Corner Commercial Land with Car
For Sale
Contact for pricing
919 State Route 9, Queensbury, NY 12804
CI-zoned corner parcel with a former car wash facility and options for reuse or removal of the existing structure.
Property Size4,524 SF
Price / SF$265.25
Days on Market202
Property Features for 919 State Route 9
General Information
Standard status
Active
Size
4,524 SF
Property subtype
RETAIL
Listing Agency:
NAI Platform
(518) 369-5048
Listed By:
James "Jay" Verro
(518) 369-5048
Source:
Moodyscre
Added: Feb 9
Changed: Aug 29
Last Checked: Aug 29 at 2:48PM
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 NAI Platform
Investment Insights
Based on property information with market context.
This 2.01 +/- acre commercial land parcel occupies a corner position along State Route 9 and includes a 4,524-square-foot former car wash facility. The property may be retained in its current condition or conveyed after removal of the existing structure.
CI zoning supports a broad range of commercial applications identified for the site, including retail, office, food service, banking, medical, day care, veterinary clinic, and car wash uses. The parcel is adjacent to Walmart and regional retail shopping centers, placing it within an established retail setting along the Route 9 corridor.
CI zoning supports a broad range of commercial applications identified for the site, including retail, office, food service, banking, medical, day care, veterinary clinic, and car wash uses. The parcel is adjacent to Walmart and regional retail shopping centers, placing it within an established retail setting along the Route 9 corridor.
Key Highlights
- 2.01 +/- acre corner parcel on State Route 9
- 4,524‑square‑foot former car wash facility on site
- CI zoning supports retail, office, food, banking, medical, day care, veterinary, and car wash uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,170,180
$1.2M
Cap Rate 7%
$835,843
$835.8K
Cap Rate 9%
$650,100
$650.1K
Market Conditions
NOI Build-Up for 4,524 SF
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.
Gross rent
$81.4K $18.00/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$78.0K $17.24/SF
− OpEx
−$19.5K −$4.31/SF
NOI
$58.5K $12.93/SF
Area
Warren County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,170,180
Cap Rate 7%
$835,843
Cap Rate 9%
$650,100
Alternative Uses
Best Use
Specialty Retail
$835.8K
$731.4K – $975.2K
NOI $58,509 @ 7.0% cap · market cap 4.88%
Second Best
Retail
$624.3K
$546.3K – $728.4K
NOI $43,702 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,787 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
338k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Dining 20%
Home Improvements & Furnishings 16%
Apparel 14%
Walmart
Superstores
116,108 visits/mo
0.1 miles
T.J. Maxx
Apparel
46,305 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
30,901 visits/mo
0.3 miles
McDonald's
Dining
30,810 visits/mo
0.5 miles
Panera Bread
Dining
21,838 visits/mo
0.4 miles
Demographics for 12804, NY
27,790
Population
13,287
Households
2.1
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
54.7 sq mi
ZIP Area
508
Density / Sq Mi
$90,074
Median Household Income
$50,368
Median Earnings
$1,209
Median Rent
$284,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - CI-zoned corner parcel with a former car wash facility and options for reuse or removal of the existing structure.
Where is this commercial land located?
The property is located at 919 State Route 9 Queensbury, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2.01 +/- acre corner parcel on State Route 9; 4,524‑square‑foot former car wash facility on site; CI zoning supports retail, office, food, banking, medical, day care, veterinary, and car wash uses
