Three-Level Mixed-Use
For Sale
$875,000
166 Glen Street, Glens Falls, NY 12801
Downtown Glens Falls property with street-facing retail and upper-level office or professional suite configuration.
Property Size7,185 SF
Price / SF$121.78
Days on Market154
Property Features for 166 Glen Street
General Information
Standard status
Active
Size
7,185 SF
Property subtype
Mixed Use
Building Details
Building Size
7,185 SF
Buildings
1
Stories
3
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: May 15
Changed: Oct 15
Last Checked: Oct 14 at 7:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pyramidbrokerage
Investment Insights
Based on property information with market context.
This mixed-use commercial building at 166 Glen Street in downtown Glens Falls extends across three levels and combines customer-facing retail space with office-oriented upper floors. The ground level provides storefront exposure along the street, while the second floor is arranged for executive offices, office use, or medical and professional suites.
The property is situated in the heart of downtown Glens Falls, within an active business district. Its combination of retail frontage and separately configured upper-level space supports a range of commercial occupancy arrangements within one building.
The property is situated in the heart of downtown Glens Falls, within an active business district. Its combination of retail frontage and separately configured upper-level space supports a range of commercial occupancy arrangements within one building.
Key Highlights
- Three‑level mixed‑use commercial building at 166 Glen Street
- Street‑facing first‑floor retail/storefront space
- Second‑floor configuration for office, executive office, medical, or professional suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,407
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,140
$1.4M
Cap Rate 7%
$991,529
$991.5K
Cap Rate 9%
$771,189
$771.2K
Market Conditions
NOI Build-Up for 7,185 SF
Gross rent
$107.8K $15.00/SF
− Vacancy
−$8.6K −$1.20/SF
EGI
$99.2K $13.80/SF
− OpEx
−$29.7K −$4.14/SF
NOI
$69.4K $9.66/SF
Area
Warren County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,140
Cap Rate 7%
$991,529
Cap Rate 9%
$771,189
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.85M
NOI $111,224 @ 7.0% cap · market cap 12.71%
Second Best
Mixed Use
$1.27M
$1.12M – $1.49M
NOI $89,238 @ 7.0% cap · market cap 10.20%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,540 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 12801, NY
14,850
Population
7,287
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
90%
High-School Grad
3.8 sq mi
ZIP Area
3,908
Density / Sq Mi
$70,019
Median Household Income
$46,700
Median Earnings
$1,050
Median Rent
$196,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Glens Falls property with street-facing retail and upper-level office or professional suite configuration.
Where is this mixed-use property located?
The property is located at 166 Glen Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three‑level mixed‑use commercial building at 166 Glen Street; Street‑facing first‑floor retail/storefront space; Second‑floor configuration for office, executive office, medical, or professional suites
