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Property profile & analytics
OFF-MARKET
Investment properties
21 Bay St Glens Falls, NY 12801-3049
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-6227978
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1950
Total area
34,404 SF
Lot
0.68 ac (29,645 SF)
Zoning code
GC1
APN
520500 302.20-24-16
UPID
US63-6227978
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
-
Mountain Gallery Art Gallery
-
The Barkery Baking Co. Bakery Specialty Food Shop
-
Northern Insuring Agency, Inc. Insurance Agency
-
Bacas William A Law Firm
-
Equitas Realty of Glens Falls Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
21 Bay Street Properties LLC · 5 yrs held
21 Bay Street Properties LLC
since 2020
Last sale
$328,566
6 recorded transactions
Zoning & alternative use
GC1 · Glens Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Glens Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glens Falls 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$3,515,000
Assessed 2023
Previous assessed
$3,515,000
+0.0% YoY
Assessed land
$174,300
Assessed improvement
$3,340,700
Land market value
$185,426
Improvement market value
$3,553,936
Total market value
$3,739,362
Applied tax rate
520,500.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1950
Heating
NONE
Cooling
PARTIAL
Buildings
2
Stories
4
Total area
34,404 SF
Lot
0.68 ac (29,645 SF)
Zoning code
GC1
APN
520500 302.20-24-16
UPID
US63-6227978
Jurisdiction
WARREN
Zoning & alternative use
GC1 · Glens Falls, NY
Zoning GC1 · permitted uses
GC1 · Glens Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glens Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
21 Bay Street Properties LLC
Entity
Mailing address
PO BOX 727, GLENS FALLS, NY 12801-0727
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2020
$328,566
21 Bay Street Properties LLC
Karen Coakley
Grant Deed
$541,223 · Glens Falls Nat'l Bk & Tr Co
May 27, 2016
—
21 Bay Street Properties LLC
—
Deed
related
$1,025,000 · Glens Falls Nat'l Bk & Tr Co
Apr 1, 2015
$1,540,000
21 Bay Street Properties LLC
21 Bay Street Properties LLC
Warranty Deed
related
—
Dec 21, 2012
$600,000
21 Bay Street Props
21 Bay Street LLC
Grant Deed
—
Aug 9, 2006
$1,165,000
Parkside Dev Ptrs
In Hoc Dev LLC
Warranty Deed
—
—
—
21 Bay Street Properties LLC
—
Deed Of Trust
related
$1,025,000 · Glens Falls Nat'l Bk & Tr Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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