Listed By: Dan Davitt · License #Associate Real Estate Broker Show Phone

Source: Cbre

Added: Mar 25 Changed: Oct 25 Last Checked: Nov 1 at 2:37AM

Report an Issue

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 Dan Davitt

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property offers a ±7,163 SF warehouse building available for lease, featuring an oversized parking lot and yard area. The clear-span warehouse includes showroom and office spaces, making it suitable for recreational sports, light manufacturing, processing, assembly, sales-service operations, contractors, or an artist studio. The building comprises approximately ±5,800 SF of warehouse space and ±1,363 SF of office space, with an ±18’ center height. It is equipped with two dock doors and one door at grade level. The paved lot provides approximately ±30 parking spaces, along with additional yard area. The property is located in close proximity to public amenities such as the Albany County Rail Trail, the post office, and the Voorheesville Public Library. Nearby commercial establishments include Northern Barrel, Pretty Alright Breakfast Club, The Village Laundryroom laundromat, IGrind365 Gym, Gio Culinary Studio, Hannaford, and Voorheesville Wine and Liquor.

Key Highlights

• ±7,163 SF warehouse building with ±5,800 SF warehouse and ±1,363 SF of office space.
• Oversized parking lot/yard area with ±30 spaces.
• Versatile space suitable for recreational sport, light manufacturing, processing, assembly, sales‑service operations, contractors, or artist studio.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,293

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,345,860 $1.3M

Cap Rate 7%

$961,329 $961.3K

Cap Rate 9%

$747,700 $747.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 7,163 SF

Gross rent

$103.1K $14.40/SF

− Vacancy

−$7.0K −$0.98/SF

EGI

$96.1K $13.42/SF

− OpEx

−$28.8K −$4.03/SF

NOI

$67.3K $9.39/SF

Area

Albany County, NY

Vacancy

6.80%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,345,860

Cap Rate 7%

$961,329

Cap Rate 9%

$747,700

Alternative Uses

Best Use

Office B

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,625 @ 7.0% cap · market cap 1,111,809.05%

Second Best

Warehouse

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,713 @ 7.0% cap · market cap 821,236.18%

Theoretical Best

Office A

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,462 @ 7.0% cap · market cap 1,572,482.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Old Goat Wood ... Building Supply

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Dental Office Law Firm Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

170

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 12186, NY

6,485

Population

2,718

Households

2.4

Avg Household Size

46

Median Age

52%

College-Educated

96%

High-School Grad

33.1 sq mi

ZIP Area

196

Density / Sq Mi

$116,053

Median Household Income

$49,267

Median Earnings

$1,132

Median Rent

$338,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Recently Built Restaurant With Patio

42 S Main St, Voorheesville, NY 12186

Contact for pricing

4,976 SF

View details

Two-Unit Duplex

1 S Main Street, Voorheesville, NY 12186

$299,000

3,648 SF

View details

Two-Residence Duplex Property

2764 New Scotland Road, Voorheesville, NY 12186

$549,900

2,598 SF

View details

Similar Off Market Nearby

• Storage Sense - Voorheesville — 62 Voorheesville Ave, Voorheesville, NY 12186

Frequently Asked Questions

What type of property is this?

Warehouse - 7,163 SF warehouse with office space and parking.

Where is this warehouse located?

The property is located at 28 South Main Street Voorheesville, NY.

What are key features of this property?

This property features: ±7,163 SF warehouse building with ±5,800 SF warehouse and ±1,363 SF of office space.; Oversized parking lot/yard area with ±30 spaces.; Versatile space suitable for recreational sport, light manufacturing, processing, assembly, sales‑service operations, contractors, or artist studio.