Property profile

15 Commerce Dr Ballston Spa, NY 12020

OFF-MARKET
Distribution centers
Property ID
US63-2140571
18,020 SF 3.26 ac lot Built 2021
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2021
Total area 18,020 SF
Lot 3.26 ac (142,006 SF)
APN 412089 228.-2-48.3
UPID US63-2140571

Cap rate & NOI

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

Location

15 Commerce Dr Ballston Spa, NY 12020
Ballston Spa metro Census 61701 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.34M
CAP Approach CAP
$2.08M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.39M

Owner & transaction history

since 2021
Last sale
$2.2M
3 recorded transactions
2021
$2.2M
2021
Price N/A
2020
$350,000

Zoning & alternative use

Top alternative use upside
Office building $3.6M +123.1%
Auto repair, garage $2.9M +80.1%
Commercial (general) $2.8M +73.6%

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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