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    11 Grandoe Ln Gloversville, NY 12078

    For Sale
    $800,000

    77,867 SF Warehouse, 2.1 Acres, NNN Lease

    Property size:
    77,867 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 77,867-square-foot industrial property presents a compelling investment opportunity. Situated on a 2.1-acre lot in Gloversville, New York, this three-story warehouse boasts a prime location with convenient access to State Highway 30A. Built in 1960, the building is zoned for light manufacturing, offering versatility for a range of industrial uses. The property features two loading docks and three drive-in doors, ensuring efficient loading and unloading operations. The asking price is $800,000, translating to a price per square foot of $10.27. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for property taxes, insurance, and maintenance. This single-tenancy building offers a significant opportunity for investors seeking a strong return on investment in a strategically located industrial asset. The property's size, location, and features make it an ideal choice for businesses requiring substantial warehouse space and convenient access to major transportation routes. The building's solid construction and versatile zoning further enhance its appeal. Don't miss this chance to acquire a well-positioned industrial property in a growing market.

    Property Features for 11 Grandoe Ln

    General Information

    Property type
    Distribution properties
    Square Feet
    77,867 SF
    Lot Size
    91,476 SF

    Building Details

    Year Built
    1960
    Stories
    3

    HighLights

    • $800,000 asking price for this industrial property.
    • 77,867 square foot building with a $10.27/SF price.
    • NNN lease, single tenant occupancy.
    • Three‑story building constructed in 1960.
    • Light manufacturing zoning.
    • 2.1‑acre lot with 2 loading docks and 3 dock‑high doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloversville
    County
    Fulton
    State
    New York
    Longitude
    -74.3395349
    Latitude
    43.0659868

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    FAQs

    What type of property is this?
    Distribution property - 77,867 SF Warehouse, 2.1 Acres, NNN Lease
    Where is this distribution property located?
    The property is located at 11 Grandoe Ln Gloversville, 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: $800,000 asking price for this industrial property.; 77,867 square foot building with a $10.27/SF price.; NNN lease, single tenant occupancy.
    Request Owner's contact information
    11 Grandoe Ln Gloversville, NY 12078
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    Gloversville, NY 12078
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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
    11 Grandoe Ln Gloversville, NY 12078
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