Halfmoon Industrial Redevelopment
1879 Route 9 Halfmoon, NY 12065
1879 Route 9, Halfmoon, NY, 12065
$1,500,000
For Sale
$1,500,000
9.17-acre site with redevelopment potential in high-demand industrial corridor.
Property Size5,588 SF
Lot Size9.17 Acres
Price / SF$268.43
Days on Market109
Property Features for 1879 Route 9
General Information
- Standard status
- Active
- Size
- 5,588 SF
- Lot size
- 9.17 Acres
- Property subtype
- Land
Listing agency
Pyramidbrokerage
(518) 489-9199
Listed by
Pyramid Brokerage Albany
(518) 489-9199
Source
Pyramidbrokerage
Added: Apr 4 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 4:05AM
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This 9.17-acre site is located in a high-demand industrial corridor with a traffic count of over 16,000 vehicles per day. The property includes 5,588 square feet of existing improvements across four buildings, making it suitable for redevelopment. It is an excellent fit for retail, showroom, logistics, distribution, or professional uses requiring strong highway access. The site has approximately 600 feet of frontage on Route 9 in the Town of Halfmoon. The property is zoned Light Industrial-Commercial (LI-C). Water is available at Liebich Lane, and sewer is located across Route 9. It is located approximately 2 miles (approximately 3 minutes) from I-87 Exit 10 and is near UPS and Sysco distribution centers. A survey with aerials and wetland delineations is available.
Key Highlights
- Prime 9.17‑acre site in a high‑demand industrial corridor with 16,000+ vehicles/day.
- Excellent highway access: Just under 2 miles (approx. 3 minutes) to I‑87 Exit 10.
- Ideal for redevelopment with existing improvements: 5,588 SF across 4 buildings.
Local Financial Insights For Office B
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 | $120.7k | $21.60 |
| − Vacancy | −$19.9k | −$3.56 |
| EGI | $100.8k | $18.04 |
| − OpEx | −$25.2k | −$4.51 |
| NOI | $75.6k | $13.53 |
5,588 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.08M
$944.9K – $1.26M
NOI $75,589 @ 7.0% cap · market cap 5.04%
Second Best
Retail
$963.6K
$843.2K – $1.12M
NOI $67,452 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,080 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - 9.17-acre site with redevelopment potential in high-demand industrial corridor.
Where is this industrial land located?
The property is located at 1879 Route 9 Halfmoon, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime 9.17‑acre site in a high‑demand industrial corridor with 16,000+ vehicles/day.; Excellent highway access: Just under 2 miles (approx. 3 minutes) to I‑87 Exit 10.; Ideal for redevelopment with existing improvements: 5,588 SF across 4 buildings.
