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    Property profile & analytics

    6258 Us Highway 11 Canton, NY 13617

    • Mobile home & RV parks
    • 720 SF
    • 8.50 lot acres
    For Sale
    View listing
    $489,000
    Last Sale
    Aug 27, 2024
    $681,910
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5529310
    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

    • Mobile home & RV parks

    Property Details for 6258 Us Highway 11

    Year built
    1968
    Lot size
    8.50 lot acres
    Property size
    720 SF
    Zone code
    01 - NOT ZONED
    Property type
    Mobile home & RV parks
    APN
    402289 75.003-1-26.1
    APU
    402289750031261

    Description

    This exceptional investment opportunity presents a well-established mobile home park situated on a spacious 8.5-acre lot in Canton, NY. The park currently boasts 30 mobile home spaces, with a strong occupancy rate of 22 currently occupied sites. This translates to significant immediate cash flow and substantial future growth potential. The property is equipped with a comprehensive septic system designed to handle the entire park's needs, eliminating the complexities and costs associated with individual septic systems. Maintaining the park's infrastructure is simplified by the existing caretaker who is responsible for road maintenance within the park. This turnkey operation offers a streamlined approach to ownership, minimizing operational overhead and maximizing profitability. Detailed financial records are available upon request for qualified buyers to thoroughly assess the park's performance and projected returns. This is a rare chance to acquire a well-maintained, high-occupancy mobile home park in a desirable location, offering a compelling blend of immediate income and long-term appreciation potential. The property's substantial acreage also presents opportunities for future expansion or development, further enhancing its investment appeal. Serious inquiries only, please. Financial information will be provided to qualified buyers with proof of funds.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $680,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.1193
    Latitude
    44.61
    CBSA code
    36300
    CBSA name
    OGDENSBURG-MASSENA, NY MICROPOLITAN 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
    0
    $0.00
    $31,000
    $199,000
    $230,000
    -
    $41,892
    $268,919
    $310,811

    Comparable in this City

    • Value Estimation by Request
      840 SF

      6286 County Rte 27

      MOBILE HOME PARK, TRAILER PARK • 840 SF
      6286 County Rte 27, Canton, NY 13617-3824
      View Details
    • Value Estimation by Request
      720 SF

      6271 Us Hwy 11th 1st Lot, Unit 1

      MOBILE HOME PARK, TRAILER PARK • 720 SF
      6271 Us Hwy 11th 1st Lot, Canton, NY 13617-3990
      View Details
    • Value Estimation by Request
      980 SF

      6346 6360th Cr 27

      MOBILE HOME PARK, TRAILER PARK • 980 SF
      6346 6360th Cr 27, Canton, NY 13617
      View Details
    • Value Estimation by Request
      840 SF

      6-8-20-26 Janes Rd

      MOBILE HOME PARK, TRAILER PARK • 840 SF
      6-8-20-26 Janes Rd, Canton, NY 13617
      View Details
    • Value Estimation by Request
      924 SF

      9 Coon Rd

      MOBILE HOME PARK, TRAILER PARK • 924 SF
      9 Coon Rd, Canton, NY 13617-3712
      View Details
    • Value Estimation by Request
      780 SF

      11 Jameson Rd

      MOBILE HOME PARK, TRAILER PARK • 780 SF
      11 Jameson Rd, Canton, NY 13617-3211
      View Details

    Similar Nearby for Sale

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      Magnificent historic apartment building in Canton, NY with income potential.
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      Well-maintained, fully occupied four-unit building near downtown Canton.
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      View Details
    Request Owner's contact information
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    6258 Us Highway 11
    Canton, NY 13617
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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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