Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    166 Dix Ave Glens Falls, NY 12801-3241
    Back to Search
    Property profile & analytics

    166 Dix Ave, Glens Falls, NY 12801-3241

    View on Map
    • Investment properties
    • 1,608 SF
    • 1.96 lot acres
    Off-Market
    Last Sale Dec 10, 2024
    $585,500
    Property ID
    US63-2976663
    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
    $585,000
    Show details
    Cap Rate Potential
    3.4%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 166 Dix Ave

    Year built
    1951
    Lot size
    1.96 lot acres
    Zone code
    LI
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    520500 303.14-1-16.1
    APU
    520500303141161

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 10, 2024 — Frank Troelstra Ellen Troelstra Warranty Deed · related —
    Oct 30, 2018 $585,500 Eric J Troelstra Mccoslin,mary E Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $585,000
      ML approach
      $585,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glens Falls
    County
    Warren
    State
    New York
    Longitude
    -73.6278
    Latitude
    43.3182
    CBSA code
    24020
    CBSA name
    GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $103,200
    $204,500
    $307,700
    -
    $109,787
    $217,553
    $327,340

    Comparable in this City

    • Value Estimation
      $650,000
      4,760 SF

      10-14 Park St

      OFFICE/RESIDENTIAL (MIXED USE)
      10-14 Park St, Glens Falls, NY 12801
      View Details
    • Value Estimation
      $1,625,000
      15,148 SF

      90-92 Warren St

      OFFICE/RESIDENTIAL (MIXED USE)
      90-92 Warren St, Glens Falls, NY 12801
      View Details
    • Value Estimation by Request
      3,120 SF

      9 Rdg St

      OFFICE/RESIDENTIAL (MIXED USE)
      9 Rdg St, Glens Falls, NY 12801-3645
      View Details
    • Value Estimation by Request
      4,939 SF

      11 Pne St

      OFFICE/RESIDENTIAL (MIXED USE)
      11 Pne St, Glens Falls, NY 12801-3555
      View Details
    • Value Estimation by Request
      2,064 SF

      6 Pne St

      OFFICE/RESIDENTIAL (MIXED USE)
      6 Pne St, Glens Falls, NY 12801-3532
      View Details
    • Value Estimation by Request
      2,921 SF

      171 Rdg St

      OFFICE/RESIDENTIAL (MIXED USE)
      171 Rdg St, Glens Falls, NY 12801-3928
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      4,195 SF

      Downtown Glens Falls Mixed-Use Property

      Updated mixed-use building with restaurant and apartments in downtown Glens Falls.
      16 Exchange St, Glens Falls, NY 12801
      View Details
    • Contact for pricing
      8,000 SF

      Mixed-Use Commercial Building For Sale

      Versatile Glens Falls building with retail, warehouse, and office space.
      193 Dix Ave, 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
      View Details
    • $3,750,000
      72,000 SF

      Mixed-Use Buildings in Fenimore Square

      Two buildings with redevelopment potential in prime location.
      64 Glen St, Glens Falls, NY 12801
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,300 SF

      Downtown Glens Falls Retail/Office Suite

      Retail/office suite in downtown Glens Falls with parking.
      71 Bay St, Glens Falls, NY 12801
      View Details
    • $4,500 /Mo
      7,654 SF

      Turnkey Restaurant in Glens Falls

      Turnkey restaurant space available for lease in Glens Falls.
      162 Glen St, Glens Falls, NY 12801
      View Details
    • $18 SF/Yr

      Historic Building Retail/Office Space

      Retail and office spaces available in historic Empire Theater Building.
      11 South St, Glens Falls, NY 12801
      View Details
    • $6 SF/Yr

      Warehouse Space for Lease

      25,000 SF warehouse available for lease now.
      185 Warren St, Glens Falls, NY 12801
      View Details
    • $8 SF/Yr
      8,800 SF

      Retail Space in Glens Falls

      Retail space available for lease in Glens Falls, NY.
      76 Cooper St, Glens Falls, NY 12801
      View Details
    • Contact for pricing
      11,380 SF

      Retail Building in Prime Location

      Free-standing retail building in Glens Falls, highly walkable area.
      124 Ridge St, Glens Falls, NY 12801
      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.
    166 Dix Ave
    Glens Falls, NY 12801-3241
    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
    166 Dix Ave, Glens Falls, NY, 12801
    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!