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Property profile & analytics
FOR SALE
Manufacturing properties

11 Grandoe Ln Gloversville, NY 12078

77,867 SF 2.1 ac lot Built 1960
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US63-3103631
11 Grandoe Ln, Gloversville, NY 12078 For Sale
$799,999 77,867 SF
11 Grandoe Ln, Gloversville, NY 12078
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1960
Total area 77,867 SF
Lot 2.1 ac (91,476 SF)
Zoning code R1
APN 170500 134.11-4-21
UPID US63-3103631
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$850k
Owner & transaction history
Grandbuck LLC · 11 yrs held
Grandbuck LLC
since 2015
1 recorded transaction
2015
$265,000
Zoning & alternative use
R1 · Gloversville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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