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Property profile & analytics
FOR LEASE
Retail space
10 Glenridge Rd Glenville, NY 12302
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-4250010
For Lease
1 / 18
$985,000
10 Glenridge Rd, Glenville, NY 12302
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Property summary
AI-generated overview
This 36,000 square foot shopping center in Glenville, NY, offers three available retail spaces ranging from 1,425 to 1,900 contiguous square feet, with a total of 3,325 square feet currently vacant. The property is situated on a 3.57-acre lot at the high-traffic intersection of Route 50 and Glenridge Road, boasting combined daily traffic counts of approximately 30,000 vehicles. This prime location draws customers from Glenville, Scotia, and surrounding communities in Schenectady and Saratoga counties. The center benefits from strong co-tenancy with established businesses including Target, Panera Bread, Visionworks, Mattress Firm, Pet Supplies Plus, T-Mobile, H&R Block, ZoomTan, Hair Studio One, and SuperNail & Spa. Ample parking is provided with 728 spaces. The property is zoned for General Business use within Schenectady County and offers a minimum divisible space of 1,425 square feet. This presents a unique opportunity for retailers seeking high visibility and access to a substantial customer base in a thriving commercial area. The address is 10 Glenridge Rd, Glenville, NY 12302.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
32,169 SF
Lot
3.57 ac (155,509 SF)
Zoning code
CON
APN
422289 22.11-4-15.121
UPID
US63-4250010
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pet Supplies Plus Glenville (Bike/Boat/Book/etc) Store Pet Store & Service
-
Empire Visionworks Physician
-
i.d. SPOT (Bike/Boat/Book/etc) Store Pet Store & Service
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Super Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Mfb Glenville Owner LLC · 10 yrs held
Mfb Glenville Owner LLC
since 2015
4 recorded transactions
Zoning & alternative use
CON · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+14.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,005,000
Current use
WAREHOUSE, STORAGE
$1,150,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$885,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$31 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$3,961,995
Assessed 2023
Previous assessed
$3,961,995
+0.0% YoY
Assessed land
$512,000
Assessed improvement
$3,449,995
Land market value
$752,941
Improvement market value
$5,073,522
Total market value
$5,826,463
Applied tax rate
422,202.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
32,169 SF
Lot
3.57 ac (155,509 SF)
Zoning code
CON
APN
422289 22.11-4-15.121
UPID
US63-4250010
Jurisdiction
SCHENECTADY
Zoning & alternative use
CON · Schenectady, NY
Zoning CON · permitted uses
CON · Schenectady, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schenectady. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$885,000
RETAIL STORES Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.57 ac
Current owner
From public records · entity-resolved
Mfb Glenville Owner LLC
Entity
Mailing address
810 7TH AVE FL #10, NEW YORK, NY 10019-5887
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2015
—
Mfb Glenville Owner LLC
Mfb Glenville LLC
Quit Claim Deed
related
$2,602,891 · Citigroup Global Markets Rlty
Mar 28, 2013
—
Mfb Glenville LLC
—
Deed Of Trust
related
$1,150,000 · Israel Discount Bank New York
—
—
Mfb Glenville LLC
—
Deed Of Trust
related
$2,850,000 · Israel Discount Bank New York
—
—
Mfb Glenville Owner LLC
—
Loan Modification, Consolidation And Extension
related
$4,900,000 · Citigroup Global Markets Rlty
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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