Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Elm St Malone, NY 12953

    Sponsored
    For Sale
    $399,999

    COMMERCIAL - Malone, NY

    Type:Office
    Property size:
    6,900 SF
    Lot size:
    0.22 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 7 at 9:06 pm

    Property Features for 16 Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    112.25-2-9
    Parking features
    Parking Lot
    Interior features
    Ceiling Fan(s), Entrance Foyer, High Ceilings
    Basement
    Unfinished, Full
    Size
    6,900 SF
    Lot size
    0.22 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Propane (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Flooring type
    Vinyl, Carpet, Hardwood
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    JoAnna Brown

    Northern Adirondack Realty (518) 483-7700

    Listing agent JoAnna Brown (518) 593-5347

    Listing date Feb 7, 2026

    MLS# 206538

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Brick Building in Malone

    This historic brick commercial building offers a strong investment opportunity with significant upside potential. The property has 6,900 square feet of space and consists of two brick structures connected by separate hallways on both the first and second floors. The first floor is currently in use. The second floor and 1,400 square foot third floor offer excellent potential for renovation, redevelopment, or added income streams. Off-street parking is conveniently located at the rear of the building, enhancing accessibility and tenant appeal. The property is located in Malone, NY, and the lot size is 0.22 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nichols Law Firm, ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malone
    County
    Franklin
    State
    New York
    Longitude
    -74.291508
    Latitude
    44.84984

    Nearby Similar for Sale

    • $629,000
      7,692 SF

      Revitalized Victorian Multifamily Investment

      Iconic seven-unit property in Malone, NY, fully leased.
      56 Park St, Malone, NY 12953
      View Details
    • $249,900
      4,280 SF

      High-Visibility Commercial Site in Malone

      Former sports center with showroom, office, and storage space.
      689 E Main St, Malone, NY 12953
      View Details
    • $179,900
      3,526 SF

      Spacious Home with Income Potential

      Large home in Malone, NY, with flexible layout and income potential.
      41 Park St, Malone, NY 12953
      View Details
    • $169,900
      1,116 SF

      Malone, NY Commercial Property

      Commercial property in Malone, NY, currently operating as a seasonal business.
      102 Pearl St, Malone, NY 12953
      View Details
    • $139,000
      1,610 SF

      Rented Two-Family Home in Malone

      Two-family residential property generating $1,650 monthly income in Malone, NY.
      41 Howard Ave, Malone, NY 12953
      View Details
    • New
      $79,800
      1,411 SF

      Updated Duplex in Malone, NY

      Well-maintained duplex, ideal for investors or owner-occupants.
      17 Fort Covington St, Malone, NY 12953
      View Details
    • $155,000
      2,231 SF

      Spacious Duplex with Two-Car Garage

      Duplex featuring separate living spaces and a two-car garage.
      572 E Main St, Malone, NY 12953
      View Details
    • $165,000
      1,711 SF

      Mixed-Use Property with Office, Apartment

      Versatile property with office space, apartment, and garage.
      566 E Main St, Malone, NY 12953
      View Details
    • $329,900
      5,445 SF

      Commercial Building with Rental Home

      3,840 sq ft commercial building with a 4-bedroom rental home.
      274 W Main St, Malone, NY 12953
      View Details
    • $89,900
      2,299 SF

      Three-Unit Residential Property, Malone, NY

      Three-unit residential property with a large lot in Malone, NY.
      144 Webster St, Malone, NY 12953
      View Details
    • $120,000
      3,024 SF

      Versatile Commercial Property in Malone

      3.5-acre property with warehouse and office building potential.
      345 Elm St, Malone, NY 12953
      View Details
    • $69,900
      42 SF

      Malone, NY Duplex Opportunity

      Duplex with potential for income generation in Malone, NY.
      90 Academy St, Malone, NY 12953
      View Details

    FAQs

    What type of property is this?
    Office building - 6,900 sq ft commercial building with renovation potential.
    Where is this office building located?
    The property is located at 16 Elm St Malone, NY.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: - 6,900 sq. ft. historic brick commercial building offering a strong investment opportunity.; - Significant upside potential through renovation and redevelopment of the second and third floors (1,400 sq. ft.).; - Off-street parking located at the rear of the building.
    (518) 593-5347
    Request Owner's contact information
    16 Elm St Malone, NY 12953
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 Elm St
    Malone, NY 12953
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16 Elm St Malone, NY 12953
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    JoAnna Brown
    (518) 593-5347
    Learn more
    Google sign-in failed. Please try again or use another login method.