285-Unit Self-Storage
74 William Street, South Glens Falls, NY 12803
For Sale
Contact for pricing
The multi-unit storage property is managed by Extra Space Storage.
Property Size37,750 SF
Price / SF$167.95
Days on Market40
Property Features for 74 William Street
General Information
Standard status
Size
Property subtype
Additional Details
Self-Storage Units
Property Use
Listing Agency:
Franklin Street Tampa
Listed By:
David Perlleshi · License FL #333662
(914) 365-0752
Source:
Crexi
Added: Oct 2
Changed: Nov 9
Last Checked: Nov 9 at 1:57PM
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 Franklin Street Tampa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This self-storage facility contains 285 units across 37,750 NRSF. Extra Space Storage manages the property. Located at 74 William Street in South Glens Falls, New York, the facility is offered for sale.
Key Highlights
- 285 self‑storage units
- 37,750 NRSF
- Managed by Extra Space Storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$361,494
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,229,880
$7.2M
Cap Rate 7%
$5,164,200
$5.2M
Cap Rate 9%
$4,016,600
$4.0M
Market Conditions
NOI Build-Up for 37,750 SF
Gross rent
$543.6K $14.40/SF
− Vacancy
−$27.2K −$0.72/SF
EGI
$516.4K $13.68/SF
− OpEx
−$154.9K −$4.10/SF
NOI
$361.5K $9.58/SF
Area
Saratoga County, NY
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,229,880
Cap Rate 7%
$5,164,200
Cap Rate 9%
$4,016,600
Alternative Uses
Best Use
Self Storage
$5.16M
$4.52M – $6.02M
NOI $361,494 @ 7.0% cap · market cap 5.70%
Second Best
Warehouse
$4.05M
$3.54M – $4.73M
NOI $283,505 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$11.30M
$9.89M – $13.18M
NOI $790,938 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 12803, NY
8,990
Population
3,819
Households
2.4
Avg Household Size
43
Median Age
29%
College-Educated
92%
High-School Grad
6.1 sq mi
ZIP Area
1,474
Density / Sq Mi
$80,913
Median Household Income
$42,782
Median Earnings
$1,194
Median Rent
$222,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Self storage facility - The multi-unit storage property is managed by Extra Space Storage.
Where is this self storage facility located?
The property is located at 74 William Street South Glens Falls, NY.
What is the asking price?
The asking price for this property is $6,340,000.
What are key features of this property?
This property features: 285 self‑storage units; 37,750 NRSF; Managed by Extra Space Storage
