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

    6 Michigan St Hudson Falls, NY 12839-1242

    • Office buildings
    • 4,389 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2612876
    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

    • Kingsbury Town Justice Court / City Courthouse
    • Kingsbury Town Hall / Government Office
    • Maynard Deborah / Nursing Agency

    Property Details for 6 Michigan St

    Year built
    1978
    Lot size
    0.87 lot acres
    Property size
    4,389 SF
    Zone code
    COM1A
    Property type
    Office buildings
    APN
    534489 146.19-1-38.2
    APU
    534489146191382

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $450,000
      Current use
      COMMERCIAL (GENERAL)
      $390,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson Falls
    County
    Washington
    State
    New York
    Longitude
    -73.5733
    Latitude
    43.3183
    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
    0
    $0.00
    $50,000
    $574,000
    $624,000
    -
    $50,000
    $574,000
    $624,000

    Comparable in this City

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      $370,000
      10,000 SF

      3043 State Rte 4th 4

      OFFICE BUILDING • 10,000 SF
      3043 State Rte 4th 4, Hudson Falls, NY 12839-9632
      View Details
    • Value Estimation
      $190,000
      3,328 SF

      100 John St

      OFFICE BUILDING • 3,328 SF
      100 John St, Hudson Falls, NY 12839-2512
      View Details
    • Value Estimation
      $290,000
      2,048 SF

      167 Main St

      OFFICE BUILDING • 2,048 SF
      167 Main St, Hudson Falls, NY 12839-2010
      View Details
    • Value Estimation
      $275,000
      4,770 SF

      114 Main St

      OFFICE BUILDING • 4,770 SF
      114 Main St, Hudson Falls, NY 12839-2012
      View Details
    • Value Estimation
      $390,000
      2,868 SF

      323 Main St

      OFFICE BUILDING • 2,868 SF
      323 Main St, Hudson Falls, NY 12839
      View Details
    • Value Estimation
      $270,000
      7,564 SF

      50 Pne St

      OFFICE BUILDING • 7,564 SF
      50 Pne St, Hudson Falls, NY 12839-2426
      View Details

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      Hudson Falls Two-Family Property

      Two-family property in Hudson Falls with detached garage.
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    • $8,000,000
      78.84 Acres

      78.84 Acre Industrial Site

      Industrial-zoned site with transportation access and 41,000 SF building.
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      Affordable building lot with views near Lake George and Vermont.
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      79,000 SF

      Retail Space in Anchored Center

      Retail spaces available in shopping center anchored by Hannaford Supermarket.
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    • $12 SF/Yr
      79,450 SF

      Kings Plaza: Hudson Falls Retail

      Prime Retail Space, Hudson Falls, NY
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    • Contact for pricing
      11,180 SF

      Prime Corner Retail Opportunity

      Excellent corner location suitable for various retail businesses.
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      View Details
    • Contact for pricing
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      Retail Space in Hudson Falls

      Retail space available in Hudson Falls shopping center.
      3758 Burgoyne Ave, Hudson Falls, NY 12839
      View Details
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    6 Michigan St
    Hudson Falls, NY 12839-1242
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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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