Fully Leased Industrial
For Sale
Contact for pricing
Pending
2261 Western Turnpike, Duanesburg, NY 12056
A 2007-built industrial facility with 23-foot clear heights, six drive-in doors, and about 19% office buildout.
Property Size10,515 SF
Lot Size5.32 Acres
Days on Market193
Property Features for 2261 Western Turnpike
General Information
Standard status
Pending
Size
10,515 SF
Lot size
5.32 Acres
Property subtype
Industrial
Zoning
C-1
Occupancy
100%
Investment Type
Stabilized
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
23 ft
Drive-In Doors
6
Building Details
Year Built
2007
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License #0225268974
Source:
Crexi
Added: Feb 24
Changed: Aug 23
Last Checked: Aug 14 at 7:34AM
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 IronHorn Enterprises
Investment Insights
Based on property information with market context.
2261 Western Turnpike is a fully leased industrial building constructed in 2007, offering a modern warehouse and light industrial layout on a 5.32-acre parcel. The facility includes 23’ clear heights and six drive-in doors, with approximately 19% office buildout to support office functions alongside industrial operations.
The property is positioned along Route 20 (Western Turnpike) in Duanesburg, New York, with convenient access to I-88 and I-90 (NYS Thruway). This highway connectivity supports distribution and service activity across Albany, Schenectady, and the broader Capital Region.
With its combination of functional warehouse clear height, multiple drive-in doors, and meaningful office component, the building is suited to a range of industrial and service-oriented uses while also offering room on-site given the size of the parcel.
The property is positioned along Route 20 (Western Turnpike) in Duanesburg, New York, with convenient access to I-88 and I-90 (NYS Thruway). This highway connectivity supports distribution and service activity across Albany, Schenectady, and the broader Capital Region.
With its combination of functional warehouse clear height, multiple drive-in doors, and meaningful office component, the building is suited to a range of industrial and service-oriented uses while also offering room on-site given the size of the parcel.
Key Highlights
- 2007‑built 10,515 SF industrial building in Duanesburg, NY
- 5.32‑acre parcel with 23’ clear heights for flexible warehouse use
- Six drive‑in doors for loading and distribution operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,968
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,579,360
$1.6M
Cap Rate 7%
$1,128,114
$1.1M
Cap Rate 9%
$877,422
$877.4K
Market Conditions
NOI Build-Up for 10,515 SF
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.
Gross rent
$99.7K $9.48/SF
− Vacancy
−$6.8K −$0.64/SF
EGI
$92.9K $8.84/SF
− OpEx
−$13.9K −$1.33/SF
NOI
$79.0K $7.51/SF
Area
Schenectady 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,579,360
Cap Rate 7%
$1,128,114
Cap Rate 9%
$877,422
Alternative Uses
Best Use
Warehouse
$1.13M
$987.1K – $1.32M
NOI $78,968 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,310 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23 ft
Clear height
6
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12056, NY
2,192
Population
805
Households
2.7
Avg Household Size
50
Median Age
33%
College-Educated
99%
High-School Grad
18.8 sq mi
ZIP Area
117
Density / Sq Mi
$117,652
Median Household Income
$82,545
Median Earnings
$1,277
Median Rent
$346,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Superior Storage — 2054 Western Turnpike, Duanesburg, NY 12056
Frequently Asked Questions
What type of property is this?
Warehouse - A 2007-built industrial facility with 23-foot clear heights, six drive-in doors, and about 19% office buildout.
Where is this warehouse located?
The property is located at 2261 Western Turnpike Duanesburg, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 2007‑built 10,515 SF industrial building in Duanesburg, NY; 5.32‑acre parcel with 23’ clear heights for flexible warehouse use; Six drive‑in doors for loading and distribution operations
