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    2283 Helderberg Trl Berne, NY 12023

    For Sale
    $500,000

    High-Return Storage Facility, Expansion Potential

    Property size:
    315,810 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional business opportunity presents a 315,810-square-foot property located at 2283 Helderberg Trail, Berne, NY 12023, in Albany County. Currently operating as a storage facility, this expansive site offers significant potential for increased profitability and diverse business applications. The asking price is $500,000, translating to $1.58 per square foot, and boasts a current cap rate of 10.15%, with projections indicating a potential increase to 15% through optimized utilization of existing structures. The property includes multiple buildings with concrete floors and power: two 28x60 foot structures, one 30x60 foot structure, one 30x75 foot structure, and one 50x60 foot structure. Additional buildings include a 10x60 foot structure, a horse stable with corral, and a large heated shop building featuring a one-bedroom living area and a separate restroom. The property sits on ample acreage allowing for substantial expansion. The current net annual income exceeds $50,000, with projections of $70,000-$100,000 annually with improved utilization of existing buildings. Built in 1970, this property presents a rare chance to acquire a substantial, income-generating asset with significant upside potential. The property is zoned for business use only.

    Property Features for 2283 Helderberg Trl

    General Information

    Property type
    Investment properties
    Square Feet
    315,810 SF

    Building Details

    Year Built
    1970

    HighLights

    • 315,810 SF property at 2283 Helderberg Trail, Berne, NY 12023 (Albany County).
    • $500,000 asking price ($1.58/SF); 10.15% current cap rate, projected to 15%.
    • Multiple buildings totaling 315,810 SF with concrete floors and power; includes heated shop with living area.
    • Currently operating as a storage facility with $50,000+ net annual income; projections of $70,000-$100,000 with improved utilization.
    • Business zoning; ample acreage for expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunter Spring Enterprises Bottled Water Supplier

    Suggested Use

    Restaurant Wholesale Shop Bike Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berne
    County
    Albany
    State
    New York
    Longitude
    -74.185054
    Latitude
    42.6333079

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    FAQs

    What type of property is this?
    Investment property - High-Return Storage Facility, Expansion Potential
    Where is this investment property located?
    The property is located at 2283 Helderberg Trl Berne, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 315,810 SF property at 2283 Helderberg Trail, Berne, NY 12023 (Albany County).; $500,000 asking price ($1.58/SF); 10.15% current cap rate, projected to 15%.; Multiple buildings totaling 315,810 SF with concrete floors and power; includes heated shop with living area.
    Request Owner's contact information
    2283 Helderberg Trl Berne, NY 12023
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    Berne, NY 12023
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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
    2283 Helderberg Trl Berne, NY 12023
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