Class A Warehouse with
For Sale
Contact for pricing
232 Industrial Park Dr, Frankfort, NY 13340
Class A warehouse and office building with 32' clear height, ESFR sprinklers, and dock and grade level doors.
Property Size141,072 SF
Lot Size26.10 Acres
Price / SF$85.06
Days on Market436
Property Features for 232 Industrial Park Dr
General Information
Standard status
Active
Size
141,072 SF
Class
A
Total Parking Spaces
205
Lot size
26.10 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
32 ft
Dock-High Doors
8
Drive-In Doors
3
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
1998
Year Renovated
2002
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Albany
(518) 954-9160
Listed By:
Jeffrey D’Amore, SIOR
(518) 954-9160
Source:
Moodyscre
Added: May 22, 2025
Changed: Jul 21
Last Checked: Jul 21 at 1:08AM
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 Cushman & Wakefield | Pyramid Brokerage - Albany
Investment Insights
Based on property information with market context.
An entire Class A industrial facility is available for sale or lease, combining warehouse space with dedicated office space. The property totals 141,072 square feet across 26.1 acres, built in 1998 with a warehouse expansion completed in 2002. Warehouse features include 32' clear height and an ESFR sprinkler system, along with 8 dock doors and 3 grade level doors. Additional site and utility attributes include 205 car parking spaces, 2,000 amps of 480/277 volt 3-phase power, and municipal water and sewer with natural gas service.
The building is described as conveniently located with access to Route 5S and the NYS Thruway (I-90).
The building is described as conveniently located with access to Route 5S and the NYS Thruway (I-90).
Key Highlights
- Class A warehouse and office building totaling 141,072 SF on 26.1 acres (100,000 SF warehouse and 41,072 SF office).
- 32' clear height with ESFR sprinkler system.
- Loading includes 8 dock doors and 3 grade level doors.
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 | $1.34M | $9.48 |
| − Vacancy | −$90.9k | −$0.64 |
| EGI | $1.25M | $8.84 |
| − OpEx | −$187.0k | −$1.33 |
| NOI | $1.06M | $7.51 |
141,072 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$25.39M
$22.22M – $29.63M
NOI $1,777,507 @ 7.0% cap · market cap 14.81%
Second Best
Warehouse
$15.14M
$13.24M – $17.66M
NOI $1,059,459 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$37.18M
$32.53M – $43.37M
NOI $2,602,271 @ 7.0% cap · market cap 21.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
32 ft
Clear height
8
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13340, NY
7,652
Population
3,427
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
60.3 sq mi
ZIP Area
127
Density / Sq Mi
$69,928
Median Household Income
$44,464
Median Earnings
$872
Median Rent
$143,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Class A warehouse and office building with 32' clear height, ESFR sprinklers, and dock and grade level doors.
Where is this warehouse located?
The property is located at 232 Industrial Park Dr Frankfort, NY.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Class A warehouse and office building totaling 141,072 SF on 26.1 acres (100,000 SF warehouse and 41,072 SF office).; 32' clear height with ESFR sprinkler system.; Loading includes 8 dock doors and 3 grade level doors.
