Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1132-1148 Rte Gansevoort, NY 12831
    Back to Search
    Property profile & analytics

    1132-1148 Rte, Gansevoort, NY 12831

    View on Map
    • Land
    • 23.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1132-1148 Rte

    Lot size
    23.20 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional ±23.2-acre industrial land parcel presents a compelling investment opportunity in Moreau, New York (Gansevoort mailing address). Strategically located on Route 9, this property boasts ±865 feet of road frontage and enjoys high visibility with an AADT traffic count of 6,965 vehicles. The M-2 zoning permits a variety of industrial uses, including light manufacturing, assembly, research operations, wholesale and storage, laboratories, and office buildings. The owner is willing to subdivide the land to accommodate various project sizes. Development standards allow for 60% lot coverage and structures up to 60 feet in height. The property's convenient location offers easy access to major transportation arteries, being approximately 1.2 miles from Exit 17N of the Adirondack Northway (I-87). This prime location is also within five miles of established industrial and manufacturing businesses, such as Target Distribution Center, Ace Hardware Distribution Center, and RASP Inc. Manufacturing. The property's size, zoning, and location make it ideal for a wide range of industrial and commercial developments. The asking price for this significant land holding is $695,000. The Assessor's Parcel Number (APN) is 89.-2-8.1.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gansevoort
    County
    Saratoga
    State
    New York
    Longitude
    -73.6772
    Latitude
    43.2029

    Comparable in this City

    • Value Estimation by Request
      64.01 Acres

      Ballard Rd

      Distribution properties
      0 Ballard Rd, Gansevoort, NY 12831
      View Details
    • Value Estimation
      $2,010,000
      23,058 SF

      81150 Dukes Way Rte 9th 9

      INDUSTRIAL (GENERAL)
      81150 Dukes Way Rte 9th 9, Gansevoort, NY 12831
      View Details
    • Value Estimation by Request
      0.79 Acres

      17 Riv Crst Rd

      INDUSTRIAL (GENERAL)
      17 Riv Crst Rd, Gansevoort, NY 12831
      View Details
    • Value Estimation
      $1,190,000
      14,714 SF

      1 Commerce Park Dr

      INDUSTRIAL (GENERAL)
      1 Commerce Park Dr, Wilton, NY 12831-2239
      View Details
    • Value Estimation by Request
      10,875 SF

      16 Commerce Park Dr

      INDUSTRIAL (GENERAL)
      16 Commerce Park Dr, Gansevoort, NY 12831-2240
      View Details
    • Value Estimation by Request
      4,520 SF

      2 Blue Lupine Rd

      INDUSTRIAL (GENERAL)
      2 Blue Lupine Rd, Wilton, NY 12831
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available on Saratoga Road

      8.18 acres of land with frontage on Route 9.
      1304 Saratoga Rd, Gansevoort, NY 12831
      View Details
    • Contact for pricing

      Land For Sale

      8.18 acres of land with frontage on Route 9.
      1304 Saratoga Rd, Gansevoort, NY 12831
      View Details
    • $60,000

      6.60 Acre Lot For Sale

      6.60 acre lot in the Town of Moreau.
      550 E Selfridge Rd, Gansevoort, NY 12831
      View Details
    • $1,400,000
      13,344 SF

      Wilton Industrial/Flex Warehouse Compound

      Well-located industrial/flex warehouse compound on 2.6 acres in Saratoga County.
      10 Commerce Park Dr, Wilton, NY 12831
      View Details
    • Contact for pricing

      Warehouse Space Near I-87

      Warehouse space less than a mile from I-87.
      204 North Rd, Wilton, NY 12831
      View Details
    • $450,000
      56.91 Acres

      Wilton Land Ready to Subdivide

      56.91 acres in Wilton, NY, ready to subdivide.
      313 Pettis Rd, Wilton, NY 12831
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      14,040 SF

      Wilton Commercial Flex/Warehouse Space

      14,040 SF flex/warehouse space with offices in Wilton, NY.
      891 Saratoga Rd, Wilton, NY 12831
      View Details
    • Contact for pricing
      248,000 SF

      Upstate NY Logistics Development Site

      Large logistics development site with over 1M SF planned.
      197 Ballard Rd, Gansevoort, NY 12831
      View Details
    • Contact for pricing
      14,040 SF

      Wilton Flex Space For Rent

      Clear space building with refurbished offices and loading docks.
      891 Saratoga Rd, Wilton, NY 12831
      View Details
    • Contact for pricing
      9,835 SF

      Stand Alone Office Building

      Office building for lease with parking in McGregor Office Park.
      5 Mtn Ledge Dr, Wilton, NY 12831
      View Details
    • Contact for pricing
      9,835 SF

      Stand Alone Office Building

      Stand alone office building with parking in McGregor Office Park.
      5 Mountain Ledge Dr, Gansevoort, NY 12831
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1132-1148 Rte
    Gansevoort, NY 12831
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1132-1148 Rte, Gansevoort, NY, 12831
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!