Victorian Office Building with
499 Glen Street Glens Falls, NY 12801
For Sale
$850,000
Beautiful Victorian office building with rich architectural details and functionality.
Property Size4,238 SF
Price / SF$200.57
Days on Market101
Property Features for 499 Glen Street
General Information
- Standard status
- Active
- Size
- 4,238 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1909
Listing Agency:
HUNT ERA
(518) 798-4400
Listed By:
TINA COMBS
Source:
Corcoran
Added: Apr 16
Changed: Jul 10
Last Checked: Jul 24 at 9:28AM
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 HUNT ERA
Investment Insights
Based on property information with market context.
This Victorian office building offers a blend of character and functionality, featuring 10 office spaces, a welcoming reception area, and two additional waiting areas designed to manage client flow. A meeting space equipped with a built-in screen projector is also available. The interior showcases rich architectural details, including stained glass prismatic beveled windows, hardwood floors, coffered ceilings, crown and dentil molding, and four marble fireplaces, complemented by built-ins throughout. The property includes a large city lot with off-street parking and a two-car garage. Central air conditioning and four bathrooms are present. This property is suitable for a professional practice, executive firm, boutique firm, or rentable creative workspaces. The building has a total size of 4238 square feet.
Key Highlights
- Victorian office building built in 1909.
- Features rich architectural details including stained glass, hardwood floors, coffered ceilings, and marble fireplaces.
- Includes ten office spaces, reception and waiting areas, and meeting space.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.7k | $24.00 |
| − Vacancy | −$14.2k | −$3.36 |
| EGI | $87.5k | $20.64 |
| − OpEx | −$21.9k | −$5.16 |
| NOI | $65.6k | $15.48 |
4,238 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$937.2K
$820.1K – $1.09M
NOI $65,604 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,795 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tech Valley Patent, ...
Law Firm
True North
Physician
HeartCentre' Energy Therapies
Alternative Medicine Practice
Pietrangelo Debra
Physician
FAQs
What type of property is this?
Office building - Beautiful Victorian office building with rich architectural details and functionality.
Where is this office building located?
The property is located at 499 Glen Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Victorian office building built in 1909.; Features rich architectural details including stained glass, hardwood floors, coffered ceilings, and marble fireplaces.; Includes ten office spaces, reception and waiting areas, and meeting space.
