Add Listing
    For Lease
    • 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

    339 Aviation Road Queensbury, NY 12804

    View on Map
    Pending
    $14 SF/Yr

    COMMERCIAL - Queensbury, NY

    Property size:
    5,295 SF
    Lot size:
    0.78 Acres
    Added:
    Nov 13, 2023
    Days on Market:
    870
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 339 Aviation Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    28
    Parking features
    Off Street
    Standard status
    Pending
    APN
    523400 301.8-1-32
    Size
    5,295 SF
    Lot size
    0.78 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    4792

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2023
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Robert L Sears

    Listing agent Robert L Sears License #30SE0274629

    Listing office Berkshire Hathaway HomeServices Blake, REALTORS 699 Upper Glen St, Albany, NY

    Listing date Nov 13, 2023

    MLS# 202328215

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

    Overview

    Queensbury Commercial Space For Lease

    This commercial space in Queensbury, NY, offers 2,143 square feet suitable for either retail or office use. The property is located next to a Stewart's Convenient Store and is near Exit 19 of I-87. Previously used as a bank, the space includes a drive-through window, conference room, offices, reception counter area, bathroom, and kitchenette. The lease rate is $14.00 per square foot, plus utilities, including any prorated increases in taxes, insurance, and common area charges after the first year. The property is situated on a 0.78-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Richard E Jones ... Architect Discount Tire Auto Parts Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Queensbury
    County
    Warren
    State
    New York
    Longitude
    -73.697918
    Latitude
    43.330711

    Nearby Similar for Lease

    • $10/mo

      Queensbury Commercial Space For Rent

      Versatile commercial space suitable for office, retail, or storage.
      281 Dix Avenue, Queensbury, NY 12804
      View Details
    • $14/mo

      Turnkey Dental Office for Lease

      Class A dental office available for immediate lease in Queensbury.
      16 Hunter Brook Lane, Queensbury, NY 12804
      View Details
    • Contact for pricing

      Freestanding Office Building For Lease

      924 SF freestanding office building with parking and central air.
      565 Bay Road, Queensbury, NY, 12804
      View Details
    • $9/mo

      New Warehouse Space in Queensbury

      New 20,000 SF warehouse space available for lease.
      24 Native Drive, Queensbury, NY, 12804
      View Details
    • Contact for pricing

      Queensbury Office Space For Rent

      Spacious first-floor office with cathedral ceilings near Highland Golf Course.
      163 Haviland Road, Queensbury, NY 12804
      View Details
    • $10/mo

      Queensbury Office Building For Lease

      Office building in Queensbury, NY, available for lease.
      667 Bay Road, Queensbury, NY 12804
      View Details
    • Contact for pricing

      Retail Space in Queensbury, NY

      Retail opportunity in a dominant, high-traffic shopping destination.
      578 Aviation Rd, Queensbury, NY
      View Details
    • Contact for pricing

      Queensbury Retail, Office, Restaurant Space

      Retail, office, or restaurant space with ample on-site parking.
      750 Glen St, Queensbury, NY
      View Details
    • Contact for pricing

      Retail Space with Drive-Through Option

      New retail plaza with drive-through option, highly visible location.
      909 State Rte 9, Queensbury, NY
      View Details
    • Contact for pricing

      Office Space on Quaker Road

      Office space for rent with high traffic and ample parking.
      63 Quaker Road, Queensbury, NY 12804
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for rent in Queensbury, NY.
      40 Media Drive, Queensbury, NY 12804
      View Details

    FAQs

    What type of property is this?
    Bank - 2,143 SF retail/office space with drive-through, near I-87.
    Where is this bank located?
    The property is located at 339 Aviation Road Queensbury, NY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime location next to Stewart's Convenient Store and close to 87 Ex. 19.; Versatile 2,143 SF space suitable for retail or office use.; Includes a **drive‑through window**, ideal for various business types.
    (518) 793-7940
    We can help!
    Listing Contact
    Robert L Sears
    Real Estate License ID: 30SE0274629
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!