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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Investment properties
28 Main St South Glens Falls, NY 12803-4732
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2574381
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1965
Total area
2,569 SF
Lot
0.28 ac (12,197 SF)
Zoning code
C1
APN
414401 37.45-1-9
UPID
US63-2574381
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
-
Wash and Wear Laundry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$424k
Blend (final)
Blend
$635k
Owner & transaction history
Melchizedek Laudromat LLC · 4 yrs held
Melchizedek Laudromat LLC
since 2021
Last sale
$638,000
5 recorded transactions
Zoning & alternative use
C1 · South Glens Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$510,000
+69.6%
Auto repair, garage
$415,000
+36.9%
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 South Glens Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
Method
Estimation
Statistic approach
$695,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$510,000
Change: +70% · Conversion: Easy
AUTO REPAIR, GARAGE
$415,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $638k (Nov 23 2021)
Last sale anchor
$638k
Nov 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$247 / SF
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
Property tax & assessments
Assessed value
$630,000
Assessed 2023
Previous assessed
$600,000
+5.0% YoY
Assessed land
$61,700
Assessed improvement
$568,300
Land market value
$61,700
Improvement market value
$568,300
Total market value
$630,000
Applied tax rate
414,401.0000
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
1965
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,569 SF
Lot
0.28 ac (12,197 SF)
Zoning code
C1
APN
414401 37.45-1-9
UPID
US63-2574381
Jurisdiction
SARATOGA
Zoning & alternative use
C1 · South Glens Falls, NY
Zoning C1 · permitted uses
C1 · South Glens Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Glens Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$415,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Melchizedek Laudromat LLC
Entity
Mailing address
16 HUDSON AVE UNIT #2661, GLENS FALLS, NY 12801-5467
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
$638,000
Melchizedek Laudromat LLC
Cia Holdings LLC
Warranty Deed
$743,750 · Cia Holdings LLC
Dec 26, 2019
$575,000
Cia Holdings LLC
K Chen Properties LLC
Warranty Deed
related
$460,000 · Nbt Bk
Jan 29, 2014
$100,000
K Chen Properties LLC
Wash & Wear Ny LLC
Warranty Deed
—
Jun 18, 2013
—
Wash & Wear Ny LLC
Wash & Wear Ny LLC
Quit Claim Deed
related
—
Apr 24, 2013
$45,000
Wash & Wear Ny LLC
Leemilts Petroleum INC
Grant Deed
—
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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