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

    38 Geer St Glens Falls, NY 12801-3836

    • Warehouses
    • 3,080 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    8.6%
    Warehouses
    Location Intelligence
    Property ID
    US63-1833345
    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

    • R. Cohen Recycling / Recycling Center

    Property Details for 38 Geer St

    Year built
    1960
    Lot size
    1.20 lot acres
    Property size
    3,080 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    520500 303.18-7-3
    APU
    5205003031873

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $385,000
      6.5%
      $355,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $258,000
      Market price range: $66.2k - $326k
      AI Estimate
      $206,000
      Market price range: $83.6k - $236k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $195,000
      Current use
      OFFICE BUILDING
      $430,000
      Change: +121% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $310,000
      Change: +59% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glens Falls
    County
    Warren
    State
    New York
    Longitude
    -73.6286
    Latitude
    43.3126
    CBSA code
    24020
    CBSA name
    GLENS FALLS, 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
    2021
    $0.00
    $132,300
    $33,500
    $165,800
    -
    $140,745
    $35,638
    $176,383

    Comparable in this City

    • Value Estimation
      $265,000
      2,160 SF

      51 Leonard St

      WAREHOUSE, STORAGE • 2,160 SF
      51 Leonard St, Glens Falls, NY 12801
      View Details
    • Value Estimation
      $410,000
      10,193 SF

      68th Gln St

      WAREHOUSE, STORAGE • 10,193 SF
      68th Gln St, Glens Falls, NY 12801-4433
      View Details
    • Value Estimation
      $325,000
      6,840 SF

      4 Leland Dr

      WAREHOUSE, STORAGE • 6,840 SF
      4 Leland Dr, Glens Falls, NY 12801
      View Details
    • Value Estimation
      $320,000
      4,800 SF

      7 Leland Dr

      WAREHOUSE, STORAGE • 4,800 SF
      7 Leland Dr, Glens Falls, NY 12801-3208
      View Details
    • Value Estimation
      $320,000
      4,875 SF

      231 Warren St

      WAREHOUSE, STORAGE • 4,875 SF
      231 Warren St, Glens Falls, NY 12801
      View Details
    • Value Estimation
      $545,000
      15,487 SF

      178-180 Maple St

      WAREHOUSE, STORAGE • 15,487 SF
      178-180 Maple St, Glens Falls, NY 12801
      View Details

    Similar Nearby for Sale

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      Commercial Property on Busy Route

      High-exposure commercial property with showroom, office, warehouse, and service areas.
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    • $499,000
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    • $6,105,840
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    • $559,000
      5,283 SF

      Downtown Glens Falls Mixed-Use Building

      Fully occupied mixed-use building in vibrant downtown Glens Falls.
      173-175 Glen St, Glens Falls, NY 12801
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    • New
      $205,000
      Pending

      Glens Falls Multifamily Income Property

      Multifamily property near downtown Glens Falls with tenant income.
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    Similar Nearby for Lease

    • $10 SF/Yr
      5,400 SF

      Glens Falls Industrial Warehouse Space

      5,400 SF Flex Warehouse for Lease
      120 Dix Ave, Glens Falls, NY 12801
      View Details
    • $10 SF/Yr
      6,360 SF

      Flex/Warehouse Space For Lease

      Flex/warehouse space featuring five grade level doors and small office.
      120 Dix Ave, Glens Falls, NY 12801
      View Details
    • $1.00 SF/Yr
      45,417 SF

      Industrial & Office Complex For Lease

      Industrial and office spaces available for lease in Glens Falls.
      76 Lawrence St, Glens Falls, NY 12801
      View Details
    • $20 SF/Yr
      80,806 SF

      Anchored Shopping Center Space Available

      Retail space with drive-thru available in Glens Falls, NY.
      175 Broad St, Glens Falls, NY 12801
      View Details
    • $18 SF/Yr

      Historic Building Retail/Office Space

      Retail and office spaces available in historic Empire Theater Building.
      11 South St, Glens Falls, NY 12801
      View Details
    • Contact for pricing
      11,380 SF

      Retail Building in Prime Location

      Free-standing retail building in Glens Falls, highly walkable area.
      124 Ridge St, Glens Falls, NY 12801
      View Details
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    38 Geer St
    Glens Falls, NY 12801-3836
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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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