Property profile

11 Riv Rd Glenmont, NY 12077

OFF-MARKET
Investment properties
Property ID
US63-0923046
8,169 SF 5.9 ac lot Built 1973
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property located at 11 River Rd, Glenmont, NY, presents a unique opportunity for businesses seeking a substantial presence in a desirable location. The property encompasses a generous 5.9 acres of land, offering significant potential for expansion, development, or ample parking. The existing office building presents a solid foundation for immediate occupancy or redevelopment, allowing for customization to suit specific business needs. The property's address on River Road provides excellent visibility and accessibility, ensuring convenient access for employees and clients alike. The expansive acreage offers flexibility for future growth and development, allowing for the addition of further buildings or the creation of outdoor amenities. Given the size of the land parcel and the strategic location in Glenmont, NY, this property represents a rare investment opportunity with considerable upside potential. The absence of a listed square footage allows for a flexible approach to development and utilization, catering to a wide range of business requirements. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being offered at a price to be determined, reflecting the unique characteristics and potential of this significant land holding. Interested parties should contact the listing agent for further details and to schedule a viewing.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1973
Total area 8,169 SF
Lot 5.9 ac (257,004 SF)
Zoning code RLI
APN 012200 87.03-2-9
UPID US63-0923046

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Business Management Consultant Telecommunications Contractor
  • Storage Facility
  • Storage Facility

Location

11 Riv Rd Glenmont, NY 12077-4709
Glenmont metro Census 14201 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$878k
Blend (final) Blend
$415k

Owner & transaction history

since 2023
Last sale
$652,000
3 recorded transactions
2023
$260,000
2017
Price N/A
2010
$200,000

Zoning & alternative use

RLI · Glenmont, NY
Top alternative use upside
Auto repair, garage $890,000 +44.3%

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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