Building Details

Buildings 1

Building Size 7,900 SF

Listing Agency: BHHS - Blake REALTORS | Albany Show Phone

Listed By: Antonio Johnson · License #10401288902 Show Phone

Source: Moodyscre

Added: Jul 30 Changed: Oct 25 Last Checked: Nov 1 at 8:45AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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 / Yr

$83,494

Cap Rate

5.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,669,880 $1.7M

Cap Rate 7%

$1,192,771 $1.2M

Cap Rate 9%

$927,711 $927.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,900 SF

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 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 (±1% cap)

NOI $83,494 @ 7.0% cap · market cap 5.97%

Second Best

Warehouse

$827.6K

$724.1K – $965.5K (±1% cap)

NOI $57,929 @ 7.0% cap · market cap 4.14%

Theoretical Best

Office A

$1.97M

$1.73M – $2.30M (±1% cap)

NOI $138,241 @ 7.0% cap · market cap 9.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Auto Parts Store HVAC Service Auto Repair Shop Electrical Service Restaurant Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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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