Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1451 Us-9 Glens Falls, NY 12803
    Back to Search
    Property profile & analytics

    1451 Us-9, Glens Falls, NY 12803

    View on Map
    • Retail properties & Spaces
    • 8,074 SF
    • 4.28 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1451 Us-9

    Lot size
    4.28 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 8,074 square foot restaurant property, situated on 4.28 acres in Glens Falls, NY (zip code 12803), presents a unique opportunity for a discerning restaurateur. Located at 1451 US-9, this single-tenant retail space boasts a highly desirable location on Route 9. The property features a fully built-out interior, including a substantial bar and seating area, ready to accommodate a large volume of customers. A well-equipped commercial kitchen and a walk-in cooler are included, ensuring efficient food preparation and storage. The building's substantial size offers ample space for various restaurant concepts, from casual dining to upscale establishments. The expansive 4.28-acre lot provides ample parking and potential for outdoor seating or expansion. This former brewery/restaurant space is ideally positioned to capitalize on the high traffic volume of Route 9, offering excellent visibility and accessibility. The property is located in Saratoga County, New York, and is ready for immediate occupancy. This is a rare opportunity to acquire a turnkey restaurant space in a prime location. The property is zoned for retail use. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glens Falls
    County
    Saratoga
    State
    New York
    Longitude
    -73.6621
    Latitude
    43.2566

    Comparable in this City

    • Value Estimation by Request
      8,074 SF

      1451 Us-9

      Office Spaces
      1451 Us-9, Glens Falls, NY 12803
      View Details
    • Value Estimation by Request

      131 Saratoga Ave

      Retail properties & Spaces
      131 Saratoga Ave, South Glens Falls, NY 12803
      View Details
    • Value Estimation by Request

      Six Figure Earning Gln Fls Diner For Sale With Real Est

      Restaurants
      Six Figure Earning Gln Fls Diner For Sale With Real Est, South Glens Falls, NY 12803
      View Details
    • Value Estimation by Request
      0.28 Acres

      76 Main St

      PARKING LOT
      76 Main St, South Glens Falls, NY 12803-4730
      View Details
    • Value Estimation
      $670,000
      1,232 SF

      1720 Rte 9th 9

      DRIVE-THRU RESTAURANT, FAST FOOD
      1720 Rte 9th 9, South Glens Falls, NY 12803-5554
      View Details
    • Value Estimation
      $850,000
      1,640 SF

      75 Saratoga Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      75 Saratoga Ave, South Glens Falls, NY 12803-5134
      View Details

    Similar Nearby for Sale

    • $286,000
      908 SF

      Main Street Commercial Building For Sale

      Mixed-use building with garage on Main Street.
      225 Main St, South Glens Falls, NY 12803
      View Details
    • $276,000
      908 SF

      Commercial Building with Garage

      Commercial building with attached garage on Main Street.
      225 Main St, South Glens Falls, NY 12803
      View Details
    • $779,000
      2,040 SF

      Established South Glens Falls Business

      Turn-key restaurant and ice cream business opportunity on Saratoga Avenue.
      75 Saratoga Ave, South Glens Falls, NY 12803
      View Details
    • $779,000
      2,500 SF

      Established Pizzeria and Ice Cream Business

      Turn-key business opportunity in South Glens Falls.
      75 Saratoga Ave, South Glens Falls, NY 12803
      View Details
    • Contact for pricing

      Renovated Commercial Property on Saratoga

      Versatile, renovated commercial building with high visibility and flexible space.
      132 Saratoga Ave, South Glens Falls, NY 12803
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in South Glens Falls.
      27 Gansevoort Rd, South Glens Falls, NY 12803
      View Details
    • $3,600 /Mo
      4,316 SF

      Versatile Flex Space on Route 9

      Office/flex space with overhead doors, suitable for various businesses.
      1638 Route 9, South Glens Falls, NY 12803
      View Details
    • Contact for pricing
      2,000 SF

      Landmark Shopping Center Space

      Retail space in high-traffic shopping center, great exposure.
      42-114 Main St, South Glens Falls, NY 12803
      View Details
    • $9 SF/Yr
      11,000 SF

      South Glens Falls Retail Suites

      Multiple retail suites available for lease in South Glens Falls.
      131 Saratoga Ave, South Glens Falls, NY 12803
      View Details
    • Contact for pricing

      South Glens Falls Retail Suites

      Retail suites available for lease in South Glens Falls.
      131 Saratoga Ave, South Glens Falls, NY 12803
      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.
    1451 Us-9
    Glens Falls, NY 12803
    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
    1451 Us-9, Glens Falls, NY, 12803
    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!