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    The Largest CRE Database in the US with Over 1 Million Listings

    68 1St St Glens Falls, NY 12801

    Sponsored
    For Sale
    $259,900

    Farm / Farmhouse, House (Detached) - Glens Falls, NY

    Type:Farm
    Property size:
    1,266 SF
    Lot size:
    0.08 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 24 at 5:06 pm

    Property Features for 68 1St St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen
    Bedrooms
    3
    Bathrooms
    1
    APN
    520500 309.11-7-16
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    1,266 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1920
    Year renovated
    1920
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Cartier
    Melissa Cartier

    CARTIER REAL ESTATE GROUP LLC

    Listing agent Melissa Cartier (518) 321-5762

    Listing date Feb 21, 2026

    MLS# 11660908 Listing URL

    Copyright © 2026 My State 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

    Renovated Home in Glens Falls

    This renovated home is located in the heart of Glens Falls, near dining, cultural, and entertainment attractions. Remodeled from top to bottom just 4 years ago, the property has been occasionally used as an Airbnb rental. The interior features modern grey cabinetry, stainless steel appliances, granite countertops, and a breakfast bar in the kitchen. The open living area is filled with natural light from vinyl replacement windows and features new vinyl plank flooring. The home includes a first-floor bedroom and a stylish tiled full bathroom with laundry. Additional features include a covered porch and sunroom. The property has a low-maintenance exterior and a spacious corner lot with off-street parking. The property is conveniently located near exit 18 and the Adirondacks. The lot size is 0.08 acres and the property size is 1266 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glens Falls
    County
    Warren
    State
    New York
    Longitude
    -73.658105
    Latitude
    43.303549

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    FAQs

    What type of property is this?
    Single family property - Move-in ready home near Glens Falls' vibrant downtown.
    Where is this single family property located?
    The property is located at 68 1St St Glens Falls, NY.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: - Fully renovated 4 years ago with meticulous interior and updated mechanicals.; - Prime location near downtown Glens Falls' dining, cultural, and entertainment attractions.; - Modern kitchen with grey cabinetry, stainless steel appliances, granite countertops, and breakfast bar.
    (518) 321-5762
    Request Owner's contact information
    68 1St St Glens Falls, NY 12801
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    Glens Falls, NY 12801
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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
    68 1St St Glens Falls, NY 12801
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    We can help!
    Listing Contact
    Melissa Cartier
    Melissa Cartier
    Real Estate License ID: 10491207871
    (518) 321-5762
    Learn more
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