Property profile

17 Commerce Dr Ballston Spa, NY 12020

OFF-MARKET
Distribution centers
Property ID
US63-1551655
29,150 SF 4.24 ac lot Built 2020
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2020
Total area 29,150 SF
Lot 4.24 ac (184,694 SF)
APN 412089 228.-2-48.2
UPID US63-1551655

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
  • Warehouse & Storage
  • Locksmith (Bike/Boat/Book/etc) Store

Location

17 Commerce Dr Ballston Spa, NY 12020-3631
Ballston Spa metro Census 61701 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.68M
CAP Approach CAP
$3.37M
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$3.26M

Owner & transaction history

since 2021
Last sale
$3.0M
4 recorded transactions
2021
$1.6M
2020
$550,000
2020
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $4.7M +80.1%
Commercial (general) $4.5M +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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