Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    L29 Freemans Bridge Road Glenville, NY 12302

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $385,000

    3.5 acres of commercial land with mixed-use potential.

    Type:Commercial
    Lot size:
    3.50 Acres
    Added:
    Mar 12, 2024
    Days on Market:
    775
    Last Refresh:
    Apr 5 at 9:17 pm

    Property Features for L29 Freemans Bridge Road

    General Information

    Standard status
    Active
    Lot size
    3.50 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    CHARLES CURTO

    Listing agent CHARLES CURTO

    Listing office HOWARD HANNA CAPITAL INC

    Listing date Mar 12, 2024

    Source Corcoran

    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 HOWARD HANNA CAPITAL INC

    Overview

    Commercial Land on Freemans Bridge

    This commercial land offering features approximately 3.5 usable acres. The flat land has road frontage exceeding 200 feet. Public water and sewer services are available at the road. The property is suitable for various permitted mixed uses, including office and retail developments. The estimated annual tax amount for the 3.5 acres is approximately $6,000.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glenville
    County
    Schenectady
    State
    New York
    Longitude
    -73.9304
    Latitude
    42.8316

    Nearby Similar for Sale

    • $380,000

      Expansive Land in Glenville, NY

      60+ acre property ideal for residential development in Glenville.
      L28 Sacandaga Road, Glenville, NY 12302
      View Details
    • $625,000
      1,600 SF

      Glenville Industrial Property with Buildings

      Industrial property featuring multiple buildings with office, storage, and production space.
      37 Maple Avenue, Glenville, NY 12302
      View Details
    • $20,000

      Vacant Land in Glenville, NY

      Residential land available for building a dream home.
      L4 Johnson Road, Glenville, NY 12302
      View Details
    • $49,000

      Glenville Approved Building Lot

      1.8 acre building lot in Scotia-Glenville School District.
      929 Sacandaga Road, Glenville, NY 12302
      View Details
    • $299,000
      1,200 SF

      Glenville Commercial Property with Offices

      Commercial property in Glenville featuring offices, lobby, restrooms, and basement.
      235 Saratoga Road, Glenville, NY 12302
      View Details
    • $36,900

      Glenville Vacant Wooded Land

      Wooded 1.6-acre lot in Glenville, Scotia-Glenville School District.
      0 Sacandaga Road, Glenville, NY 12302
      View Details
    • $625,000
      1,600 SF

      Glenville Flex Space For Sale

      Four-building flex space suitable for contractor or chemical manufacturer.
      37 Maple Avenue, Glenville, NY 12302
      View Details
    • $85,000

      Approved Building Lot in Glenville

      Approved 0.66 acre building lot in Niskayuna school district.
      L15.2 Glenridge Road, Glenville, NY 12302
      View Details
    • $469,999
      1,800 SF

      Glenville Mixed-Use Building For Sale

      Mixed-use building with retail space, apartment, and high visibility.
      658 Saratoga Road, Glenville, NY 12302
      View Details
    • $24,900

      Glenville Land with Pond

      1.86 acres in Glenville, NY, ideal for development.
      L 11.11 amsterdam Road, Glenville, NY 12302
      View Details
    • $195,000

      2.32 Acre Commercial Lot

      2.32 acre lot suitable for commercial or residential development.
      6610 Amsterdam Road, Glenville, NY 12302
      View Details
    • $2,000,000
      2,338 SF

      Chipotle Restaurant Investment Opportunity

      NNN leased Chipotle in Glenville, NY with long-term income.
      231 Saratoga Rd, Glenville, NY 12302
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.5 acres of commercial land with mixed-use potential.
    Where is this commercial land located?
    The property is located at L29 Freemans Bridge Road Glenville, NY.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: 3.5 Usable Acres of commercial land; Water and sewer at the road; Many permitted mixed uses including office and retail
    (518) 489-1000
    We can help!
    Listing Contact
    CHARLES CURTO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!