Clear-Height Industrial
405 N Pearl St Albany, NY 12207
405 N Pearl St, Albany, NY, 12207
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For Sale
Contact for pricing
Well-maintained warehouse with approximately 16-foot clear ceilings, freight elevator, and a heavy-duty industrial crane.
Property Size9,569 SF
Price / SF$145.78
Days on Market511
Property Features for 405 N Pearl St
General Information
- Standard status
- Active
- Size
- 9,569 SF
- Property subtype
- INDUSTRIAL
Listing agency
Carrow Real Estate Services
(518) 462-7491
Listed by
Rudy R. Lynch · License #10301200002
Source
Moodyscre
Added: Feb 25, 2025 Updated: Jul 21 at 2:44AM Checked: Jul 21 at 5:45AM
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 Carrow Real Estate Services
Investment Insights
Based on property information with market context.
This industrial warehouse is reported in excellent condition and very well maintained. The space offers approximately 16-foot clear ceilings and includes a freight elevator for material handling. Additional operational improvements include a heavy-duty industrial crane and a fully sprinklered dry system.
The property is listed for sale at 405 N Pearl St in Albany, NY (address provided). A solar electric system is also noted among the onsite improvements.
For an industrial user prioritizing in-house vertical freight movement and overhead lifting capability, the combination of freight elevator service and heavy-duty crane equipment is a key functional feature of the facility.
The property is listed for sale at 405 N Pearl St in Albany, NY (address provided). A solar electric system is also noted among the onsite improvements.
For an industrial user prioritizing in-house vertical freight movement and overhead lifting capability, the combination of freight elevator service and heavy-duty crane equipment is a key functional feature of the facility.
Key Highlights
- Well‑maintained warehouse with approximately 16‑foot clear ceilings
- Freight elevator for moving goods through the warehouse
- Heavy‑duty industrial crane included
Local Financial Insights For Industrial
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 | $155.0k | $16.20 |
| − Vacancy | −$10.5k | −$1.10 |
| EGI | $144.5k | $15.10 |
| − OpEx | −$43.3k | −$4.53 |
| NOI | $101.1k | $10.57 |
9,569 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.44M
$1.26M – $1.69M
NOI $101,134 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.21M – $2.95M
NOI $176,720 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Well-maintained warehouse with approximately 16-foot clear ceilings, freight elevator, and a heavy-duty industrial crane.
Where is this manufacturing property located?
The property is located at 405 N Pearl St Albany, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Well‑maintained warehouse with approximately 16‑foot clear ceilings; Freight elevator for moving goods through the warehouse; Heavy‑duty industrial crane included
