Your AI Navigator in Commercial Real Estate
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

    Conety Rd Granville, NY 12083

    Sponsored
    For Sale
    $775,000

    Prime 5,224 sq ft commercial space, 2.92 acres, mountain views.

    Property size:
    5,224 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    350
    This exceptional Granville, NY commercial property offers 5,224 square feet of versatile space on a 2.92-acre lot, boasting stunning mountain views. Currently configured for fabrication, the building features soaring 20-foot ceilings, two overhead doors, and a spacious layout ideal for various uses, including light manufacturing, an artist studio, brewery, or micro-distillery. Recent upgrades include a new forced hot air furnace, updated office and bathroom areas, ensuring comfort and functionality. The property's potential extends beyond its current footprint

    Property Features for Conety Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,224 SF
    Lot Size
    127,195 SF

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Michael Magliocca

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Granville
    County
    Albany
    State
    New York
    Longitude
    -73.33813
    Latitude
    43.40166

    Nearby Comparable

    • $175,900
      1,800 SF

      Turnkey Shop on Route 22

      Turnkey shop with office space on Route 22 in Granville.
      10454 State Route 22, Granville, NY 12832
      View Details
    • $395,432
      2,478 SF

      Granville Retail Land Opportunity

      High-traffic retail land, 50+ acres.
      7602 State Route 149, Granville, NY 12832
      View Details
    • $249,000
      47.50 Acres

      Granville Vacant Land Opportunity

      47.5 acres of vacant land, ideal for recreation.
      lot 4.8 Burch Rd, Granville, NY 12832
      View Details
    • $3,500,000
      5.50 Acres

      Hartford Industrial Property - 5.5 Acres

      Prime 5.5-acre industrial site in Hartford, NY. Excellent investment opportunity.
      State Route 196, Hartford, NY 12838
      View Details
    • $949,900
      216.30 Acres

      Picturesque Farm and Forestland Estate

      216-acre farm with farmhouse, in-law house, and steel barn.
      1187 County Route 31, Granville, NY 12832
      View Details
    • $949,900
      216.30 Acres

      Picturesque Farm and Forestland Estate

      216-acre farm with farmhouse, in-law house, barn, and ponds.
      1187 County Route 31, Granville, NY 12832
      View Details
    • $597,000

      Wells Country Store For Sale

      Historic country store with residence near Lake St. Catherine.
      1450 Vt Route 30, Wells, VT 05774
      View Details
    • $399,000

      Lake St. Catherine Land Parcel

      Land parcel with lake access on Lake St. Catherine.
      30 Rte, Wells, VT 05774
      View Details
    • $227,777
      Pending

      Mettowee Riverfront Land Opportunity

      59.7 acres with 3,000 feet of Mettowee River frontage.
      L32 Upper Turnpike Rd, Whitehall, NY 12887
      View Details
    • $89,900
      5,160 SF

      Two-Story Commercial Building For Sale

      Two-story commercial building with high traffic flow in Fort Ann.
      64 Catherine St, Fort Ann, NY 12827
      View Details
    • $1,550,000
      9,100 SF

      NNN Dollar General For Sale

      Absolute NNN Dollar General with zero landlord responsibilities.
      11350 State Route 149, Fort Ann, NY 12827
      View Details
    • $99,900
      Pending

      Versatile Land Parcel in Fort Ann

      6.5-acre mixed-use parcel with established infrastructure near Queensbury.
      11225 State Route 149, Fort Ann, NY 12827
      View Details

    Nearby Similar for Sale

    • $175,900
      1,800 SF

      Turnkey Shop on Route 22

      Turnkey shop with office space on Route 22 in Granville.
      10454 State Route 22, Granville, NY 12832
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime 5,224 sq ft commercial space, 2.92 acres, mountain views.
    Where is this commercial real estate located?
    The property is located at Conety Rd Granville, NY.
    What is the asking price?
    The asking price for this property is $775,000.
    (518) 943-2620
    Request Owner's contact information
    Conety Rd Granville, NY 12083
    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.
    Conety Rd
    Granville, NY 12083
    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
    Conety Rd Granville, NY 12083
    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
    Michael Magliocca
    (518) 943-2620
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.