Industrial Property with Storage
192 Railroad Avenue, Delanson, NY 12053
Industrial property featuring three buildings and outdoor storage.
Type:Industrial
Property size:
13,500 SFLot size:
11.39 AcresPrice / SF:
$118/SF- Added:
- Mar 25, 2026
- Days on Market:
- 58
- Last Refresh:
- Mar 16 at 10:25 am
Property Features for 192 Railroad Avenue
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Lot size
- 11.39 Acres
- Property subtype
- Industrial
Listing agent Dan Davitt License #Associate Real Estate Broker
Listing office CBRE | Albany (518) 452-2700
Listing date Mar 25, 2026
Source Cbre
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 CBRE | Albany
HighLights
- NNN lease to Sunbelt Rentals Matting Division.
- ±11.39 Acres of industrial outside storage (IOS) property.
- Three buildings totaling ±13,500 SF (±7,000 SF, ±4,000 SF, ±2,500 SF).
- Large amount of space for parking/laydown/outdoor storage.
- Located ±4.7 mi off I‑88 (easy highway access).
- Heavy power: 208 volt/800 amp/3 phase.
Overview
The property at 192 Railroad Avenue in Delanson, NY, presents an opportunity to acquire a NNN lease to Sunbelt Rentals Matting Division. This industrial outside storage (IOS) property includes an approximately 4,000-square-foot and approximately 2,500-square-foot updated Sunbelt facility. An additional building of approximately 7,000 square feet is leased to a local storage tenant. The property is situated approximately 4.7 miles from I-88, accessible from I-88 Exit 24 to Route 7 (Duanesburg Rd) to East Shore Rd to Railroad Ave. The total building area is approximately 13,500 square feet, distributed across three buildings: approximately 7,000 square feet, approximately 4,000 square feet, and approximately 2,500 square feet. The property spans approximately 11.39 acres and features ceiling heights of 14 to 18 feet. It includes one canopy dock capable of supporting 5 trailers, along with 4 grade-level doors. The electrical system provides 208 volts, 800 amps, and 3-phase power. There is a large area available for parking, laydown, and outdoor storage.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$1.13M
NOI $101,386 @ 9.00% cap · cautious / downside scenario
Moderate
$1.45M
NOI $101,386 @ 7.00% cap · market / base-case scenario
Aggressive
$2.03M
NOI $101,386 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.0k | $9.48 |
| − Vacancy | −$8.7k | −$0.64 |
| EGI | $119.3k | $8.84 |
| − OpEx | −$17.9k | −$1.33 |
| NOI | $101.4k | $7.51 |
13,500 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,386 @ 7.0% cap · market cap 6.36%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,494 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$4.04M
$3.54M – $4.71M
NOI $282,852 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Sunbelt Rentals Ground ...
Building Supply
Location Insight
- Map
- Local Demand
- City
- Delanson
- County
- Schenectady
- State
- New York
- Longitude
- -74.184018
- Latitude
- 42.746144
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Industrial property featuring three buildings and outdoor storage.
Where is this warehouse located?
The property is located at 192 Railroad Avenue Delanson, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: NNN lease to Sunbelt Rentals Matting Division.; ±11.39 Acres of industrial outside storage (IOS) property.; Three buildings totaling ±13,500 SF (±7,000 SF, ±4,000 SF, ±2,500 SF).
