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    138 Maple St Glens Falls, NY 12801
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    138 Maple St Glens Falls, NY 12801

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    • Commercial real estate
    Off-Market
    Property ID
    US63-6087411
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 138 Maple St

    Property type
    Commercial real estate

    Description

    This exceptional 4,356 square foot residential lot is located at 138 Maple Street in Glens Falls, New York, zip code 12801. Priced affordably at $32,000, this property presents a fantastic opportunity for developers or individuals seeking to build in a desirable city location. The lot is already cleared and ready for construction, saving significant time and expense on site preparation. While currently zoned for single-family dwellings with a variance, the property also permits multi-family construction (three or more units) and professional office buildings, offering considerable flexibility for various development projects. The lot's dimensions are not specified, but its size provides ample space for a substantial structure. Prospective buyers should confirm with the city of Glens Falls regarding any necessary variances for their intended project. This prime location in Warren County offers convenient access to local amenities and services. Don't miss this chance to acquire a well-situated building lot in a thriving New York community. Act quickly, as this property is expected to attract significant interest.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glens Falls
    County
    Warren
    State
    New York
    Longitude
    -73.640485
    Latitude
    43.311676

    Comparable in this City

    • $595,000

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      Turnkey Restaurant and Mixed-Use Building

      Restaurant and mixed-use building in Glens Falls' visible location.
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      Mixed-Use Opportunity in Downtown Glens Falls

      Four-story mixed-use building in Glens Falls' Central Commercial District.
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      Remodeled Mixed-Use Building in Glens Falls

      Fully remodeled mixed-use building with retail and residential units.
      58-66 South St, Glens Falls, NY 12801
      View Details

    Similar Nearby for Sale

    • $595,000

      Development Site in Glens Falls

      Cleared mixed-use development site ready for approvals.
      132 South St, Glens Falls, NY 12801
      View Details
    • Contact for pricing

      Remodeled Mixed-Use Building in Glens Falls

      Fully remodeled mixed-use building with retail and residential units.
      58-66 South St, Glens Falls, NY 12801
      View Details
    • $310,000
      2,888 SF

      Downtown Glens Falls Mixed-Use Investment

      Well-maintained 4-unit property with storefronts and apartments in downtown Glens Falls.
      55 Lawrence St, Glens Falls, NY 12801
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    • $898,000
      7,654 SF

      Turnkey Restaurant and Mixed-Use Building

      Restaurant and mixed-use building in Glens Falls' visible location.
      162 Glen St, Glens Falls, NY 12801
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    • $950,000

      Mixed-Use Opportunity in Downtown Glens Falls

      Four-story mixed-use building in Glens Falls' Central Commercial District.
      196 Glen St, Glens Falls, NY 12801
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    • $1,450,000

      Remodeled Mixed-Use Building in Glens Falls

      Fully remodeled mixed-use building with retail and residential units.
      58-66 South St, Glens Falls, NY 12801
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Downtown Glens Falls Office Space

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      Retail Space Under Restoration

      Retail space available October 2025 in vibrant community setting.
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      7,000 SF

      Two-Story Office Building For Lease

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      Prime Retail Suites in Glens Falls

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      Adaptable Office Space Available

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    • $1,800 /Mo
      52,362 SF

      Adaptable Office Space For Rent

      Well-maintained commercial property with bright, adaptable office space available.
      9-15 Broad Street Plz, Glens Falls, NY 12801
      View Details
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    Glens Falls, NY 12801
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    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
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