Industrial Flex
149 State Route 28n North Creek, NY 12853
149 State Route 28n, North Creek, NY, 12853
$2,750,000
For Sale
$2,750,000
Flex/industrial building with warehouse, production, office/showroom, loading docks, overhead doors, and ample parking.
Property Size31,250 SF
Lot Size2.60 Acres
Price / SF$88
Days on Market64
Property Features for 149 State Route 28n
General Information
- Standard status
- Active
- Size
- 31,250 SF
- Lot size
- 2.60 Acres
Listing agency
KW Platform
(518) 281-6808
Listed by
Scott P Varley · License #30VA0727304
(518) 281-6808
Source
Exprealty
Added: May 20 Updated: Jul 22 at 12:53PM Checked: Jul 22 at 12:53PM
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 KW Platform
Investment Insights
Based on property information with market context.
This commercial/industrial property includes approximately 15,600 SF of warehouse space, 4,900 SF of production area, and 3,100 SF of office/showroom space, supported by shipping/receiving and basement/storage areas. The facility is configured with loading docks and overhead doors, with ample parking for employees and visitors.
The property is located in North Creek, NY, with direct access from NY-28N. It is described as being minutes from Gore Mountain and the Ski Bowl redevelopment area.
The building’s combined warehouse, production, and office/showroom layout is well suited to industrial flex uses requiring both functional work areas and customer- or client-facing space.
The property is located in North Creek, NY, with direct access from NY-28N. It is described as being minutes from Gore Mountain and the Ski Bowl redevelopment area.
The building’s combined warehouse, production, and office/showroom layout is well suited to industrial flex uses requiring both functional work areas and customer- or client-facing space.
Key Highlights
- Approx. 31,250 SF flex commercial/industrial building on 2.6 acres in North Creek, NY
- Includes approx. 15,600 SF warehouse, 4,900 SF production, and 3,100 SF office/showroom space
- Loading docks and overhead doors with shipping/receiving plus basement/storage support areas
Local Financial Insights For Warehouse
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 | $296.3k | $9.48 |
| − Vacancy | −$20.1k | −$0.64 |
| EGI | $276.1k | $8.84 |
| − OpEx | −$41.4k | −$1.33 |
| NOI | $234.7k | $7.51 |
31,250 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$5.80M
$5.07M – $6.76M
NOI $405,844 @ 7.0% cap · market cap 14.76%
Second Best
Warehouse
$3.35M
$2.93M – $3.91M
NOI $234,689 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$9.35M
$8.18M – $10.91M
NOI $654,750 @ 7.0% cap · market cap 23.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex/industrial building with warehouse, production, office/showroom, loading docks, overhead doors, and ample parking.
Where is this flex space located?
The property is located at 149 State Route 28n North Creek, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approx. 31,250 SF flex commercial/industrial building on 2.6 acres in North Creek, NY; Includes approx. 15,600 SF warehouse, 4,900 SF production, and 3,100 SF office/showroom space; Loading docks and overhead doors with shipping/receiving plus basement/storage support areas
