Property profile

3 Corporate Dr Halfmoon, NY 12065

FOR LEASE
Office buildings
Property ID
US63-5696596
40,616 SF 3.83 ac lot Built 2007
Entity Owned 18-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Class A executive office building, situated on a generous 3.83-acre lot in the desirable Halfmoon, NY, presents a compelling investment opportunity. The property, located at 3 Corporate Drive, boasts 40,146 square feet of meticulously maintained space, currently 93% occupied by a diverse mix of six office tenants and one roof antenna tenant. The building features staggered lease terms with built-in annual rent escalations, ensuring consistent and growing income streams. The property is zoned PDD (Planned Development District) and its APN is 278.-1-22.141. Tenants enjoy a range of on-site amenities, including a common break room, a fully equipped fitness center with showers, a relaxing picnic area, and a reliable backup generator, enhancing the overall appeal and functionality of the space. Recent tenant improvements showcase high-end finishes, reflecting the property's commitment to quality and modern aesthetics. All office leases are structured as NNN (Net, Net, Net), minimizing landlord responsibilities and maximizing return on investment. The strategic location in Saratoga County, coupled with the strong tenant mix and staggered lease terms, makes this a truly exceptional investment opportunity. The asking price for this prime commercial property is $7,100,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 40,616 SF
Lot 3.83 ac (166,835 SF)
Zoning code 07 - MIXED
APN 413800 278.-1-22.141
UPID US63-5696596

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Physician
  • Medical Billing Service Consultant
  • Association / Organization
  • Law Firm

Location

3 Corporate Dr Halfmoon, NY 12065
Halfmoon metro Census 62410 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.61M

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
2007
Price N/A

Zoning & alternative use

07 - MIXED · Halfmoon, 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message