Financial
Distress signals
Property profile

41 South St Glens Falls, NY 12801

FOR LEASE
Other investment properties
Property ID
US63-1022996
9,936 SF 0.09 ac lot Built 1970
Last sale Oct 2024 · $480,000
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 41 South Street is a retail space with a total area of 9,936 square feet. It is a building that has undergone restoration intended to bring the structure to modern requirements while retaining elements of its historical character. The site is situated in a central area between two blocks, with nearby community amenities and attractions, including the Market Center Pavilion next door, which hosts the Glens Falls Farmers Market. The space is configured for retail use within an active, community-oriented setting.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$334k
Assessed land$91k
Assessed improvement$243k

Value estimate

· Sep 2026
$480k
$432k – $528k
AI approach$480k
NOI build-up
Gross scheduled income$149k
Vacancy & credit loss−$12k
Operating expenses−$41k
NOI · 599,887.50% cap applied$96k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$100/SF
ZIP average, outlier-cleaned · 76 recorded sales of this use type
Observed band · Q1–Q3$64 – $146
Qualifying comparables10

Cap rate analysis

How does the asset earn?
599,887.50%
$96k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CCD
The general purpose of this Central Commercial District is to provide a high-density commercial area in downtown Glens Falls. This distri...
General categoryCOMMERCIAL
JurisdictionWARREN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand index
Auto Parts Store11.8
Garden Center10.7
Convenience Store9.7

Location

41 South St Glens Falls, NY 12801
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3 Montcalm, Glens Falls, NY 12801-3407 $285,000 Mar 2025 3,452 SF
46 Ss, Glens Falls, NY 12801-4323 $800,000 Jan 2025 23,688 SF
26 Rdg, Glens Falls, NY 12801-3619 $740,000 Sep 2024 4,517 SF
158-160 Warren, Glens Falls, NY 12801 $474,220 Apr 2024 4,774 SF
128 Gln, Glens Falls, NY 12801-4432 $75,000 Feb 2024 4,290 SF
222 Dix, Glens Falls, NY 12801-3257 $620,000 Aug 2023 4,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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