Cross-Dock Distribution
For Sale
Contact for pricing
1293 Route 9, Castleton on Hudson, NY 12033
Freestanding industrial facility configured for freight transfer and distribution, with multiple loading points and acreage for commercial operations.
Property Size7,900 SF
Lot Size4.61 Acres
Price / SF$177.09
Days on Market50
Property Features for 1293 Route 9
General Information
Standard status
Active
Size
7,900 SF
Lot size
4.61 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
14
Loading
Cross-Dock
Building Details
Buildings
1
Building Size
7,900 SF
Listing Agency:
BHHS - Blake REALTORS | Albany
(518) 935-2555
Listed By:
Antonio Johnson · License #10401288902
(518) 848-8420
Source:
Moodyscre
Added: Jul 30
Changed: Sep 15
Last Checked: Sep 16 at 4:31PM
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 BHHS - Blake REALTORS | Albany
Investment Insights
Based on property information with market context.
This 7,900-square-foot distribution center occupies 4.61 acres and is configured as a cross-dock facility for streamlined freight transfer. Loading infrastructure includes 14 dock doors, comprising four trailer-height doors and 10 van-height doors. The layout supports distribution and warehouse operations requiring direct movement between receiving and shipping areas.
The property is located at 1293 Route 9 in Castleton On Hudson, New York, within an industrial corridor that includes a nearby Amazon distribution center. Its combination of dedicated dock access, cross-dock design, and sizable site provides a focused platform for logistics and industrial use.
The property is located at 1293 Route 9 in Castleton On Hudson, New York, within an industrial corridor that includes a nearby Amazon distribution center. Its combination of dedicated dock access, cross-dock design, and sizable site provides a focused platform for logistics and industrial use.
Key Highlights
- 7,900 SF cross‑dock distribution center
- Situated on 4.61 acres
- 14 dock doors: 4 trailer height and 10 van height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,494
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,669,880
$1.7M
Cap Rate 7%
$1,192,771
$1.2M
Cap Rate 9%
$927,711
$927.7K
Market Conditions
NOI Build-Up for 7,900 SF
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.
Gross rent
$128.0K $16.20/SF
− Vacancy
−$8.7K −$1.10/SF
EGI
$119.3K $15.10/SF
− OpEx
−$35.8K −$4.53/SF
NOI
$83.5K $10.57/SF
Area
Rensselaer County, NY
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,669,880
Cap Rate 7%
$1,192,771
Cap Rate 9%
$927,711
Alternative Uses
Best Use
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,494 @ 7.0% cap · market cap 5.97%
Second Best
Warehouse
$827.6K
$724.1K – $965.5K
NOI $57,929 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,241 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14
Dock-high doors
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 12033, NY
8,076
Population
3,843
Households
2.1
Avg Household Size
46
Median Age
35%
College-Educated
93%
High-School Grad
28.5 sq mi
ZIP Area
283
Density / Sq Mi
$92,808
Median Household Income
$55,875
Median Earnings
$1,380
Median Rent
$267,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Freestanding industrial facility configured for freight transfer and distribution, with multiple loading points and acreage for commercial operations.
Where is this distribution center located?
The property is located at 1293 Route 9 Castleton on Hudson, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 7,900 SF cross‑dock distribution center; Situated on 4.61 acres; 14 dock doors: 4 trailer height and 10 van height
