Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    990 State Rte 149 Queensbury, NY 12804

    • Drive through restaurants
    • 671 SF
    • 3.65 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3645001
    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

    • Drive through restaurants

    Property Details for 990 State Rte 149

    Year built
    2004
    Lot size
    3.65 lot acres
    Property size
    671 SF
    Zone code
    NC
    Property type
    Drive through restaurants
    APN
    523400 279.-1-8
    APU
    52340027918

    Description

    This exceptional 3.65-acre parcel located at 990 State Route 149 in Queensbury, New York presents a remarkable opportunity for retail development. The property boasts a highly visible location on a major thoroughfare, ensuring significant exposure to a substantial volume of daily traffic. Its expansive size offers considerable flexibility for a variety of retail concepts, from a single large-scale building to a multi-tenant complex. The strategic location within Queensbury provides access to a thriving community with a strong consumer base. The absence of existing structures allows for complete design control and customization to meet specific business needs. This is an ideal site for entrepreneurs seeking to establish a new retail presence or for existing businesses looking to expand their operations. The property's size and location make it a rare find in the competitive Queensbury market. Serious inquiries are encouraged to explore the potential of this exceptional retail land opportunity. The asking price is $425,000. Detailed site plans and surveys are available upon request. Don't miss this chance to secure a prime piece of retail real estate in a rapidly growing area. Act quickly, as properties of this caliber are rarely available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Queensbury
    County
    Warren
    State
    New York
    Longitude
    -73.6209
    Latitude
    43.3969
    CBSA code
    24020
    CBSA name
    GLENS FALLS, 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
    2021
    $1,747
    $149,800
    $102,800
    $252,600
    -
    $176,249
    $120,951
    $297,200

    Comparable in this City

    • Value Estimation by Request
      1,140 SF

      150 Revere Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,140 SF
      150 Revere Rd, Queensbury, NY 12804
      View Details
    • Value Estimation by Request
      3,370 SF

      607 Aviation Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,370 SF
      607 Aviation Rd, Queensbury, NY 12804-1842
      View Details
    • Value Estimation
      $500,000
      2,458 SF

      361 Dix Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,458 SF
      361 Dix Ave, Queensbury, NY 12804-3967
      View Details
    • Value Estimation
      $575,000
      2,928 SF

      620 Aviation Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,928 SF
      620 Aviation Rd, Queensbury, NY 12804-1837
      View Details
    • Value Estimation
      $625,000
      3,232 SF

      714 Gln St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,232 SF
      714 Gln St, Queensbury, NY 12804-2019
      View Details
    • Value Estimation
      $560,000
      8,145 SF

      75-77 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 8,145 SF
      75-77 Main St, Queensbury, NY 12804
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,000 SF

      Queensbury Retail Land Investment Opportunity

      High-traffic corner lots, QSR potential.
      773 Quaker Rd, Queensbury, NY 12804
      View Details
    • $1,299,000
      2,612 SF

      Established Restaurant in High-Traffic Area

      High-visibility restaurant for sale in the Queensbury/Lake George region.
      982 State Route 149, Queensbury, NY 12804
      View Details
    • $1,500,000
      20,000 SF

      Multi-Level Retail/Office/Storage Building

      20,000 SF mixed-use building on 1.73 acres, Main Street frontage.
      64 Main St, Queensbury, NY 12804
      View Details
    • $1,350,000
      20,000 SF

      Queensbury Mixed-Use Development Opportunity

      20,000 SF mixed-use building on 1.73 acres for sale.
      64 Main St, Queensbury, NY 12804
      View Details
    • $1,200,000
      4,524 SF

      Prime Corner Lot on Route 9

      2.01 acre corner lot with high visibility on Route 9.
      919 Route 9, Queensbury, NY 12804
      View Details
    • $499,999
      3,200 SF

      Established Salvage Yard on 10+ Acres

      10+ acre salvage yard with new 3,300 sq ft building.
      15 Pasco Ave, Queensbury, NY 12804
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,200 SF

      Retail Space with Drive-Through Option

      New retail plaza with drive-through option, highly visible location.
      909 State Route 9, Queensbury, NY 12804
      View Details
    • Contact for pricing
      1,168 SF

      Queensbury Retail, Office, Restaurant Space

      Retail, office, or restaurant space with ample on-site parking.
      750 Glen St, Queensbury, NY 12804
      View Details
    • $1.00 SF/Yr
      192,157 SF

      Regional Shopping Center For Lease

      Highly visible regional shopping center with strong tenant anchors.
      820 State Route 9, Queensbury, NY 12804
      View Details
    • Contact for pricing
      51,987 SF

      Retail Space in Queensbury, NY

      Retail opportunity in a dominant, high-traffic shopping destination.
      578 Aviation Rd, Queensbury, NY 12804
      View Details
    • $1.00 SF/Yr

      Regional Shopping Center For Lease

      Highly visible shopping center with strong tenant anchors.
      820 State Route 9, Queensbury, NY 12804
      View Details
    • $1.00 SF/Yr
      192,157 SF

      Regional Shopping Center For Lease

      Highly visible shopping center with strong tenant anchors.
      820 State Route 9, Queensbury, NY 12804
      View Details
    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.
    990 State Rte 149
    Queensbury, NY 12804
    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.