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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Strip malls
894 State Rte 9th 9, Queensbury, NY 12804-1797
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1237296
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Total area
11,830 SF
Lot
1.22 ac (53,143 SF)
Zoning code
CM
APN
523400 296.17-1-49
UPID
US63-1237296
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
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$506k
Blend (final)
Blend
$505k
Owner & transaction history
Clm Empire LLC · 6 yrs held
Clm Empire LLC
since 2019
3 recorded transactions
Zoning & alternative use
CM · Queensbury, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$795,000
+183.8%
Auto repair, garage
$795,000
+183.8%
Retail stores
$730,000
+159.7%
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 Queensbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Queensbury 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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$795,000
Change: +184% · Conversion: Difficult
AUTO REPAIR, GARAGE
$795,000
Change: +184% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +160% · Conversion: Easy
INDUSTRIAL (GENERAL)
$440,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$43 / 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
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$5,003
Tax year 2021
Assessed value
$2,011,000
Assessed 2023
Previous assessed
$2,011,000
+0.0% YoY
Effective rate
0.25%
On assessed value
Assessed land
$594,000
Assessed improvement
$1,417,000
Land market value
$698,829
Improvement market value
$1,667,071
Total market value
$2,365,900
Applied tax rate
523,402.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
11,830 SF
Lot
1.22 ac (53,143 SF)
Zoning code
CM
APN
523400 296.17-1-49
UPID
US63-1237296
Jurisdiction
WARREN
Zoning & alternative use
CM · Queensbury, NY
Zoning CM · permitted uses
CM · Queensbury, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Queensbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$795,000
RETAIL STORES
Est. value
$730,000
INDUSTRIAL (GENERAL)
Est. value
$440,000
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2019
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Clm Empire LLC
Entity
Mailing address
179 CAROLINE ST APT A, SARATOGA SPRINGS, NY 12866-3454
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2019
$251,091
Clm Empire LLC
894 Realty LLC
Warranty Deed
related
$1,800,000 · Pioneer Bk
Apr 12, 2017
$325,000
894 Realty LLC
Dangelo,thomas P
Warranty Deed
—
Feb 10, 2017
$50,000
Thomas P Dangelo
Ashline,linda D
Quit Claim 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
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