Property profile

2550 9Th Ave Watervliet, NY 12189

FOR LEASE
Manufacturing properties
Property ID
US63-3060506
107,823 SF 2.8 ac lot Built 1960
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This ±32,600 square foot warehouse space in Watervliet, New York, is available for sublease. Located at 2550 9th Ave, zip code 12189, this single-tenant industrial property offers immediate occupancy, with availability within 30 days. The space is ideal for businesses requiring significant storage and distribution capabilities. The property features two convenient loading docks, streamlining the loading and unloading process for efficient operations. This sublease opportunity presents a cost-effective solution for businesses seeking a well-located warehouse in the Watervliet area. The sublease term extends until July 1st, 2025, providing a solid timeframe for long-term planning and operations. The property's location in Watervliet, New York, offers easy access to major transportation routes, facilitating seamless logistics and distribution. This is a prime opportunity to secure a substantial warehouse space in a strategic location, with immediate availability and a defined lease term. Contact us today to schedule a viewing and explore the possibilities this exceptional property offers. The property is classified as an industrial warehouse and is suitable for a variety of industrial uses.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1960
Total area 107,823 SF
Lot 2.8 ac (121,968 SF)
Zoning code LI
APN 011800 32.11-2-1.12
UPID US63-3060506

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
  • Recycling Center Waste Management Facility

Location

2550 9Th Ave Watervliet, NY 12189
Watervliet metro Census 13300 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$760k

Owner & transaction history

since 2013
2 recorded transactions
2013
$950,000
2012
$1.0M

Zoning & alternative use

LI · Watervliet, NY

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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