3 Enterprise Dr, Albany, NY 12204-2520
This exceptional 11,529-square-foot warehouse, located at 3 Enterprise Dr, Albany, NY 12204, presents a significant investment opportunity. Built in 1991, this vacant property sits on a 1.41-acre lot and is zoned I-1, Light Industrial, offering considerable flexibility for various industrial uses. The building boasts a 20-foot ceiling height, providing ample vertical space for storage or operations. Convenient access to major transportation arteries is a key advantage, with the property strategically situated near the intersection of I-787 and I-90, ensuring efficient transportation and logistics. On-site parking is plentiful, accommodating approximately 52 vehicles. The property includes one loading dock, simplifying loading and unloading operations. The asking price for this well-located and functional warehouse is $1,383,500. This represents a compelling opportunity to acquire a substantial industrial property in a prime Albany location. The property's size, location, and features make it ideal for a variety of industrial businesses seeking a strategic foothold in the Albany market. Its proximity to major highways ensures easy access to regional and national transportation networks.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CM · Albany, NYAlbany. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.