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    The Largest CRE Database in the US with Over 1 Million Listings

    43 Jct Rd Saranac Lake, NY 12983

    Sponsored
    For Sale
    $3,000,000

    COMMERCIAL - Saranac Lake, NY

    Property size:
    5,045 SF
    Lot size:
    8.80 Acres
    Days on Market:
    183
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 43 Jct Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    422-3, 13.2, 14, 15, 17
    Parking features
    Parking Lot, Oversize, RV
    Interior features
    Bar, Built-in Features, Natural Woodwork, Pantry, Storage, Wired for Sound
    Exterior features
    Barbecue, Dog Run, Fire Pit, Lighting, Outdoor Grill, RV Hookup, Storage
    Basement
    Full, Exterior Entry, Partial, Storage Space
    Appliances
    Bar Fridge, Built-In Range, Dishwasher, Freezer, Refrigerator, Water Heater
    Size
    5,045 SF
    Lot size
    8.80 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1891
    Flooring type
    Wood
    Building materials
    Natural Building, T1-11, 2x6 Walls
    Roof type
    Rolled Hot Mop, Composition
    Additional Structures
    Storage, Kennel/Dog Run

    We can help!

    Listing Contact
    James Lavalley

    LaValley Real Estate (518) 359-9440

    Listing agent James Lavalley (518) 359-9440

    Listing date Aug 22, 2025

    MLS# 204076

    Copyright © 2026 Adirondack Champlain Valley MLS. 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

    Overview

    Four Season Destination with Expansion

    This commercial property, located in a four-season destination and a main hub for the Adirondack Rail/Trail, includes a restaurant and bar, overnight accommodations, and a four-bedroom owner's home. The property also features a guest cabin, a 24-hook-up campground that is being expanded, and a laundry/bath house. Additional structures include a four-stall garage and a large pavilion. A historic train station on the premises has received a state grant to develop bike repair services along with grab-and-go food and beverage options. The property is situated on 8.8 acres and encompasses 5,045 square feet. It is positioned as a main hub for winter snowmobiling and benefits from a rapidly growing bike trail. The property is located in Saranac Lake, NY.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.230429
    Latitude
    44.369968

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    FAQs

    What type of property is this?
    Hotel - Thriving restaurant, bar, accommodations, campground, and train station development.
    Where is this hotel located?
    The property is located at 43 Jct Rd Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Four-season destination property and hub for the Adirondack Rail/Trail, attracting year-round business.; - Established restaurant/bar with overnight accommodations, a 4-bedroom owner's home, and a guest cabin.; - **24-hook up campground with expansion potential**, plus laundry/bath house.
    (518) 359-9440
    Request Owner's contact information
    43 Jct Rd Saranac Lake, NY 12983
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    Saranac Lake, NY 12983
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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
    43 Jct Rd Saranac Lake, NY 12983
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    We can help!
    Listing Contact
    James Lavalley
    (518) 359-9440
    Learn more
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