Add Listing
    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

    13854 State Route 28 Forestport, NY 13338

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Grocery Store, Gas, & Residential

    Property size:
    3,200 SF

    Property Features for 13854 State Route 28

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    3,200 SF
    Lot Size
    50,530 SF

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Cheryl Dauer
    Cheryl Dauer

    Listing Agency: Coldwell Banker Prime Properties Cicero Listing Agent: Cheryl Dauer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property in Forestport, NY, presents a unique investment opportunity. Located at 13854 State Route 28, the 3,200 square foot building enjoys a high-traffic location, serving Otter Lake and travelers heading north towards Old Forge and beyond, as well as those traveling south to Alder Creek. Its strategic position makes it a convenient stop for snowmobilers, capitalizing on both summer and winter recreational activities in this vibrant resort community. The property includes two 6,000-gallon canopy-covered gas tanks, ensuring ample fuel supply. Inside the main building, you'll find an 8' x 24' walk-in cooler, a dedicated office space, a storeroom, and a spacious 30' x 40' finished garage. The property also boasts over 350 feet of road frontage, providing excellent visibility and accessibility. Further enhancing its appeal, the property includes a groomed snowmobile trail access point. Utilities are provided by a drilled well and propane heating system. A 1-bedroom, 1-bathroom house is situated on the 1.16-acre lot, offering additional living space or potential for employee housing. The house features a living room, dining room, and lacks a basement. Note that the house shares a well and septic system with the commercial building. This turnkey operation offers a compelling blend of commercial and residential components, ideal for an entrepreneur seeking a thriving business in a desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

    Real Estate Agency Bar & Pub Furniture & Home Goods Grocery & Convenience Store Veterinary Clinic Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Forestport
    County
    Oneida
    State
    New York
    Longitude
    -75.11681
    Latitude
    43.58638

    Nearby Similar for Sale

    • $89,000
      720 SF

      Charming Adirondack Building on Route 28

      Commercial building and land on high-traffic Route 28.
      13874 Nys Rte 28 E, Forestport, NY 13338
      View Details
    • $200,000
      3,820 SF

      Established Restaurant in Forestport, NY

      Family restaurant established in 1948, specializing in steak and seafood.
      11770 O'brien Rd, Forestport, NY 13338
      View Details
    • $239,900
      9,793 SF

      10626 Lake Rd

      Retail properties & Spaces • 9,793 SF
      10626 Lake Rd, Forestport, NY 13338
      View Details
    • $225,000
      3,820 SF

      Forestport Restaurant - Turnkey Opportunity

      Established Restaurant, 3820 sq ft, 1.84 acres
      11770 Obrien Rd, Forestport, NY 13338
      View Details
    • $625,000

      Established Grocery Store and Gas

      Grocery and gas station serving Otter Lake and Old Forge.
      13854 State Route 28, Forestport, NY 13338
      View Details
    • $200,000

      Established Restaurant with Living Area

      Family restaurant established in 1948, specializing in steak and seafood.
      11770 Obrien Rd, Forestport, NY 13338
      View Details

    FAQs

    What type of property is this?
    Office property - Grocery Store, Gas, & Residential
    Where is this office property located?
    The property is located at 13854 State Route 28 Forestport, NY.
    What is the asking price?
    The asking price for this property is $750,000.
    (315) 752-0320
    Request Owner's contact information
    13854 State Route 28 Forestport, NY 13338
    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.
    13854 State Route 28
    Forestport, NY 13338
    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
    13854 State Route 28 Forestport, NY 13338
    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
    Cheryl Dauer
    Cheryl Dauer
    (315) 752-0320
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!