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Property profile & analytics
OFF-MARKET
Investment properties
1238 4th Ave Watervliet, NY 12189-3343
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-0603732
Property summary
AI-generated overview
This exceptional 6,000-square-foot industrial property, classified as Class C, offers a unique opportunity for businesses seeking flexible space. Currently, 3,200 square feet are immediately available for lease within this multi-tenant building, constructed in 1935. The space features a 12.5-foot ceiling height, perfect for various storage and operational needs. One drive-in door provides convenient access. The property includes a 100-amp power supply. The existing layout includes office and kitchen areas, adding to its versatility. Situated on a 0.14-acre lot, this property is zoned R-2 with a non-conforming use permit, allowing for general storage, office, or showroom uses. Please note that automotive repair is not permitted under the current zoning and permit. The minimum divisible space is 3,200 square feet, making it suitable for a single tenant or potentially divisible for smaller businesses. This presents a rare chance to secure affordable and adaptable space in a convenient location. Inquire today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1935
Total area
7,290 SF
Lot
0.14 ac (6,000 SF)
Zoning code
R2
APN
011800 32.82-2-30
UPID
US63-0603732
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
Current use
Occupant on record · Public records
-
C W Ashline Plumbing & Heating Hardware & Home Improvement HVAC Service
-
Liberty Loom Insurance Co. Insurance Agency
-
Tire Works by SICE USA Ltd. Auto Repair Shop Vehicle Inspection Center
-
Environmental Alternatives Sustainability Organization Volunteer Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sice USA Holding LLC · 10 yrs held
Sice USA Holding LLC
since 2015
1 recorded transaction
Zoning & alternative use
R2 · Watervliet, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Watervliet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watervliet submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$175,000
Assessed 2023
Previous assessed
$175,000
+0.0% YoY
Assessed land
$31,100
Assessed improvement
$143,900
Land market value
$44,748
Improvement market value
$207,051
Total market value
$251,799
Applied tax rate
11,800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1935
Heating
NONE
Buildings
1
Stories
2
Total area
7,290 SF
Lot
0.14 ac (6,000 SF)
Zoning code
R2
APN
011800 32.82-2-30
UPID
US63-0603732
Jurisdiction
ALBANY
Zoning & alternative use
R2 · Watervliet, NY
Zoning R2 · permitted uses
R2 · Watervliet, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watervliet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1935
Heating
NONE
Stories
2
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Sice USA Holding LLC
Entity
Mailing address
110 BOGHT RD, WYNANTSKILL, NY 12198
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2015
$175,000
Sice USA Holding LLC
13th Street Properties LLC
Grant Deed
related
$130,000 · Trustco Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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