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    Property profile & analytics

    76 Lawrence St Glens Falls, NY 12801-3741

    • Industrial properties
    • 19,482 SF
    • 4.86 lot acres
    OFF-MARKET
    Last Sale
    Apr 17, 2024
    $1,030,000
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5160981
    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

    • Grey Ghost Bicycles / Bicycle Shop / Bicycle Repair Shop
    • Kind Cycling Studio / Indoor Cycling
    • Hallwear / Sportswear Store / Uniform Store
    • Fronhofer Design / Manufacturer

    Property Details for 76 Lawrence St

    Year built
    1970
    Lot size
    4.86 lot acres
    Property size
    19,482 SF
    Zone code
    LI
    Property type
    Industrial properties
    APN
    520500 303.17-4-3.11
    APU
    520500303174311

    Description

    This exceptional 45,417 square foot multi-tenant flex space complex, known as Station 76, is ideally situated at 76 Lawrence Street in Glens Falls, New York, 12801. The property boasts five single-story buildings, offering a versatile layout suitable for a variety of industrial and office uses. Tenants will benefit from 18-foot ceiling heights in a Class A building, providing ample vertical space for operations or storage. The property includes 10 loading docks for efficient material handling and a substantial 150-space parking lot for employees and visitors. The expansive 4.38-acre lot provides significant yard space, adding to the property's functionality. Zoned for light industrial use, this property offers flexibility for a wide range of businesses. The complex is conveniently located near the intersection of Lawrence and Cooper Streets in the Glens Falls submarket of Warren County. Up to 42,155 square feet is currently available, with the owner open to subdividing spaces to accommodate specific tenant needs. This presents a unique opportunity to secure a well-appointed, strategically located industrial and office complex in a thriving New York market. Power is available on-site.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,030,000
      ML approach
      $1,030,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $994,000
      Market price range: $480k - $1.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glens Falls
    County
    Warren
    State
    New York
    Longitude
    -73.6366
    Latitude
    43.3147
    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
    $342,400
    $675,800
    $1,018,200
    -
    $364,255
    $718,936
    $1,083,191

    Comparable in this City

    • Value Estimation
      $305,000
      1.99 Acres

      Shermantown Rd

      INDUSTRIAL (GENERAL) • 1.99 Acres
      Shermantown Rd, Glens Falls, NY 12801
      View Details
    • Value Estimation
      $285,000
      0.42 Acres

      R Murray St

      INDUSTRIAL (GENERAL) • 0.42 Acres
      R Murray St, Glens Falls, NY 12801
      View Details
    • Value Estimation
      $330,000
      3,200 SF

      263-265 R Warren St

      INDUSTRIAL (GENERAL) • 3,200 SF
      263-265 R Warren St, Glens Falls, NY 12801
      View Details
    • Value Estimation
      $400,000
      14,507 SF

      31-33 Broad St

      INDUSTRIAL (GENERAL) • 14,507 SF
      31-33 Broad St, Glens Falls, NY 12801
      View Details
    • Value Estimation
      $295,000
      1,053 SF

      1 Polly Beeman Ln

      LUMBERYARD, BUILDING MATERIALS • 1,053 SF
      1 Polly Beeman Ln, Glens Falls, NY 12801-4708
      View Details
    • Value Estimation
      $455,000
      19.74 Acres

      Oakland Ave

      MANUFACTURING (LIGHT) • 19.74 Acres
      Oakland Ave, Glens Falls, NY 12801
      View Details

    Similar Nearby for Sale

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      Downtown Glens Falls Mixed-Use Investment

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    Similar Nearby for Lease

    • $1.00 SF/Yr
      45,417 SF

      Industrial & Office Complex For Lease

      Industrial and office spaces available for lease in Glens Falls.
      76 Lawrence St, Glens Falls, NY 12801
      View Details
    • $10 SF/Yr
      5,400 SF

      Glens Falls Industrial Warehouse Space

      5,400 SF Flex Warehouse for Lease
      120 Dix Ave, Glens Falls, NY 12801
      View Details
    • $10 SF/Yr
      6,360 SF

      Flex/Warehouse Space For Lease

      Flex/warehouse space featuring five grade level doors and small office.
      120 Dix Ave, Glens Falls, NY 12801
      View Details
    • Contact for pricing
      85,000 SF

      Hannaford Plaza Retail Space Available

      Glens Falls, NY Shopping Center Space
      175 Broad Street Plz, Glens Falls, NY 12801
      View Details
    • $14 SF/Yr
      302,484 SF

      Class A Office Space Available

      Class A office space for rent in Glens Falls.
      333 Glen St, Glens Falls, NY 12801
      View Details
    • $15 SF/Yr
      7,692 SF

      Glens Falls Office Space

      Second floor office space near Glens Falls Hospital.
      84 Broad Street Plz, Glens Falls, NY 12801
      View Details
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    76 Lawrence St
    Glens Falls, NY 12801-3741
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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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