Financial
Distress signals
Property profile

108 Business Park Dr Frankfort, NY 13340

FOR SALE
Manufacturing properties
Property ID
US63-2909884
63,000 SF 4.4 ac lot Built 2001
Last sale May 2024 · $3,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 63,000-square-foot industrial warehouse built in 2001, configured for manufacturing, warehousing, distribution, logistics, and light assembly uses. It features generous clear heights, multiple loading docks, and drive-in access, along with on-site parking and space suitable for outdoor storage. The interior layout supports warehouse material flow as well as production and distribution activities. The facility is located at 108 Business Park Drive in Frankfort, New York, in the Mohawk Valley area near the New York State Thruway (I-90).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$685
Tax billed · 2020
Assessed value · 2023$700k
Assessed land$25k
Assessed improvement$675k
Effective rate0.10%

Value estimate

· Sep 2026
$3.40M
$3.06M – $3.74M
AI approach$3.40M
NOI build-up
Gross scheduled income$597k
Vacancy & credit loss−$41k
Operating expenses−$167k
NOI · 11.13% cap applied$390k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
11.13%
$390k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R
JurisdictionHERKIMER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency14.4
Building Supply12.4
Wholesale Shop10.9

Location

108 Business Park Dr Frankfort, NY 13340
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 8 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
120 Business Park, Frankfort, NY 13340-3701 $9,746,900 Feb 2023 80,000 SF
2528 Southside, Frankfort, NY 13340-5000 $175,000 Dec 2019 12,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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