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    Main St Queensbury, NY 12804

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    For Sale
    Contact for pricing

    High-traffic retail land, I-87 Exit 18

    Property size:
    6,300 SF

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Square Feet
    6,300 SF
    Lot Size
    74,052 SF

    We can help!

    Listing Contact
    Shannon Older
    Shannon Older

    Listing Agency: Atlantic Retail Albany Listing Agent: Shannon Older

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.7-acre commercial property, located at Main Street in Queensbury, NY (zip code 12804), presents a unique investment opportunity. Boasting 6,300 square feet of buildable space, this site is ideally situated immediately off Exit 18 of I-87, providing unparalleled visibility and accessibility. The property benefits from prominent signage opportunities visible from the Interstate and Main Street. Its strategic location places it adjacent to the new Fairfield Inn & Suites and near recent developments including a 90-room Holiday Inn Express and a Fastrac Cafe. Further enhancing its appeal, Saratoga Hospital is planning a new medical center on an adjacent parcel. This location offers easy access to major attractions, including Saratoga Springs (15 miles), Lake George Village (7 miles), and the Adirondack State Park (attracting over 7 million tourists annually). The thriving local community is supported by a strong base of market generators such as Glens Falls Hospital, Angio Dynamics, Six Flags, and numerous restaurants and amenities. This property is for sale and presents a compelling opportunity for retail development or build-to-suit projects. The high volume of traffic and proximity to established businesses make this an exceptional investment in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Queensbury
    County
    Warren
    State
    New York
    Longitude
    -73.6710623
    Latitude
    43.2995468

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, I-87 Exit 18
    Where is this land located?
    The property is located at Main St Queensbury, NY.
    What are key features of this property?
    This property features: 1.7-acre vacant land parcel for sale or build-to-suit in Queensbury, NY (12804).; Adjacent to the new Fairfield Inn & Suites.; Prime location immediately off I-87 Exit 18, offering exceptional visibility and accessibility.
    (518) 785-8200 Call to check price and availability
    Request Owner's contact information
    Main St Queensbury, NY 12804
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    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
    Main St Queensbury, NY 12804
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shannon Older
    Shannon Older
    (518) 785-8200 (518) 495-6517
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