Property profile

0 Red Mill Rd Rensselaer, NY 12144

OFF-MARKET
Land
5.1 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 5.1 ac (222,156 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Red Mill Rd Rensselaer, NY 12144
Rensselaer metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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