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    Zicha Rd Howes Cave, NY 12157

    Sponsored
    For Sale
    Contact for pricing

    Massive industrial warehouse, 100 acres, high cap rate.

    Property size:
    1,000,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,000,000-square-foot warehouse opportunity sits on a sprawling 100-acre lot in Schoharie County, New York, specifically located at 1 Zicha Road, Schoharie, NY 12157. The property boasts a highly desirable Commercial/Industrial zoning designation, allowing for a wide range of industrial uses, excluding heavy manufacturing. The asking price is $100,000,000, representing a compelling 7.00% capitalization rate. This property offers significant potential for immediate development or long-term investment. The site includes outdoor truck parking with a special use permit. As-of-right development allows for the construction of a 1,000,000 square foot warehouse. A custom-built warehouse could be constructed for an asking price of $110 per square foot, with a 24-month build-out. The property benefits from a strategic location, neighboring a 500,000-square-foot warehouse in a hybrid development and situated directly across the street from a new Flying J Truck Stop. This prime location offers excellent access to transportation and logistics networks, making it an ideal site for various industrial operations. The property is situated in Howes Cave, NY.

    Property Features for 0 Zicha Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    1,000,000 SF
    Lot Size
    4,356,000 SF

    HighLights

    • 100‑acre lot with 1,000,000 SF warehouse potential; Commercial/Industrial zoning.
    • $100,000,000 asking price, 7.00% cap rate.
    • As‑of‑right development allows for a 1,000,000 SF warehouse.
    • $110/SF construction cost for a custom‑built warehouse, 24‑month build‑out.
    • Adjacent to a 500,000 SF warehouse and across from a new Flying J Truck Stop.
    • Includes outdoor truck parking with special use permit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Howes Cave
    County
    Schoharie
    State
    New York
    Longitude
    -74.3162276
    Latitude
    42.7190109

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    FAQs

    What type of property is this?
    Distribution property - Massive industrial warehouse, 100 acres, high cap rate.
    Where is this distribution property located?
    The property is located at Zicha Rd Howes Cave, NY.
    What is the asking price?
    The asking price for this property is $100,000,000.
    What are key features of this property?
    This property features: 100-acre lot with 1,000,000 SF warehouse potential; Commercial/Industrial zoning.; $100,000,000 asking price, 7.00% cap rate.; As-of-right development allows for a 1,000,000 SF warehouse.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Zicha Rd Howes Cave, NY 12157
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