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

    241 Rte 9w Glenmont, NY 12077-3007

    • Strip malls
    • 71,721 SF
    • 16.65 lot acres
    OFF-MARKET
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2511053
    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

    • Bethlehem Town Family Dental / Dental Office
    • Deluxe Nail & Spa / Nail Salon
    • PetSmart Dog Training / Animal Training
    • Staples Travel Services / (Bike/Boat/Book/etc) Store
    • Homnoet / Marketing & Advertising / IT Consulting Firm

    Property Details for 241 Rte 9w

    Year built
    2007
    Lot size
    16.65 lot acres
    Property size
    71,721 SF
    Zone code
    C
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    012200 86.00-2-20
    APU
    122008600220

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,095,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,054,000
      Market price range: $441k - $1.51M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,000,000
      Current use
      MEDICAL BUILDING
      $1,735,000
      Change: +73% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenmont
    County
    Albany
    State
    New York
    Longitude
    -73.7892
    Latitude
    42.6138
    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
    $943,200
    $5,756,800
    $6,700,000
    -
    $1,257,600
    $7,675,733
    $8,933,333

    Comparable in this City

    • Value Estimation
      $970,000
      45,898 SF

      378 Feura Bush Rd, Unit 406

      SHOPPING CENTER, STRIP CENTER • 45,898 SF
      378 Feura Bush Rd, Glenmont, NY 12077-3074
      View Details
    • Value Estimation by Request
      19,650 SF

      365 Feura Bush Rd

      SHOPPING CENTER, STRIP CENTER • 19,650 SF
      365 Feura Bush Rd, Glenmont, NY 12077-2907
      View Details
    • Value Estimation by Request
      5,781 SF

      380-384 Rte 9w

      REGIONAL SHOPPING CENTER, MALL • 5,781 SF
      380-384 Rte 9w, Glenmont, NY 12077
      View Details
    • Value Estimation
      $1,160,000
      121,323 SF

      329 Glenmont Rd

      REGIONAL SHOPPING CENTER, MALL • 121,323 SF
      329 Glenmont Rd, Glenmont, NY 12077-3469
      View Details
    • Value Estimation
      $1,125,000
      134,567 SF

      271 Rte 9w

      MINI-MALL • 134,567 SF
      271 Rte 9w, Glenmont, NY 12077-2905
      View Details
    • Value Estimation
      $1,590,000
      203,781 SF

      311 Rte 9w

      MINI-MALL • 203,781 SF
      311 Rte 9w, Glenmont, NY 12077-2909
      View Details

    Similar Nearby for Sale

    • $530,000
      2,000 SF

      Glenmont Turnkey Dental/Medical Office

      Turnkey dental/medical office in excellent condition with long-term tenant.
      336 Glenmont Rd, Glenmont, NY 12077
      View Details
    • $500,000
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      Residential Land in Glenmont, NY

      3.66-acre residential parcel with subdivision potential and public utilities.
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    • $99,900

      Glenmont Building Lot Opportunity

      Approved building lot near Albany in Bethlehem School District.
      47 Wheeler Rd, Bethlehem Center, NY 12077
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    • $80,000
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      Glenmont Building Lot Auction Opportunity

      Secluded 1+ acre building lot in Bethlehem School District.
      300 Bender Ln, Glenmont, NY 12077
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    • $1,298,000
      16,320 SF

      Glenmont Warehouse: Prime Location

      16,320 SF Warehouse, 3 Acres, $1.3M
      6 Old River Rd, Glenmont, NY 12077
      View Details
    • $1,298,000
      16,320 SF

      Glenmont Warehouse with Expansion Potential

      16,320 SF warehouse on 3 acres with expansion possibilities.
      6 Old River Rd, Glenmont, NY 12077
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Glenmont Retail Space For Lease

      Retail space available in high-traffic Glenmont commercial corridor.
      250 Route 9W, Glenmont, NY 12077
      View Details
    • Contact for pricing
      23,000 SF

      Moriah Commons Phase II Retail Space

      Glenmont, NY Retail Center - Multiple Units Available
      250 Route 9W, Glenmont, NY 12077
      View Details
    • $5,400 /Mo
      4,000 SF

      Glenmont Office Space For Rent

      High-visibility office space in Glenmont with frontage on Route 9W.
      11 Jericho Rd, Glenmont, NY 12077
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Land Available

      30+ acres of industrial outdoor storage near Albany Port.
      River Rd, Glenmont, NY 12077
      View Details
    • $1.00 SF/Yr

      Glenmont Office Space For Rent

      Class A/B office finishes with open room, bath, and kitchenette.
      614 Route 9W, Glenmont, NY 12077
      View Details
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    241 Rte 9w
    Glenmont, NY 12077-3007
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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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