406 9th Avenue, Watervliet, NY 12189

Building Details

Building Size 6,000 SF More

Year Built 1970 More

Buildings 2 More

Listing Agency: Venture Fox Realty Group LLC s***@venturefoxrealty.com Show Phone

Listed By: Jesse Guyer · License #10401279383 Show Phone

Source: Davalarealestate

Added: Oct 4 Changed: Nov 7 Last Checked: Nov 7 at 3:14PM

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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 Venture Fox Realty Group LLC

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

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Investment Insights

Based on property information with market context.

This 6,000-square-foot flex property comprises multiple buildings and was constructed in 1970. Climate-controlled high-clearance bays support indoor operations, while drive-in access allows vehicles and equipment to enter the buildings. The site is zoned Commercial.

A paved outdoor lot provides space for vehicle parking, staging, equipment storage, and freight loading or unloading. The property is located at 406 9th Avenue in Watervliet, New York.

Key Highlights

• 6,000‑square‑foot multi‑building flex complex
• Climate‑controlled high‑clearance bays
• Drive‑in access for vehicles and equipment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,367

Cap Rate

8.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,127,340 $1.1M

Cap Rate 7%

$805,243 $805.2K

Cap Rate 9%

$626,300 $626.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$86.4K $14.40/SF

− Vacancy

−$5.9K −$0.98/SF

EGI

$80.5K $13.42/SF

− OpEx

−$24.2K −$4.03/SF

NOI

$56.4K $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%

$1,127,340

Cap Rate 7%

$805,243

Cap Rate 9%

$626,300

Alternative Uses

Best Use

Industrial

$805.2K

$704.6K – $939.5K (±1% cap)

NOI $56,367 @ 7.0% cap · market cap 8.35%

Second Best

Flex RnD

$793.9K

$694.7K – $926.3K (±1% cap)

NOI $55,575 @ 7.0% cap · market cap 8.23%

Theoretical Best

Office A

$1.87M

$1.64M – $2.18M (±1% cap)

NOI $131,058 @ 7.0% cap · market cap 19.42%

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

Diamond Facility Services General Contractor

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage Electrical Service Kitchen & Bath Showroom

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

230

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 12189, NY

18,970

Population

9,887

Households

1.9

Avg Household Size

39

Median Age

27%

College-Educated

92%

High-School Grad

6.2 sq mi

ZIP Area

3,060

Density / Sq Mi

$62,763

Median Household Income

$48,555

Median Earnings

$1,084

Median Rent

$199,600

Median Home Value

Market

Average Price Trend$/SF for Flex space in Albany County, NY

$84.86 Jul

$87.09 Aug

$102 Sep

$111 Oct

Properties on Market for Flex space in Albany County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A multi-building commercial complex offers drive-in access and paved outdoor space for parking, staging, and loading.

Where is this flex space located?

The property is located at 406 9th Avenue Watervliet, NY.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 6,000‑square‑foot multi‑building flex complex; Climate‑controlled high‑clearance bays; Drive‑in access for vehicles and equipment