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    Commercial Property with Multiple Income Streams Title is generated by Realmo AI

    112 E Broadway Street, Cape Vincent, NY 13618

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    Claim this Listing
    For Sale
    $725,000

    COMMERCIAL - Cape Vincent, NY

    Property size:
    5,226 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $138/SF
    Added:
    Mar 3, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 112 E Broadway Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Rooms
    Basement
    Parking
    10
    Exterior features
    PropaneTankLeased
    Standard status
    Active
    APN
    222801-039-081-0002-008-000
    Size
    5,226 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6340

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Propane (Heating), Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    2
    Number of units
    7
    Flooring type
    Vinyl, Linoleum, Carpet
    Roof type
    Metal

    We can help!

    Listing Contact
    Gayle Wiley

    Listing agent Gayle Wiley License #10301224059

    Listing office Lake Ontario Realty, LLC 12396 NYS Route 12E, Chaumont, NY

    Listing date Mar 3, 2026

    MLS# S1664426

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Diverse income streams from grocery store, laundromat, motel, gas, and kerosene sales.
    • Updated infrastructure includes metal roof, new gas dispenser, underground fuel lines, and new washing machines.
    • High‑traffic location as the only gas station in town.
    • Laundromat equipped with 18 washing machines and 15 dryers.
    • On‑site living with a two‑bedroom apartment.
    • Motel features 6 rooms with ample parking.

    Overview

    This commercial property in Cape Vincent, NY, presents an opportunity to own a business with multiple income streams. The property includes a grocery store, laundromat, and motel, along with gas and kerosene sales. The laundromat features 18 washing machines, including 2 extra-large capacity machines, and 15 dryers. Several new dryers have been ordered and will be installed soon. There are 6 motel rooms with ample parking space. A two-bedroom apartment located above the store can serve as living quarters for the owner or be rented out for additional income. The property benefits from its location on a busy corner and being the only gas station in town, resulting in consistent business throughout the year. The building has a metal roof over the convenience store, laundromat, and motel. A new gas dispenser and underground fuel lines have been installed. The property is zoned C and has a lot size of 0.303 acres. The property size is 5226 square feet. Cape Vincent is situated where Lake Ontario and the St. Lawrence River converge, an area known for fishing, ships, sunsets, dining, and entertainment.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $94.1k $18.00
    − Vacancy −$4.0k −$0.76
    EGI $90.1k $17.24
    − OpEx −$27.0k −$5.17
    NOI $63.1k $12.07
    5,226 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $901.2K
    $788.5K – $1.05M (±1% cap)
    NOI $63,082 @ 7.0% cap · market cap 8.70%
    Second Best
    Hotel Hospitality
    $795.5K
    $696.1K – $928.1K (±1% cap)
    NOI $55,688 @ 7.0% cap · market cap 7.68%
    Theoretical Best
    Office A
    $1.44M
    $1.26M – $1.68M (±1% cap)
    NOI $100,841 @ 7.0% cap · market cap 13.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cape Dairy, Motel ... Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Kitchen & Bath Showroom Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Vincent
    County
    Jefferson
    State
    New York
    Longitude
    -76.33702
    Latitude
    44.127201

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    FAQs

    What type of property is this?
    Grocery and convenience store - Grocery store, laundromat, motel, gas, and apartment in Cape Vincent.
    Where is this grocery and convenience store located?
    The property is located at 112 E Broadway Street Cape Vincent, NY.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Diverse income streams from grocery store, laundromat, motel, gas, and kerosene sales.; Updated infrastructure includes metal roof, new gas dispenser, underground fuel lines, and new washing machines.; High‑traffic location as the only gas station in town.
    (315) 649-3434
    We can help!
    Listing Contact
    Gayle Wiley
    Real Estate License ID: 10301224059
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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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