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    643 Glen St Queensbury, NY 12801
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    643 Glen St, Queensbury, NY 12801

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    • Investment properties
    • 29,246 SF
    • 5.38 lot acres
    For Sale
    $1,400,000
    View Listing →
    Commercial Property on Busy Route For Sale
    $1,400,000
    32,207 SF

    Commercial Property on Busy Route

    High-exposure commercial property with showroom, office, warehouse, and service areas.

    643 Glen Street, Queensbury, NY 12801
    View Listing
    Property ID
    US63-3512699
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 643 Glen St

    Year built
    1951
    Lot size
    5.38 lot acres
    Zone code
    CI
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    523400 302.11-1-2
    APU
    5234003021112

    Description

    This exceptional 5.38-acre retail property located at 643 Glen St Unit 643, Queensbury, NY, presents a significant investment opportunity. The property is zoned for retail use and offers substantial potential for a variety of commercial ventures. Its expansive 5.38-acre lot provides ample space for development, expansion, or significant parking, catering to a wide range of business needs. The strategic location in Queensbury, NY, ensures high visibility and accessibility, attracting a substantial customer base. The asking price of $1,695,000 reflects the property's considerable potential and prime location within a thriving commercial area. This is an ideal opportunity for an investor or business owner seeking a large-scale retail space with significant development potential. The property's size and location make it suitable for a variety of retail concepts, from large-format stores to smaller boutique shops. Detailed site plans and zoning information are available upon request. Serious inquiries only. This is a rare opportunity to acquire a substantial retail property in a desirable location. Don't miss out on this chance to secure a prime piece of Queensbury real estate. The property is ready for immediate development or occupancy, offering flexibility for a wide range of business plans. Further information regarding the property's specifics can be provided upon request. Act quickly to capitalize on this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,756,000
      Market price range: $2.76M - $7.11M
      AI Estimate
      $2,299,000
      Market price range: $1.91M - $6.74M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Queensbury
    County
    Warren
    State
    New York
    Longitude
    -73.6645
    Latitude
    43.3244
    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
    $8,880
    $540,300
    $814,700
    $1,355,000
    -
    $635,640
    $958,460
    $1,594,100

    Comparable in this City

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      50 Queensbury Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      50 Queensbury Ave, Queensbury, NY 12804-7600
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      94 Glenwood Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      94 Glenwood Ave, Queensbury, NY 12804-1700
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      351 Bay Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      351 Bay Rd, Queensbury, NY 12804-1403
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    • Value Estimation
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      2,070 SF

      10 Antler Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      10 Antler Dr, Queensbury, NY 12804-6789
      View Details
    • Value Estimation by Request
      2,464 SF

      928 State Rte 9th 9

      OFFICE/RESIDENTIAL (MIXED USE)
      928 State Rte 9th 9, Queensbury, NY 12804-1320
      View Details

    Similar Nearby for Sale

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    • $540,000

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      Prime Commercial Development Opportunity

      7+ acres with I-87 access, ideal for mixed-use development.
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    • $749,000

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      Vacant land ideal for mixed-use development in a prime location.
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    Similar Nearby for Lease

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      Queensbury Commercial Land For Rent

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      20,000 SF

      New Construction Industrial Space Available

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      New Warehouse Space For Lease

      New 20,000 SF warehouse space available for lease.
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    • $1,800 /Mo
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      Queensbury Commercial Space For Lease

      1,516 SF commercial space for lease in Queensbury, NY.
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    • $1,500 /Mo
      924 SF

      Freestanding Office Building For Lease

      924 SF freestanding office building with parking and central air.
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      View Details
    View Listing
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    643 Glen St
    Queensbury, NY 12801
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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.

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