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Property profile & analytics
OFF-MARKET
Estimated value
$4,960,000
Warehouses
163 Ballard Rd, Gansevoort, NY 12831-2227
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-4530471
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
45,160 SF
Lot
9.65 ac (420,354 SF)
Zoning code
C-3
APN
415600 115.-2-38
UPID
US63-4530471
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
-
Northway Exit 16 Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.22M
Comparable Approach
Comparable
$5.99M
Blend (final)
Blend
$4.96M
Owner & transaction history
Exit 16 LLC · 7 yrs held
Exit 16 LLC
since 2018
5 recorded transactions
Zoning & alternative use
C-3 · Gansevoort, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.8M
+92.4%
Auto repair, garage
$7.3M
+80.1%
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 Gansevoort submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gansevoort 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,655,000
6.5%
$5,220,000
7%
$4,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,030,000
Current use
COMMERCIAL (GENERAL)
$7,750,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,260,000
Change: +80% · Conversion: Easy
Blend value · Realmo final
$4.96M
Range $4.46M – $5.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110 / SF
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
$4,428,000
Assessed 2023
Previous assessed
$4,428,000
+0.0% YoY
Assessed land
$812,500
Assessed improvement
$3,615,500
Land market value
$1,128,472
Improvement market value
$5,021,528
Total market value
$6,150,000
Applied tax rate
414,401.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
45,160 SF
Lot
9.65 ac (420,354 SF)
Zoning code
C-3
APN
415600 115.-2-38
UPID
US63-4530471
Jurisdiction
SARATOGA
Zoning & alternative use
C-3 · Gansevoort, NY
Zoning C-3 · permitted uses
C-3 · Gansevoort, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gansevoort. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Cooling
Yes
Stories
2
Lot
9.65 ac
Current owner
From public records · entity-resolved
Exit 16 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
100 MADISON DR STE #4, BALLSTON SPA, NY 12020-2574
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2019
—
Exit 16 LLC
—
Deed
related
$477,600 · Community Bk NA
Nov 15, 2018
$650,000
Exit 16 LLC
Chauvin,robert J
Grant Deed
—
Sep 8, 2017
—
Robert J Chauvin
Chauvin,robert J & Val M
Quit Claim Deed
related
—
Sep 26, 2006
—
Robert Chauvin
Chauvin,robert
Quit Claim Deed
related
—
—
—
Exit 16 LLC
—
Deed Of Trust
related
$477,600 · Community Bk NA
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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