11 Grandoe Ln Gloversville, NY 12078
For Sale
This exceptional 77,867-square-foot industrial property presents a compelling investment opportunity. Situated on a 2.1-acre lot in Gloversville, New York, this three-story warehouse boasts a prime location with convenient access to State Highway 30A. Built in 1960, the building is zoned for light manufacturing, offering versatility for a range of industrial uses. The property features two loading docks and three drive-in doors, ensuring efficient loading and unloading operations. The asking price is $800,000, translating to a price per square foot of $10.27. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for property taxes, insurance, and maintenance. This single-tenancy building offers a significant opportunity for investors seeking a strong return on investment in a strategically located industrial asset. The property's size, location, and features make it an ideal choice for businesses requiring substantial warehouse space and convenient access to major transportation routes. The building's solid construction and versatile zoning further enhance its appeal. Don't miss this chance to acquire a well-positioned industrial property in a growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R1 · Gloversville, NYGloversville. Always verify with local authorities before improvements.
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.