    • Map
    • Local Demand
    City
    Queensbury
    County
    Warren
    State
    New York
    Longitude
    -73.6930858
    Latitude
    43.2920213

    Nearby Similar for Lease

    • $1,800/Mo

      Queensbury Commercial Space For Lease

      1,516 SF commercial space for lease in Queensbury, NY.
      1212 Bay Road, Queensbury, NY 12804
      View Details
    • $17 SF/Yr

      Visible Commercial Space For Rent

      1354 SF commercial space available in visible, accessible location.
      74 Quaker Road, Queensbury, NY 12804
      View Details
    • $12 SF/Yr

      Queensbury Office Space For Lease

      1,490 SF office space available in prominent Queensbury location.
      357 Bay Road unit: 1, Queensbury, NY 12804
      View Details
    • $13 SF/Yr

      Queensbury Retail Space For Rent

      Retail space available in Meadowbrook Plaza with high traffic exposure.
      324 Quaker Road unit: 6, Queensbury, NY 12804
      View Details
    • $10 SF/Yr

      Queensbury Commercial Space For Rent

      Versatile commercial space suitable for office, retail, or storage.
      281 Dix Avenue, Queensbury, NY 12804
      View Details
    • $14 SF/Yr

      Turnkey Dental Office for Lease

      Class A dental office available for immediate lease in Queensbury.
      16 Hunter Brook Lane, Queensbury, NY 12804
      View Details
    • $16 SF/Yr

      Retail Space on Quaker Road

      Retail space available in a visible, accessible location.
      74 Quaker Road, Queensbury, NY 12804
      View Details
    • $12 SF/Yr

      Office Space For Lease

      Office space available for lease in prominent location.
      357 Bay Road #1, Queensbury, NY 12804
      View Details
    • $1,800/Mo

      Retail/Office Space For Lease

      Single-story building suitable for retail or office use.
      1212 Bay Road, Queensbury, NY 12804
      View Details
    • $1,500/Mo

      Freestanding Office Building For Lease

      924 SF freestanding office building with parking and central air.
      565 Bay Road, Queensbury, NY, 12804
      View Details
    • Contact for pricing

      Retail Space on Quaker Road

      Retail space for lease with high traffic and road frontage.
      324 Quaker Road, Queensbury, NY
      View Details
    • $10 SF/Yr

      Queensbury Warehouse Space Available

      4,000 SF warehouse space for lease near I-87.
      94 Big Boom Road #D, Queensbury, NY 12804
      View Details

    FAQs

    What type of property is this?
    Warehouse - New 20,000 SF warehouse space available for lease.
    Where is this warehouse located?
    The property is located at 24 Native Drive Queensbury, NY.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Brand new ±20,000 SF warehouse space ready for occupancy.; Excellent location just over a mile from Exit 18 of I‑87.; ±24’ clear height and no columns for maximum space utilization.
    (518) 452-2700
    We can help!
    Listing Contact
    Craig Darby
    Craig Darby
    Real Estate License ID: Associate Real Estate Broker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24 Native Drive, Queensbury, NY, 12804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!