Warehouse with Loading
New
For Sale
$5,100,000
53 Carey Rd, Queensbury, NY 12804
The facility combines warehouse space with dedicated office area and three-phase power.
Property Size63,146 SF
Lot Size4.70 Acres
Days on Market2
Property Features for 53 Carey Rd
General Information
Standard status
Active
Size
63,146 SF
Lot size
4.70 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
32 ft
Warehouse Space
63,140 SF
Office Build-Out
4,000 SF
Dock-High Doors
8
Three-Phase Power
Yes
Additional Details
Asking Price
$5,100,000
Highway Access
Yes
Building Details
Building Size
63,146 SF
Year Built
1999
Listed By:
Tyler Culberson, SIOR
(518) 618-0590
Source:
Standardbrokerageco
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:22AM
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 Tyler Culberson, SIOR
Investment Insights
Based on property information with market context.
This 63,140-square-foot warehouse facility on 4.7 acres includes approximately 4,000 square feet of office space. Eight loading docks support freight handling, while clear heights range from 26 to 32 feet. The building also has LED lighting and three-phase power. Built in 1999, the property is offered for sale or lease.
The site is less than 1 mile from I-87 Exit 18. Its configuration supports warehouse, distribution, manufacturing, or owner-user operations.
The site is less than 1 mile from I-87 Exit 18. Its configuration supports warehouse, distribution, manufacturing, or owner-user operations.
Key Highlights
- 63,140 SF warehouse on 4.7 acres
- Eight loading docks
- 26'–32' clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$390,542
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,810,840
$7.8M
Cap Rate 7%
$5,579,171
$5.6M
Cap Rate 9%
$4,339,356
$4.3M
Market Conditions
NOI Build-Up for 63,146 SF
Gross rent
$598.6K $9.48/SF
− Vacancy
−$40.7K −$0.64/SF
EGI
$557.9K $8.84/SF
− OpEx
−$167.4K −$2.65/SF
NOI
$390.5K $6.18/SF
Area
Warren County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,810,840
Cap Rate 7%
$5,579,171
Cap Rate 9%
$4,339,356
Alternative Uses
Best Use
Warehouse
$6.77M
$5.93M – $7.90M
NOI $474,230 @ 7.0% cap · market cap 9.30%
Second Best
Industrial
$5.58M
$4.88M – $6.51M
NOI $390,542 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$18.90M
$16.54M – $22.05M
NOI $1,323,035 @ 7.0% cap · market cap 25.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
32 ft
Clear height
8
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12804, NY
27,790
Population
13,287
Households
2.1
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
54.7 sq mi
ZIP Area
508
Density / Sq Mi
$90,074
Median Household Income
$50,368
Median Earnings
$1,209
Median Rent
$284,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - The facility combines warehouse space with dedicated office area and three-phase power.
Where is this warehouse located?
The property is located at 53 Carey Rd Queensbury, NY.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: 63,140 SF warehouse on 4.7 acres; Eight loading docks; 26'–32' clear heights
