Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3324 Rte Malone, NY 12953
    Back to Search
    Property profile & analytics

    3324 Rte, Malone, NY 12953

    View on Map
    • Retail properties & Spaces
    • 69,479 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3324 Rte

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 3324 Route 11 in Malone, New York, within the thriving Aldi Plaza. The property boasts a total of 69,479 square feet across three suites, offering a range of space options to suit various business needs. Currently, there are 29,420 square feet of vacant space available, divisible into units as small as 7,300 square feet and with a maximum contiguous space of 13,400 square feet. The property sits on a generous 15-acre lot in Franklin County, providing ample parking and high visibility from Route 11. This location benefits from excellent co-tenancy and significant foot traffic, making it an ideal spot for businesses seeking high exposure and a strong customer base. The property's prime location and ample space make it a perfect choice for businesses looking to establish or expand their presence in a bustling community. The easy access and high visibility ensure maximum exposure to potential customers, contributing to a strong return on investment. This is a rare opportunity to secure retail space in a thriving commercial center. Contact us today to learn more about this exceptional property and its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Malone
    County
    Franklin
    State
    New York
    Longitude
    -74.3184
    Latitude
    44.8462

    Comparable in this City

    • Value Estimation by Request
      6,200 SF

      Creighton Rd E Ida Park

      NURSERY, GREENHOUSE, FLORIST
      Creighton Rd E Ida Park, Malone, NY 12953
      View Details
    • Value Estimation by Request
      69,479 SF

      3324 Rte

      Individual retail properties
      3324 Rte, Malone, NY 12953
      View Details
    • Value Estimation by Request
      85,000 SF

      53 Finney Blvd

      Neighborhood centers
      53 Finney Blvd, Malone, NY 12953
      View Details
    • Value Estimation by Request
      4,270 SF

      10 Railroad St

      SHOW ROOM, WAREHOUSE
      10 Railroad St, Malone, NY 12953-1014
      View Details
    • Value Estimation by Request
      0.27 Acres

      106 Catherine St

      COMMERCIAL (GENERAL)
      106 Catherine St, Malone, NY 12953
      View Details
    • Value Estimation by Request
      6,900 SF

      275 Main St

      Commercial real estate
      275 Main St, Malone, NY 12953
      View Details

    Similar Nearby for Sale

    • $329,900
      5,445 SF

      Commercial Building with Rental Home

      Commercial building with three businesses and a four-bedroom rental home.
      274 W Main St, Malone, NY 12953
      View Details
    • $900,000
      5,053 SF

      Turn-Key Restaurant Opportunity in Malone

      Fully equipped restaurant with high visibility and growth potential.
      609 E Main St, Malone, NY 12953
      View Details
    • $249,900
      4,280 SF

      High-Visibility Commercial Site in Malone

      Former sports center with showroom, office, and storage space.
      689 E Main St, Malone, NY 12953
      View Details
    • $169,900
      1,116 SF

      Malone, NY Commercial Property

      Commercial property in Malone, NY, currently operating as a seasonal business.
      102 Pearl St, Malone, NY 12953
      View Details
    • $249,900
      3,962 SF

      Downtown Malone Turnkey Business

      Profitable nightspot, fully renovated
      578 Main St, Malone, NY 12953
      View Details
    • $127,000
      2,420 SF

      Retail Space in Malone, NY

      Retail space for sale in Malone, New York.
      21 Shepard St, Malone, NY 12953
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces Available for Rent

      Retail spaces ranging from 1,800 to 36,872 SqFt available.
      230 W Main St, Malone, NY 12953
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease.
      53 Finney Blvd, Malone, NY 12953
      View Details
    • $995 /Mo
      1,100 SF

      Professional Office Space in Malone

      Professional office space in the heart of Malone's business district.
      453 E Main St, Malone, NY 12953
      View Details
    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.
    3324 Rte
    Malone, NY 12953
    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

    Thank You for Inquiry
    3324 Rte, Malone, NY, 12953
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!