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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5 Rexford Way Halfmoon, NY 12065

    • Manufacturing properties
    • 10,005 SF
    • 6.05 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    $625,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3901543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 5 Rexford Way

    Year built
    2017
    Lot size
    6.05 lot acres
    Property size
    10,005 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Manufacturing properties
    APN
    413800 284.-2-70
    APU
    413800284270

    Description

    This exceptional 10,000-square-foot flex space in Saratoga County presents a unique build-to-suit opportunity. Located on a generous 5.41-acre lot, this single-tenant property offers unparalleled flexibility. The owner/contractor is ready to construct a new building ranging from 5,000 to 10,000 square feet, tailored to your specific needs. Enjoy convenient access to Interstate 87 and the Luther Forest area, ensuring seamless logistics and connectivity. The property boasts a prime location with established businesses as neighbors, including Bast Hatfield Construction, Unite Rentals, H.T. Lyons Mechanical Contractors, and Stenner Pumps. The lease rate is competitively priced at $11.00 per square foot, triple net (NNN). This is an exceptional chance to secure a modern, efficient, and strategically located flex space in a thriving business community. The property is listed under MLS #201400581. Don't miss this opportunity to establish your business in a desirable and well-connected location. Contact us today to discuss your build-to-suit requirements and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $649,000
      Market price range: $157k - $810k
      AI Estimate
      $482,000
      Market price range: $180k - $853k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $585,000
      Current use
      WAREHOUSE, STORAGE
      $895,000
      Change: +52% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clifton Park
    County
    Saratoga
    State
    New York
    Longitude
    -73.7404
    Latitude
    42.8253
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $85,800
    $390,300
    $476,100
    -
    $201,882
    $918,353
    $1,120,235

    Comparable in this City

    • Value Estimation
      $3,700,000
      78,275 SF

      107 Pierce Rd

      MANUFACTURING (LIGHT) • 78,275 SF
      107 Pierce Rd, Clifton Park, NY 12065-1310
      View Details
    • Value Estimation
      $640,000
      10,000 SF

      453 Kinns Rd

      MANUFACTURING (LIGHT) • 10,000 SF
      453 Kinns Rd, Clifton Park, NY 12065-2408
      View Details
    • Value Estimation
      $1,390,000
      26,286 SF

      12 Enterprise Ave

      MANUFACTURING (LIGHT) • 26,286 SF
      12 Enterprise Ave, Halfmoon, NY 12065-3424
      View Details
    • Value Estimation by Request
      30,000 SF

      420 21 Century Park Dr

      Distribution properties • 30,000 SF
      420 21 Century Park Dr, Rexford, NY 12065
      View Details
    • Value Estimation
      $1,645,000
      121,794 SF

      430 Hudson Riv Rd

      MANUFACTURING (LIGHT) • 121,794 SF
      430 Hudson Riv Rd, Clifton Park, NY 12065
      View Details
    • Value Estimation
      $3,975,000
      86,371 SF

      10 Enterprise Ave

      MANUFACTURING (LIGHT) • 86,371 SF
      10 Enterprise Ave, Halfmoon, NY 12065-3424
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      High-Bay Distribution Warehouse For Sale

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      Clifton Park Office/Warehouse Building

      Office/warehouse building in excellent condition, moments from Exit 10.
      747 Pierce Rd, Clifton Park, NY 12065
      View Details
    • $165,000
      0.46 Acres

      Halfmoon, NY Approved Land

      Approved 0.46-acre corner lot in Halfmoon, NY.
      80 Mcbride Rd, Halfmoon, NY 12065
      View Details
    • $1,200,000
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      Halfmoon Office Building For Sale

      8,692 SF professional office building for sale in Halfmoon, NY.
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    • $729,800
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      Immaculate Duplex with Inground Pool

      Two-story brick duplex with pool and garages in Halfmoon, NY.
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    Similar Nearby for Lease

    • $5 SF/Yr
      79,625 SF

      Clifton Park Manufacturing/Warehouse Space

      Manufacturing/warehouse space with heavy power and outdoor storage.
      107 Pierce Rd, Clifton Park, NY 12065
      View Details
    • $3,950 /Mo
      52,000 SF

      Flex Suite Near I-87

      4,000 SF flex suite near I-87 Exit 10.
      3 Liebich Ln, Halfmoon, NY 12065
      View Details
    • $10 SF/Yr
      8,156 SF

      Executive Park Drive Storage and Office

      Heated storage and office space available for lease.
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    • $9 SF/Yr
      50,000 SF

      Halfmoon Industrial Space For Lease

      50,000 square foot industrial space available for lease.
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      View Details
    • $11 SF/Yr
      10,000 SF

      Flex Space Near I-87

      Flex space available for rent near I-87 and Luther Forest.
      5 Rexford Way, Halfmoon, NY 12065
      View Details
    • $14 SF/Yr
      16,356 SF

      Versatile Office and Storage Space

      Office suites with storage, conference rooms, and kitchen/breakrooms available.
      14 Corporate Dr, Halfmoon, NY 12065
      View Details
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    5 Rexford Way
    Halfmoon, NY 12065
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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