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    40 Meadow Lane Champlain, NY 12919

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    Claim this Listing
    New
    For Sale
    $525,000

    MULTI_FAMILY - Champlain, NY

    Property size:
    10,400 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $50/SF
    Added:
    Apr 26, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 40 Meadow Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi Residence
    Bedrooms
    26
    Bathrooms
    13
    Rooms
    Bathroom 13, Bedroom 14, Bedroom 26, Bathroom 5, Bedroom 15, Bedroom 18, Bedroom 21, Bedroom 24, Bedroom 20, Bathroom 3, Bathroom 7, Bathroom 4, Bathroom 6, Bathroom 1, Bedroom 23, Bedroom 5, Bedroom 11, Bedroom 17, Bathroom 9, Bedroom 12, Bedroom 16, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 12, Bedroom 10, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 11, Bedroom 6, Bedroom 9, Bedroom 22, Bedroom 13, Bathroom 10, Bathroom 8, Bedroom 1, Bedroom 19, Bedroom 25
    Parking
    26
    Standard status
    Active
    APN
    092801 18.15-6-20
    Size
    10,400 SF
    Lot size
    1.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2088

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1986
    Number of units
    13
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Alec Wright

    Listing agent Alec Wright License #10401394223

    Listing office Inglenook Realty Inc 1525 Route 29, Ste 280, Galway, NY

    Listing date Apr 26, 2026

    MLS# 202615831 Listing URL

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Champlain Mobile Home Park Investment

    This 13-unit mobile home park in Champlain presents an investment opportunity in the affordable housing market. Currently operating at 85% occupancy, the property offers immediate income with potential to increase revenue through lease-up and operational efficiencies. The property features infrastructure including town-maintained roads, public water and public sewer, and natural gas availability. All sites are improved with 16x76 Alaskan slabs. The combination of municipal utilities and site improvements lowers operational risk. With operational optimization potential, investors can further increase net operating income by bringing occupancy to 100% and adjusting lot rents to market levels. Located near the Canadian border and key regional employment corridors, Champlain benefits from demand for affordable housing. The property consists of two separate tax parcels that must be sold together. The property has 1.5 acres of land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Champlain
    County
    Clinton
    State
    New York
    Longitude
    -73.452966
    Latitude
    44.984327

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    FAQs

    What type of property is this?
    Mobile home & RV park - Thirteen-unit mobile home park with value-add potential.
    Where is this mobile home & rv park located?
    The property is located at 40 Meadow Lane Champlain, NY.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: High 11.94% Cap Rate offers **strong returns**.; Value‑Add Opportunity: 85% occupancy with potential to reach 100% and increase rents.; Public Water & Sewer: Eliminates well/septic maintenance.
    (518) 633-7509
    We can help!
    Listing Contact
    Alec Wright
    Real Estate License ID: 10401394223
    Learn More
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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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