Industrial Warehouse With Development
2795 State Route 9, Ballston Spa, NY 12020
For Sale
$999,000
Pending
Warehouse property with existing tenants, additional occupancy capacity, and PDD zoning supporting multiple commercial and industrial uses.
Property Size11,250 SF
Lot Size10.23 Acres
Days on Market163
Property Features for 2795 State Route 9
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Road Frontage
Road Access
Utilities to Site
Additional Details
Warehouse Space
Land Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Signature One Realty Group LLC
(518) 639-4663
Listed By:
Genevieve Suguitan
(518) 527-9807
Source:
Exprealty
Added: Jun 5
Changed: Nov 4
Last Checked: Nov 12 at 10:12AM
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 Signature One Realty Group LLC
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Investment Insights
Based on property information with market context.
The property comprises 10.23 acres with an 11,250 SF warehouse and established tenants in place. Approximately 2,500 SF is expected to become available for owner occupancy or lease-up. Well and septic infrastructure are available, adding to the site's existing functional improvements.
Located at 2795 State Route 9 in Ballston Spa, the property provides 251' of road frontage. PDD (Planned Development District) zoning supports commercial, industrial, office, research, manufacturing, warehouse, distribution, mixed-use, and planned development uses, subject to municipal approvals and applicable zoning requirements. The property may also be acquired with the adjoining 8.89-acre parcel, creating a combined tract of over 19 acres.
Located at 2795 State Route 9 in Ballston Spa, the property provides 251' of road frontage. PDD (Planned Development District) zoning supports commercial, industrial, office, research, manufacturing, warehouse, distribution, mixed-use, and planned development uses, subject to municipal approvals and applicable zoning requirements. The property may also be acquired with the adjoining 8.89-acre parcel, creating a combined tract of over 19 acres.
Key Highlights
- 10.23‑acre industrial property with an 11,250 SF warehouse
- Approximately 2,500 SF expected to become available for occupancy or lease‑up
- Established tenants are already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,488
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,760
$1.7M
Cap Rate 7%
$1,206,971
$1.2M
Cap Rate 9%
$938,756
$938.8K
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$106.7K $9.48/SF
− Vacancy
−$7.3K −$0.64/SF
EGI
$99.4K $8.84/SF
− OpEx
−$14.9K −$1.33/SF
NOI
$84.5K $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%
$1,689,760
Cap Rate 7%
$1,206,971
Cap Rate 9%
$938,756
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,488 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,710 @ 7.0% cap · market cap 23.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12020, NY
34,667
Population
15,787
Households
2.2
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
75.6 sq mi
ZIP Area
459
Density / Sq Mi
$101,727
Median Household Income
$59,730
Median Earnings
$1,562
Median Rent
$299,600
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Saratoga County, NY
Properties on Market for Warehouses in Saratoga County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with existing tenants, additional occupancy capacity, and PDD zoning supporting multiple commercial and industrial uses.
Where is this warehouse located?
The property is located at 2795 State Route 9 Ballston Spa, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 10.23‑acre industrial property with an 11,250 SF warehouse; Approximately 2,500 SF expected to become available for occupancy or lease‑up; Established tenants are already in place
