0 Red Mill Rd, Rensselaer, NY 12144
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.