Refrigerated Cold Storage
For Sale
$3,400,000
217 Edie Road, Saratoga Springs, NY 12866
Climate-controlled warehouse with freezer, cooler, office, dock, and grade-level loading capabilities.
Property Size38,820 SF
Lot Size12.48 Acres
Price / SF$87.58
Days on Market47
Property Features for 217 Edie Road
General Information
Standard status
Active
Size
38,820 SF
Total Parking Spaces
65
Lot size
12.48 Acres
Property subtype
Industrial
Occupancy
100%
Warehouse & Industrial
Clear Height
24 ft
Warehouse Space
35,707 SF
Office Build-Out
3,113 SF
Dock-High Doors
8
Drive-In Doors
2
Rail Access
Yes
Power
1,200 amps
Three-Phase Power
Yes
Cold Storage
Yes
Cold Storage Area
6,000 SF
Additional Details
Utilities to Site
Yes
Building Details
Buildings
1
Building Size
38,820 SF
Tenancy
Single
Listing Agency:
CBRE - Albany
Listed By:
Dan Simpson · License #Associate Real Estate Broker
(518) 365-0990
Source:
Cbre
Added: Sep 6
Changed: Oct 22
Last Checked: Oct 20 at 6:23PM
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
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Investment Insights
Based on property information with market context.
This refrigerated and cold storage facility contains approximately 38,820 SF, including about 35,707 SF of warehouse space and 3,113 SF of office area. The warehouse includes roughly 6,000 SF of freezer and cooler space, with both dry storage and climate-controlled areas. Clear heights range from 21 to 24 feet. Loading improvements include eight trailer-height docks, one ramped dock, and two grade-level doors measuring 12’ x 14’ and 12’ x 16’. The building also has three-phase, 1200 amps power and approximately 65 parking spaces.
The 12.48-acre site is served by a private well and two septic systems, including a grinder pump and oil/water separator. Additional site improvements include a 2,000-gallon above-ground fueling station. The property is located on an active spur for Canadian-Pacific and is subject to an NNN lease through January 2029.
The 12.48-acre site is served by a private well and two septic systems, including a grinder pump and oil/water separator. Additional site improvements include a 2,000-gallon above-ground fueling station. The property is located on an active spur for Canadian-Pacific and is subject to an NNN lease through January 2029.
Key Highlights
- ±38,820 SF building on a ±12.48 Acre site
- ±35,707 SF warehouse with ±3,113 SF office space
- ±6,000 SF of freezer/cooler space plus dry storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$291,540
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,830,800
$5.8M
Cap Rate 7%
$4,164,857
$4.2M
Cap Rate 9%
$3,239,333
$3.2M
Market Conditions
NOI Build-Up for 38,820 SF
Gross rent
$368.0K $9.48/SF
− Vacancy
−$25.0K −$0.64/SF
EGI
$343.0K $8.84/SF
− OpEx
−$51.4K −$1.33/SF
NOI
$291.5K $7.51/SF
Area
Saratoga County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,830,800
Cap Rate 7%
$4,164,857
Cap Rate 9%
$3,239,333
Alternative Uses
Best Use
Warehouse
$4.16M
$3.64M – $4.86M
NOI $291,540 @ 7.0% cap · market cap 8.57%
Second Best
Industrial
$3.43M
$3.00M – $4.00M
NOI $240,092 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$11.62M
$10.17M – $13.56M
NOI $813,357 @ 7.0% cap · market cap 23.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
24 ft
Clear height
8
Dock-high doors
2
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
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Business Placement
Demographics for 12866, NY
40,355
Population
20,462
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
628
Density / Sq Mi
$98,374
Median Household Income
$53,265
Median Earnings
$1,460
Median Rent
$419,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Climate-controlled warehouse with freezer, cooler, office, dock, and grade-level loading capabilities.
Where is this refrigerated & cold storage located?
The property is located at 217 Edie Road Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: ±38,820 SF building on a ±12.48 Acre site; ±35,707 SF warehouse with ±3,113 SF office space; ±6,000 SF of freezer/cooler space plus dry storage
