Watervliet Service Building For
For Sale
$585,000
411 19th Street, Watervliet, NY 12189
4920 sq. ft. service building suitable for multiple businesses.
Property Size4,920 SF
Price / SF$118.90
Days on Market185
Property Features for 411 19th Street
General Information
Standard status
Active
Size
4,920 SF
Property subtype
Business
Building Details
Building Size
4,920 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Apr 9
Changed: Sep 14
Last Checked: Oct 9 at 4:12PM
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This 4920 sq. ft. service building is located in the heart of Watervliet. The property currently houses a long-standing radiator service business and is suitable for multiple types of businesses. The original building features ceiling heights of 8' to 10' and one overhead door. A high bay building addition, constructed in 1988, includes 18' to 20' ceilings and two 14' x 12' overhead doors. The property includes three overhead doors in total. Renovation funds may be available for a new owner through the 19th Street Renovation Funds (NY Forward Program). The property can be transformed into many types of business, offering endless options.
Key Highlights
- 4920 sq.ft. service building suitable for multiple business types.
- High Bay building addition (built in 1988) with 18'-20' ceilings and two 14' x 12' overhead doors.
- Located in the heart of Watervliet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,221
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,420
$924.4K
Cap Rate 7%
$660,300
$660.3K
Cap Rate 9%
$513,567
$513.6K
Market Conditions
NOI Build-Up for 4,920 SF
Gross rent
$70.8K $14.40/SF
− Vacancy
−$4.8K −$0.98/SF
EGI
$66.0K $13.42/SF
− OpEx
−$19.8K −$4.03/SF
NOI
$46.2K $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%
$924,420
Cap Rate 7%
$660,300
Cap Rate 9%
$513,567
Alternative Uses
Best Use
Retail
$848.4K
$742.4K – $989.8K
NOI $59,388 @ 7.0% cap · market cap 10.15%
Second Best
Industrial
$660.3K
$577.8K – $770.4K
NOI $46,221 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,468 @ 7.0% cap · market cap 18.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
120k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 38%
Groceries 21%
Electronics 1%
Price Chopper Supermarkets
Groceries
25,379 visits/mo
0.1 miles
McDonald's
Dining
19,505 visits/mo
0.3 miles
Dollar Tree
Shops & Services
9,782 visits/mo
0.2 miles
Family Dollar
Shops & Services
9,024 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,622 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - 4920 sq. ft. service building suitable for multiple businesses.
Where is this auto shop located?
The property is located at 411 19th Street Watervliet, NY.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 4920 sq.ft. service building suitable for multiple business types.; High Bay building addition (built in 1988) with **18'-20' ceilings** and **two 14' x 12' overhead doors**.; Located in the heart of Watervliet.
