Warehouse with Dock-High
For Sale
Contact for pricing
291 Wolf Rd, Latham, NY 12110
Built in 2015, the warehouse features six loading docks with levelers, one 12’ overhead door, and a small office component.
Property Size30,984 SF
Lot Size2.00 Acres
Price / SF$145.24
Days on Market232
Property Features for 291 Wolf Rd
General Information
Standard status
Active
Size
30,984 SF
Lot size
2.00 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
30 ft
Dock-High Doors
6
Drive-In Doors
1
Sprinkler System
Yes
Amenities
breakroom
Building Details
Year Built
2015
Listing Agency:
CBRE | Albany
(518) 452-2700
Listed By:
Kyle Rueckert · License #10301211707
(518) 257-0430
Source:
Moodyscre
Added: Jan 29
Changed: Sep 6
Last Checked: Sep 18 at 9:55AM
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
Investment Insights
Based on property information with market context.
This built-in-2015 warehouse offers a practical loading configuration with six loading docks equipped with levelers plus a 12’ overhead door at grade. The facility includes a 30’ ceiling height and a wet sprinkler system, supporting straightforward day-to-day operations. A small office component with a breakroom is included within the building.
The property is situated on a 2-acre site and is available for sale.
The interior clear height and loading access are well suited for users seeking efficient truck receiving alongside onsite administrative space.
The property is situated on a 2-acre site and is available for sale.
The interior clear height and loading access are well suited for users seeking efficient truck receiving alongside onsite administrative space.
Key Highlights
- Built in 2015 warehouse on a 2‑acre site
- Six loading docks with levelers for efficient loading and unloading
- One 12’ overhead door at grade
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
$353,456
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
7.85%
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%
$7,069,120
$7.1M
Cap Rate 7%
$5,049,371
$5.0M
Cap Rate 9%
$3,927,289
$3.9M
Market Conditions
NOI Build-Up for 30,984 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
$446.2K $14.40/SF
− Vacancy
−$30.3K −$0.98/SF
EGI
$415.8K $13.42/SF
− OpEx
−$62.4K −$2.01/SF
NOI
$353.5K $11.41/SF
Area
Albany County, NY
Vacancy
6.80%
Lease Rate
$14.40 /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%
$7,069,120
Cap Rate 7%
$5,049,371
Cap Rate 9%
$3,927,289
Alternative Uses
Best Use
Warehouse
$5.05M
$4.42M – $5.89M
NOI $353,456 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.67M
$8.46M – $11.28M
NOI $676,786 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
30 ft
Clear height
6
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12110, NY
19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Prime Storage — 724 Watervliet Shaker Rd, Latham, NY 12110
Frequently Asked Questions
What type of property is this?
Warehouse - Built in 2015, the warehouse features six loading docks with levelers, one 12’ overhead door, and a small office component.
Where is this warehouse located?
The property is located at 291 Wolf Rd Latham, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Built in 2015 warehouse on a 2‑acre site; Six loading docks with levelers for efficient loading and unloading; One 12’ overhead door at grade
