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    Red Mill Rd Rensselaer, NY 12144

    Sponsored
    For Sale
    $800,000

    5.1 Acres, I-90 Access, $800K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.1-acre commercial land parcel presents a unique investment opportunity in Rensselaer County, New York. Located on Red Mill Road in East Greenbush, this property boasts convenient access to Interstate 90, making it an ideal site for a corporate or regional office building. The land is zoned OC, offering flexibility for various commercial developments. The asking price is $800,000, translating to a land value of $3.60 per square foot. Public water access is available at the Route 4 and Route 151 intersection. While the listing currently encompasses 5.1 acres, the seller indicates that up to 12.6 acres may be available for purchase. This prime location offers excellent visibility and accessibility, making it a highly desirable site for businesses seeking a strategic presence in the region. The property's zoning and proximity to major transportation routes contribute to its significant potential for future development and strong return on investment. Detailed information regarding the availability of additional acreage can be obtained through the appropriate channels. The property's address is Red Mill Rd, East Greenbush, NY 12144.

    Property Features for 0 Red Mill Rd

    General Information

    Property type
    Land
    Lot Size
    222,156 SF

    HighLights

    • Excellent highway accessibility.
    • Zoned for Office/Commercial use.
    • Expansion potential with additional acreage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rensselaer
    County
    Rensselaer
    State
    New York
    Longitude
    -73.7222255
    Latitude
    42.6250933

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    FAQs

    What type of property is this?
    Land - 5.1 Acres, I-90 Access, $800K
    Where is this land located?
    The property is located at Red Mill Rd Rensselaer, NY.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Excellent highway accessibility.; Zoned for Office/Commercial use.; Expansion potential with additional acreage available.
    (518) 810-4203
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    Red Mill Rd Rensselaer, NY 12144
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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
    Red Mill Rd Rensselaer, NY 12144
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