Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23/25 Park St Canton, NY 13617

    Sponsored
    For Sale
    $550,000

    COMMERCIAL - Canton, NY

    Days on Market:
    218
    Last Refresh:
    Jan 29 at 10:06 am

    Property Features for 23/25 Park St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    88.043-2-24.11

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Floors in Building
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Nikki Coates

    Nikki Coates & Associates LLC (315) 265-4303

    Listing agent Nikki Coates (315) 265-4303 License #10491202119

    Listing date Jun 26, 2025

    MLS# 51527 Listing URL

    Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Commercial Building with Lease

    Located in Canton, NY, the property at 23/25 Park St. is a renovated two-story commercial building. Currently configured for a medical practice, the architect-designed space includes reception areas, provider offices, seven exam rooms, storage rooms, lab space, and multiple full and half baths. The existing medical practice will remain as a tenant with a long-term lease. The building could be converted into four residential apartments, with one designed to be ADA compliant. This property presents an opportunity for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.1681159
    Latitude
    44.5943606

    Nearby Similar for Sale

    • $325,000
      Pending

      Canton Multifamily with Oversized Garage

      Spacious multifamily property with a large detached four-car garage.
      40 E Main St, Canton, NY 13617
      View Details
    • $440,000
      0.12 Acres

      Historic Mixed-Use Building in Canton

      Two-story commercial building with office, apartment, and retail spaces.
      70 Main St, Canton, NY 13617
      View Details
    • $449,000
      0.53 Acres

      Commercial Opportunity in Canton, NY

      Two commercial buildings with established businesses in Canton, NY.
      37 Gouverneur St, Canton, NY 13617
      View Details
    • $350,000
      2.20 Acres

      Historic Victorian With Mixed-Use Potential

      1860s Victorian on 2 acres near village green.
      5862 Ush 11, Canton, NY 13617
      View Details
    • $320,000
      6,432 SF

      Historic Victorian Apartment Building in Canton

      Magnificent historic apartment building in Canton, NY with income potential.
      18 W Main St, Canton, NY 13617
      View Details
    • $340,000
      0.40 Acres

      Turnkey Automotive Repair Facility

      Fully operational automotive repair facility with additional rental income potential.
      18 Riverside Dr, Canton, NY 13617
      View Details
    • $385,600
      Pending

      Updated Four-Unit Brick Building

      Well-maintained, fully occupied four-unit building near downtown Canton.
      33 Park St, Canton, NY 13617
      View Details
    • $59,500
      Pending

      Morley Bingo Hall For Sale

      Commercial building with kitchen, parking, and fire suppression systems.
      7236 County Route 27, Canton, NY 13617
      View Details
    • $1,250,000
      13,256 SF

      Cascade Inn & Motel: Waterfront Gem

      Profitable Restaurant, Motel, & Bar on Grasse River
      4 Main St, Canton, NY 13617
      View Details
    • $549,000
      3,214 SF

      Canton Commercial Property - Prime Location

      Established Businesses, High Visibility, Ample Parking
      37 Gouve, Canton, NY 13617
      View Details
    • $489,000
      8.50 Acres

      Canton Mobile Home Park Investment

      8.5 Acres, 30 Spaces, High Occupancy
      6258 Us Highway 11, Canton, NY 13617
      View Details
    • $305,000
      1,630 SF

      Canton Highway 11 Business Opportunity

      Prime Canton Location: Home & Business Potential
      5969 Us Highway 11, Canton, NY 13617
      View Details

    FAQs

    What type of property is this?
    Medical office - Two-story renovated commercial building with long-term medical tenant.
    Where is this medical office located?
    The property is located at 23/25 Park St Canton, NY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Leased to a thriving medical practice providing immediate rental income; - Beautifully renovated 2-story building; - Potential to convert into four residential apartments
    (315) 265-4303
    Request Owner's contact information
    23/25 Park St Canton, NY 13617
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23/25 Park St
    Canton, NY 13617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    23/25 Park St Canton, NY 13617
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nikki Coates
    Real Estate License ID: 10491202119
    (315) 265-4303
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.