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

    989 State Rte 9th 9 Queensbury, NY 12804-1354

    • Retail space
    • 9,380 SF
    • 2.58 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2022
    $1,275,000
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    5.5%
    Retail space
    Location Intelligence
    Property ID
    US63-5437324
    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

    • Retail space

    Property Details for 989 State Rte 9th 9

    Year built
    1977
    Lot size
    2.58 lot acres
    Property size
    9,380 SF
    Zone code
    CI
    Property type
    Retail space
    APN
    523400 296.13-1-22.1
    APU
    523400296131221

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,650,000
      ML approach
      $1,620,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,510,000
      6.5%
      $1,395,000
      7%
      $1,295,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,385,000
      RESTAURANT
      $1,355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Queensbury
    County
    Warren
    State
    New York
    Longitude
    -73.6835
    Latitude
    43.3406
    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
    $15,117
    $299,000
    $327,000
    $626,000
    -
    $351,779
    $384,721
    $736,500

    Comparable in this City

    • Value Estimation
      $810,000
      8,743 SF

      5 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,743 SF
      5 Main St, Queensbury, NY 12804-4087
      View Details
    • Value Estimation by Request
      1,150 SF

      45 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,150 SF
      45 Main St, Queensbury, NY 12804-4008
      View Details
    • Value Estimation
      $795,000
      24,992 SF

      1060 State Rte 9th 9

      RETAIL STORES (PERSONAL SERVICES) • 24,992 SF
      1060 State Rte 9th 9, Queensbury, NY 12804-1371
      View Details
    • Value Estimation by Request
      8,550 SF

      1071 State Rte 9th 9

      RETAIL STORES (PERSONAL SERVICES) • 8,550 SF
      1071 State Rte 9th 9, Queensbury, NY 12804-1375
      View Details
    • Value Estimation by Request
      9,100 SF

      61 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      61 Main St, Queensbury, NY 12804-4010
      View Details
    • Value Estimation by Request
      2,693 SF

      12 Holden Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,693 SF
      12 Holden Ave, Queensbury, NY 12804-3316
      View Details

    Similar Nearby for Sale

    • $1,500,000
      20,000 SF

      Multi-Level Retail/Office/Storage Building

      20,000 SF mixed-use building on 1.73 acres, Main Street frontage.
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    • $1,350,000
      20,000 SF

      Queensbury Mixed-Use Development Opportunity

      20,000 SF mixed-use building on 1.73 acres for sale.
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    • $749,000

      Queensbury Commercial Development Opportunity

      Vacant land ideal for mixed-use development in a prime location.
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    • $1,749,000
      3,472 SF

      Iconic Store with Rental Cabins

      Profitable general store with living space and rental cabins.
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    • Contact for pricing
      43,000 SF

      Queensbury Retail Land Investment Opportunity

      High-traffic corner lots, QSR potential.
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    • $1,200,000
      4,524 SF

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      2.01 acre corner lot with high visibility on Route 9.
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    Similar Nearby for Lease

    • $10 SF/Yr
      9,440 SF

      Queensbury Commercial Space For Rent

      Versatile commercial space suitable for office, retail, or storage.
      281 Dix Ave, Queensbury, NY 12804
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    • $16 SF/Yr
      3,000 SF

      Queensbury Office/Retail Space Available

      3,000 SF office/retail space for lease in Queensbury.
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      View Details
    • $16 SF/Yr

      Office/Retail Space in Fowler Square

      3,460 SF office/retail space in a growing community.
      719 Bay Rd, Queensbury, NY 12804
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    • Contact for pricing
      9,200 SF

      Retail Space with Drive-Through Option

      New retail plaza with drive-through option, highly visible location.
      909 State Route 9, Queensbury, NY 12804
      View Details
    • Contact for pricing
      1,168 SF

      Queensbury Retail, Office, Restaurant Space

      Retail, office, or restaurant space with ample on-site parking.
      750 Glen St, Queensbury, NY 12804
      View Details
    • New
      $14 SF/Yr
      Pending

      Queensbury Commercial Space For Lease

      2,143 SF retail/office space with drive-through, near I-87.
      339 Aviation Rd, Queensbury, NY 12804
      View Details
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    989 State Rte 9th 9
    Queensbury, NY 12804-1354
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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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