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 Market137
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:
Scott Film Realty LLC
(518) 489-9199
Listed By:
Pyramid Brokerage Albany · License #49FI0903791
(518) 489-9199
Source:
Pyramidbrokerage
Added: Apr 9
Changed: Aug 23
Last Checked: Aug 23 at 6:14AM
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 Scott Film Realty LLC
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 = 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
$46,221
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
7.90%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Good Year Tires — Watervliet, NY 12189
- Valvoline — Jefferson St, Troy, NY 12180
- Lenny’s Auto — 1205 5th Ave, Watervliet, NY 12189
- Mamone's Auto Body — 1261 Broadway B, Watervliet, NY 12189
- Kennedys Towing Equipment — 267 3rd St, Troy, NY 12180
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.
