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    329 Kingsboro Ave Gloversville, NY 12078-4611
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    Property profile & analytics

    329 Kingsboro Ave Gloversville, NY 12078-4611

    View on Map
    • Community centers
    • 151,246 SF
    • 31.20 lot acres
    Off-Market
    Property ID
    US63-2855968
    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
    $16,670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart Business Center / (Bike/Boat/Book/etc) Store
    • Walmart Tech Services / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Primo Water Refill & Exchange / Big Box & Wholesale Store
    • First Choice Financial Federal Credit Union / Credit Union

    Property Details for 329 Kingsboro Ave

    Year built
    2013
    Lot size
    31.20 lot acres
    Property size
    151,246 SF
    Zone code
    M
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    170500 149.18-5-1.1
    APU
    17050014918511

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $18,955,000
      RESTAURANT
      $15,805,000
      MEDICAL BUILDING
      $13,745,000
      OFFICE BUILDING
      $12,930,000
      COMMERCIAL (GENERAL)
      $11,310,000
      RETAIL STORES
      $11,260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloversville
    County
    Fulton
    State
    New York
    Longitude
    -74.3426
    Latitude
    43.0309
    CBSA code
    24100
    CBSA name
    GLOVERSVILLE, NY MICROPOLITAN 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
    $842,400
    $10,157,600
    $11,000,000
    -
    $1,103,484
    $13,305,738
    $14,409,222

    Comparable in this City

    • Value Estimation
      $1,360,000
      11,201 SF

      169 Main St

      MINI-MALL • 11,201 SF
      169 Main St, Gloversville, NY 12078-2402
      View Details
    • Value Estimation
      $1,515,000
      12,400 SF

      172 Main St

      MINI-MALL • 12,400 SF
      172 Main St, Gloversville, NY 12078-2401
      View Details
    • Value Estimation
      $885,000
      10,957 SF

      370 Main St

      MINI-MALL • 10,957 SF
      370 Main St, Gloversville, NY 12078-1606
      View Details
    • Value Estimation
      $1,695,000
      14,136 SF

      355 Main St

      MINI-MALL • 14,136 SF
      355 Main St, Gloversville, NY 12078
      View Details
    • Value Estimation
      $10,455,000
      93,534 SF

      233 5th Ave Ext

      MINI-MALL • 93,534 SF
      233 5th Ave Ext, Gloversville, NY 12078-1814
      View Details
    • Value Estimation
      $530,000
      3,496 SF

      196 2nd Ave

      SHOPPING CENTER, STRIP CENTER • 3,496 SF
      196 2nd Ave, Gloversville, NY 12078-2500
      View Details

    Similar Nearby for Sale

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      Retail property with high visibility and business potential.
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      Mixed-Use Property in Gloversville, NY

      Mixed-use property with development potential in Gloversville, NY.
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      Turnkey Auto Body Shop

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      13,000 SF

      Gloversville Warehouse with Auto Shop

      13,000+ Sq. Ft. warehouse with mechanic shop on 3 acres.
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      Gloversville Mixed-Use Investment Opportunity

      Renovated apartments and corner store in downtown Gloversville.
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      Turn-Key Auto Body Shop

      Auto body shop with additional lot for extra parking.
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    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Retail Space in Leased Center

      Retail space available in a fully leased shopping center.
      27-79 Arterial Plz, Gloversville, NY 12078
      View Details
    • $1,200 /Mo
      2,614 SF

      Gloversville Commercial Space For Rent

      Highly trafficked area, endless opportunities for office or retail.
      7 N Main St, Gloversville, NY 12078
      View Details
    • Contact for pricing
      9,000 SF

      Retail Spaces Available for Rent

      Multiple retail spaces available for rent in Gloversville, NY.
      40 Church St, Gloversville, NY 12078
      View Details
    • Contact for pricing

      Commercial Outparcel For Rent

      0.5 acre outparcel available in Family Dollar-anchored center.
      30 Church St, Gloversville, NY 12078
      View Details
    • $4 SF/Yr
      300,000 SF

      Warehouse/Distribution Space for Lease

      31,500 SF warehouse/distribution space available for lease.
      204 County Rd 157, Gloversville, NY 12078
      View Details

    Property Visit Statistics

    • Visits by month
      230.9k
    • Visitors by month
      69.2k
    • Avg Time on site
      38 min
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    Gloversville, NY 12078-4611
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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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