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    Property profile & analytics
    OFF-MARKET Estimated value $1,200,000
    Investment properties

    3 Enterprise Dr, Albany, NY 12204-2520

    12,000 SF 1.5 ac lot Built 1991
    Entity Owned 24-yr Hold Free & Clear
    Property ID
    US63-2637134
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1991
    Total area 12,000 SF
    Lot 1.5 ac (65,340 SF)
    Zoning code CM
    APN 010100 66.9-2-2.3
    UPID US63-2637134
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.31M
    Blend (final) Blend
    $1.20M
    Owner & transaction history
    INDEPENDENT WIRELESS ONE CORPORATIO
    INDEPENDENT WIRELESS ONE CORPORATIO
    Zoning & alternative use
    CM · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.3M +38.8%
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