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    Property profile & analytics

    3986 Main St, Unit Warrensburg Warrensburg, NY 12885

    • Retail space
    • 1,546 SF
    • 0.26 lot acres
    For Sale
    View listing
    $395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5324169
    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

    • Retail space

    Property Details for 3986 Main St

    Year built
    1997
    Lot size
    0.26 lot acres
    Property size
    1,546 SF
    Zone code
    01 - NOT ZONED
    Property type
    Retail space
    APN
    524000 210.12-2-1.2
    APU
    52400021012212

    Description

    This exceptional retail property, located at 3986 Main St Unit 3986 in Warrensburg, NY, presents a compelling investment opportunity. Priced at $449,000, this property offers a substantial 0.26-acre lot, providing ample space for various retail ventures. The property's address, 3986 Main St Unit 3986, ensures high visibility and accessibility for potential customers. Situated in the vibrant town of Warrensburg, NY, this location benefits from significant foot traffic and easy access to major transportation routes. The property's size and location make it ideal for a wide range of retail businesses, from boutiques and cafes to specialty shops and service providers. The building's specific square footage is currently unavailable, but the generous lot size offers significant potential for expansion or outdoor seating areas. This property is a rare find, combining prime location with a competitive price point, making it an attractive investment for discerning buyers seeking a strong return on their investment in the thriving Warrensburg market. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is ready for immediate occupancy and offers a blank canvas for a creative entrepreneur to establish a thriving business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrensburg
    County
    Warren
    State
    New York
    Longitude
    -73.7786
    Latitude
    43.4986
    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
    $45,000
    $120,000
    $165,000
    -
    $52,336
    $139,564
    $191,900

    Comparable in this City

    • Value Estimation
      $1,805,000
      10,640 SF

      3760 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,640 SF
      3760 Main St, Warrensburg, NY 12885-1836
      View Details
    • Value Estimation by Request
      1,224 SF

      4039 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,224 SF
      4039 Main St, Warrensburg, NY 12885
      View Details
    • Value Estimation
      $1,155,000
      7,612 SF

      3761 Main St

      SHOW ROOM, WAREHOUSE • 7,612 SF
      3761 Main St, Warrensburg, NY 12885-1837
      View Details
    • Value Estimation
      $1,145,000
      6,825 SF

      22 Raymond Ln

      SHOW ROOM, WAREHOUSE • 6,825 SF
      22 Raymond Ln, Warrensburg, NY 12885-1108
      View Details
    • Value Estimation by Request
      2,962 SF

      3852 Main St

      FINANCIAL BUILDING • 2,962 SF
      3852 Main St, Warrensburg, NY 12885-1431
      View Details
    • Value Estimation by Request
      3,960 SF

      3853 Main St

      FINANCIAL BUILDING • 3,960 SF
      3853 Main St, Warrensburg, NY 12885-1400
      View Details

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    3986 Main St, Unit Warrensburg
    Warrensburg, NY 12885
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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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