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Property profile & analytics
OFF-MARKET Estimated value $2,090,000
Office buildings

407 Big Bay Rd Queensbury, NY 12804-7856

16,000 SF 0.01 ac lot Built 2021
Entity Owned 4-yr Hold Free & Clear
Property ID
US63-1237776
Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2021
Total area 16,000 SF
Lot 0.01 ac (436 SF)
Zoning code CLI
APN 523400 309.17-1-16./1
UPID US63-1237776
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.46M
Blend (final) Blend
$2.09M
Owner & transaction history
407 Big Bay Road LLC · 4 yrs held
407 Big Bay Road LLC
since 2021
1 recorded transaction
2021
$300,000
Zoning & alternative use
CLI · Queensbury, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Commercial-Light Industrial. The purpose of the Commercial-Light Industrial (CLI) District is to provide for mixed commercial and light industrial uses in order to maximize utilization of this area of the Town that will enhance the Town's tax base and provide quality jobs, particularly those areas that are in transition between older industrial uses and newe…

Zone name Commercial Light Industrial
General category INDUSTRIAL
Zone area 1,969.70 ac
Top alternative use upside
Restaurant $2.9M +31.1%
Commercial (general) $2.7M +22.2%
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