Property profile

13410 State Rte 12 Boonville, NY 13309

OFF-MARKET
Investment properties
Property ID
US63-1715677
3,520 SF 0.18 ac lot Built 1950
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property in Boonville, NY, presents a lucrative investment opportunity. Located at 13410 State Route 12, this offering encompasses a fully occupied commercial plaza featuring five individual storefronts, generating consistent rental income. The property also includes a thriving, recently updated laundromat business, complete with all necessary equipment, contributing significantly to the overall revenue stream. This turnkey operation boasts new equipment, resulting in a substantial increase in profitability. Adding to the appeal is a detached four-bedroom single-family home, providing additional income potential through rental or owner occupancy, and a detached garage. The entire property sits on a 0.43-acre lot, offering ample space and potential for future development or expansion. With a total building area of 3,520 square feet, this property is priced at $450,000 and represents a rare chance to acquire a diversified, high-income-producing asset in a desirable location, offering easy access to the Adirondack Mountains. This is an ideal investment for those seeking passive income and a strong return on investment. The property's current occupancy and established businesses minimize risk and maximize immediate returns. The combination of commercial rental income, laundromat profits, and residential possibilities makes this a truly unique and compelling investment opportunity.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1950
Total area 3,520 SF
Lot 0.18 ac (8,040 SF)
Zoning code C2
APN 302601 22.018-2-40
UPID US63-1715677

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13410 State Rte 12 Boonville, NY 13309-4963
Boonville metro Census 24200 UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2017
2 recorded transactions
2017
$285,000
2007
$116,000

Zoning & alternative use

C2 · Boonville, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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