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    FOR SALE
    Warehouses

    6 Old River Rd, Glenmont, NY 12077

    14,280 SF 2.7 ac lot Built 1950
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US63-1290211
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 6 Old River Road in Glenmont, New York, presents a compelling investment opportunity. The 16,320-square-foot warehouse sits on a generous 3-acre lot, offering ample space for operations and potential expansion. The building boasts a desirable 18-foot ceiling height, providing significant vertical storage capacity. Three loading docks ensure efficient loading and unloading operations. The property's strategic location provides easy access to the New York State Thruway and I-787, facilitating seamless transportation and distribution. The land value is calculated at $79.53 per square foot. This well-maintained warehouse is ideal for a variety of industrial uses and offers significant potential for growth within a thriving business environment. The asking price for this turnkey property is $1,298,000. This represents a rare opportunity to acquire a substantial industrial property in a highly desirable location with excellent access to major transportation arteries. The expansive lot size also allows for future expansion to meet evolving business needs. Don't miss this chance to secure a prime industrial asset in Albany County. The zip code is 12077.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1950
    Total area 14,280 SF
    Lot 2.7 ac (117,612 SF)
    Zoning code RLI
    APN 012200 98.01-3-18
    UPID US63-1290211
    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
    Current use
    Occupant on record · Public records
    • J & D Walter Wholesale Distributors Auto Parts Store Motorcycle Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jp Walter Holdings LLC · 9 yrs held
    Jp Walter Holdings LLC
    since 2017
    2 recorded transactions
    2017
    2013
    $250,000
    Zoning & alternative use
    RLI · Glenmont, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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