Building Details

Building Size 9 SF

Listing Agency: Pyramidbrokerage

Listed By: Pyramid Brokerage Albany Show Phone

Source: Pyramidbrokerage

Added: Apr 4 Changed: Oct 1 Last Checked: Oct 19 at 3:24AM

Report an Issue

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

Ask AI about this property

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

What should I ask the agent before proceeding? What information is missing from this listing?

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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,589

Cap Rate

5.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,511,780 $1.5M

Cap Rate 7%

$1,079,843 $1.1M

Cap Rate 9%

$839,878 $839.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,588 SF

Gross rent

$120.7K $21.60/SF

− Vacancy

−$19.9K −$3.56/SF

EGI

$100.8K $18.04/SF

− OpEx

−$25.2K −$4.51/SF

NOI

$75.6K $13.53/SF

Area

Saratoga County, NY

Vacancy

16.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,511,780

Cap Rate 7%

$1,079,843

Cap Rate 9%

$839,878

Alternative Uses

Best Use

Office B

$1.08M

$944.9K – $1.26M (±1% cap)

NOI $75,589 @ 7.0% cap · market cap 5.04%

Second Best

Retail

$963.6K

$843.2K – $1.12M (±1% cap)

NOI $67,452 @ 7.0% cap · market cap 4.50%

Theoretical Best

Office A

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,080 @ 7.0% cap · market cap 7.81%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Real Estate Agency Restaurant Kitchen & Bath Showroom Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service

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

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

Explore this area Business Placement

Demographics for 12065, NY

43,893

Population

19,506

Households

2.3

Avg Household Size

42

Median Age

53%

College-Educated

95%

High-School Grad

35.1 sq mi

ZIP Area

1,251

Density / Sq Mi

$115,681

Median Household Income

$61,692

Median Earnings

$1,419

Median Rent

$356,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Single-Story Office Building

8 Executive Park Drive, Halfmoon, NY 12065

$710,445

7,986 SF

View details

Mixed-Use Property with Multiple Entrances

1431 Route 9, Halfmoon, NY 12065

$398,000

2,280 SF

View details

Halfmoon Office Building For Sale

14 Corporate Dr, Halfmoon, NY 12065

Contact for pricing

16,356 SF

View details

Restaurant and Banquet Facility

130 Meyer Road, Halfmoon, NY 12065

$1,825,000

3,333 SF

View details

Nightclub Property with Wet Bar

1915 US-9, Halfmoon, NY 12065

$2,795,000

3,794 SF

View details

Two-Family Duplex with Sunroom

304 Grooms Rd, Halfmoon, NY 12065

$575,000

2,444 SF

View details

Two-Unit Duplex with Garages

113 Woodin Road, Halfmoon, NY 12065

$549,000

2,865 SF

View details

Flex Space with Loading Dock

77 Solar Dr, Halfmoon, NY 12065

Contact for pricing

6,222 SF

View details

Frequently Asked Questions

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.