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    The Largest CRE Database in the US with Over 1 Million Listings

    14 Corporate Dr Halfmoon, NY 12065, NY 12065

    Sponsored
    For Lease
    $12 SF/Yr ($16,356 /Mo)

    16,356 SF Office Building, Available Suites

    Lot size:
    16,356 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    425
    This exceptional two-story office building, located at 14 Corporate Drive in Halfmoon, NY 12065, offers a total of 16,356 square feet of versatile space. Currently, approximately 15,060 square feet is available for lease, providing significant opportunities for businesses seeking a prominent location in a thriving area. The building features a traditional office design, ideal for a variety of professional uses. The available space is divided into multiple suites, offering flexibility for tenants of varying sizes. On the first floor, a large suite of approximately 2,897 square feet is available. The lower level offers even more options, with suites measuring approximately 3,405, 1,085, 1,667, and 1,256 square feet. Three of these lower-level suites can be combined to create a larger, contiguous space of approximately 3,009 square feet. This presents a unique opportunity to customize the space to perfectly fit your business needs. The building's location in Halfmoon, New York provides easy access to major transportation routes and amenities, making it an attractive option for businesses seeking a convenient and accessible location. This single-tenant building presents a rare opportunity to secure a substantial and well-situated office space in a desirable market. Inquire today to learn more about leasing options and explore the possibilities this property offers.

    Property Features for 14 Corporate Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,356 SF
    Total Rate
    16356

    Building Details

    Stories
    2

    Spaces For Lease

    at 14 Corporate Dr, Halfmoon, NY 12065, NY 12065 Contact us
    Unit

    $14 /Mo

    Size
    16,356 SF
    Contact us

    We can help!

    Listing Contact
    Tom Savino
    Tom Savino

    Learn more

    Property Insight Report

    HighLights

    • Good, affordable office space in a two‑story building totaling 16,356 square feet.
    • Ideal for startups and businesses of varying sizes, with flexible suite options.
    • Approximately 150 parking spaces available.
    • Located in the Capital Region Business Park, offering convenient access to amenities.
    • 0.04 miles from Halfmoon Parkway (Route 9).
    • Close proximity to numerous retail amenities including Walmart, Home Depot, Target, and various restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Abele Commercial Real Estate Agency Allen Financial Consultants Financial Advisor Bentley Systems Inc Architect FedEx Drop Box Postal Service ReQuest Serious Play, ... Factory

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Halfmoon, NY 12065
    State
    New York
    Longitude
    -73.7586871
    Latitude
    42.8460687

    Nearby Comparable

    • $14 SF/Yr
      16,356 SF

      Versatile Office and Storage Space

      Office suites with storage, conference rooms, and kitchen/breakrooms available.
      14 Corporate Dr, Halfmoon, NY 12065
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    • $12 SF/Yr
      16,356 SF

      Halfmoon Office Space Available

      Office space featuring a large bullpen, suites, and breakroom.
      14 Corporate Dr, Halfmoon, NY 12065
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    • $12 SF/Yr
      16,356 SF

      Halfmoon Office Space Available

      Office space with suites, reception, and bath available for rent.
      14 Corporate Dr, Halfmoon, NY 12065
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    • $12 SF/Yr

      Office Space with Suites

      Office space featuring multiple suites, reception, and flexible layout.
      14 Corporate Dr, Halfmoon, NY 12065
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    • $20 SF/Yr
      7,700 SF

      Halfmoon Office Space Available

      Office space featuring private offices, conference room, and kitchenette.
      12 Corporate Dr, Halfmoon, NY 12065
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    • $20 SF/Yr
      1,438 SF

      Halfmoon Office Suite For Lease

      Office suite for lease in Halfmoon, NY with flexible layout.
      12 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $1.00 SF/Yr

      Route 9 Retail Space Available

      Retail spaces available on Route 9, various configurations.
      1542 Route 9, Halfmoon, NY 12065
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    • $3,375 /Mo
      21,079 SF

      First Floor Office Space Available

      Attractive first-floor office space with ample parking and high visibility.
      1547 Route 9, Clifton Park, NY 12065
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    • $17 SF/Yr
      10,559 SF

      Route 9 Office Space Available

      2,104 RSF office space with direct parking lot entry.
      1532 Route 9, Halfmoon, NY 12065
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    • $17 SF/Yr
      10,559 SF

      Halfmoon Office Space Available

      Office space with reception, offices, restroom, kitchenette, and utilities.
      1532 Route 9, Halfmoon, NY 12065
      View Details
    • $10 SF/Yr
      8,156 SF

      Executive Park Drive Storage and Office

      Heated storage and office space available for lease.
      5 Executive Park Dr, Halfmoon, NY 12065
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    • $13 SF/Yr

      Office Space with Operable Windows

      Office space featuring large windows, kitchen, and ADA access.
      5 Executive Park Dr, Halfmoon, NY 12065
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 16,356 SF Office Building, Available Suites
    Where is this office property / space located?
    The property is located at 14 Corporate Dr Halfmoon, NY 12065, NY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Good, affordable office space in a two-story building totaling 16,356 square feet.; Ideal for startups and businesses of varying sizes, with flexible suite options.; Approximately 150 parking spaces available.
    Request Owner's contact information
    14 Corporate Dr Halfmoon, NY 12065, NY 12065
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    Halfmoon, NY 12065, NY 12065
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    14 Corporate Dr Halfmoon, NY 12065, NY 12065
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    Listing Contact
    Tom Savino
    Tom Savino
    Real Estate License ID: 30SA0815314
    Learn more
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