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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Catherine St South Glens Falls, NY 12803-5102

    • Office buildings
    • 1,896 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Feb 03, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5493636
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 2 Catherine St

    Year built
    2020
    Lot size
    0.15 lot acres
    Property size
    1,896 SF
    Zone code
    R1
    Property type
    Office buildings
    APN
    414401 37.70-2-55.2
    APU
    41440137702552

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Glens Falls
    County
    Saratoga
    State
    New York
    Longitude
    -73.6357
    Latitude
    43.2941
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, 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
    0
    $0.00
    $26,300
    $218,700
    $245,000
    -
    $26,300
    $218,700
    $245,000

    Comparable in this City

    • Value Estimation by Request
      5,750 SF

      89 Saratoga Ave

      OFFICE BUILDING • 5,750 SF
      89 Saratoga Ave, South Glens Falls, NY 12803-5133
      View Details
    • Value Estimation
      $525,000
      4,080 SF

      30 Bluebird Rd

      OFFICE BUILDING • 4,080 SF
      30 Bluebird Rd, South Glens Falls, NY 12803-5707
      View Details
    • Value Estimation
      $640,000
      3,660 SF

      46 Saratoga Ave

      OFFICE BUILDING • 3,660 SF
      46 Saratoga Ave, South Glens Falls, NY 12803-4837
      View Details
    • Value Estimation
      $600,000
      4,176 SF

      1656 Rte 9th 9

      OFFICE BUILDING • 4,176 SF
      1656 Rte 9th 9, South Glens Falls, NY 12803-5556
      View Details
    • Value Estimation
      $575,000
      3,240 SF

      1646-1650 Rte 9th 9

      OFFICE BUILDING • 3,240 SF
      1646-1650 Rte 9th 9, South Glens Falls, NY 12803
      View Details
    • Value Estimation
      $1,165,000
      9,000 SF

      101-103 Main St

      OFFICE BUILDING • 9,000 SF
      101-103 Main St, South Glens Falls, NY 12803
      View Details

    Similar Nearby for Sale

    • $399,900
      3,420 SF

      Moreau Commercial Property on Route 9

      3240 sqft commercial space on 0.54 acres with high visibility.
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    • $290,000
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      Prime Commercial Lot Near Glens Falls

      Versatile commercial lot with drive-thru potential.
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      South Glens Falls Industrial Campus

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    • $1,200,000
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      Route 9 Commercial Land - Glens Falls, NY

      10.24 Acres, LI-C Zoning, Prime Location
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    • New
      $799,000
      2,500 SF

      Turn-Key Restaurant Opportunity

      Established pizzeria and ice cream business for sale.
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    • $275,000
      1.15 Acres

      South Glens Falls Commercial Lot

      1.15 acre commercial lot with high traffic exposure.
      110-112 Saratoga Ave, South Glens Falls, NY 12803
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    Similar Nearby for Lease

    • $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
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    • 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
    • $1.00 SF/Yr
      62,278 SF

      Grocery Anchored Retail Space

      High visibility shopping center at a primary intersection.
      27-41 Gansevoort Rd, South Glens Falls, NY 12803
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    • $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
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    • $1.00 SF/Yr
      62,278 SF

      Grocery Anchored Retail Space

      High-visibility shopping center at a primary intersection.
      27-41 Gansevoort Rd, South Glens Falls, NY 12803
      View Details
    • $12 SF/Yr
      2,800 SF

      Gansevoort Road Retail Space

      Prime South Glens Falls Retail Opportunity
      27 Gansevoort Rd, South Glens Falls, NY 12803
      View Details
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    2 Catherine St
    South Glens Falls, NY 12803-5102
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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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