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Property profile & analytics
FOR SALE
Warehouses
470 Lck 8 Way, Fort Edward, NY 12839
Individually Owned
4-yr Hold
Free & Clear
Property ID
US63-1766618
For Sale
$8,000,000
470 Lck 8 Way, Fort Edward, NY 12839
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
41,280 SF
Lot
50.96 ac (2,219,818 SF)
Zoning code
M1
APN
533089 163.-2-20.1
UPID
US63-1766618
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
$4.77M
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$4.36M
Owner & transaction history
Counties Warren&wa Indu · 4 yrs held
Counties Warren&wa Indu
since 2022
2 recorded transactions
Zoning & alternative use
M1 · Hudson Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+102.6%
Retail stores
$5.1M
+98.1%
Office building
$4.2M
+64.2%
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 Fort Edward submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Edward 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,165,000
6.5%
$4,770,000
7%
$4,430,000
Alternative Use
Use
Estimation
RESTAURANT
$5,225,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$5,105,000
Change: +98% · Conversion: Moderate
OFFICE BUILDING
$4,235,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,670,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,120,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±10%
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
$106 / 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
$5,968,000
Assessed 2023
Previous assessed
$5,968,000
+0.0% YoY
Assessed land
$1,562,800
Assessed improvement
$4,405,200
Land market value
$1,562,800
Improvement market value
$4,405,200
Total market value
$5,968,000
Applied tax rate
533,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2009
Heating
NONE
Buildings
2
Stories
2
Total area
41,280 SF
Lot
50.96 ac (2,219,818 SF)
Zoning code
M1
APN
533089 163.-2-20.1
UPID
US63-1766618
Jurisdiction
WASHINGTON
Zoning & alternative use
M1 · Hudson Falls, NY
Zoning M1 · permitted uses
M1 · Hudson Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hudson Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.2M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RESTAURANT
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2009
Heating
NONE
Stories
2
Buildings
2
Lot
50.96 ac
Current owner
From public records · entity-resolved
Counties Warren&wa Indu
Individual
Free & Clear · 4 yrs held
Mailing address
5 WARREN ST, GLENS FALLS, NY 12801-4565
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
—
Counties Warren&wa Indu
Fort Edward Local Pro Dev
Deed
—
Dec 28, 2018
—
Fort Edward Local Devel Corptn
Wcc LLC
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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