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    Property profile & analytics

    11 Main St Canton, NY 13617-2235

    • Investment properties
    • 2,552 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    6.8%
    Investment properties
    Location Intelligence
    Property ID
    US63-2764697
    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

    • Wimpy’s Inn / Restaurant
    • Everything Grateful / Collectibles Store

    Property Details for 11 Main St

    Year built
    1880
    Lot size
    0.05 lot acres
    Property size
    2,552 SF
    Zone code
    01 - NOT ZONED
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    402201 88.042-3-28
    APU
    40220188042328

    Description

    This exceptional three-story commercial building, located at 11 Main St in the heart of Canton, NY, presents a fantastic investment opportunity. Boasting a total of 3,200 square feet, the property features two distinct units, each with its own separate entrance. The main floor is ideally suited for a restaurant, complete with a recently installed commercial kitchen equipped with appliances, ample storage space, and central air conditioning. Recent renovations include a new commercial awning, updated plumbing and electrical systems, new flooring, and two new ADA-compliant bathrooms. Two inground sump pumps provide reliable protection against water damage. A new front window enhances curb appeal. The upper floor comprises three spacious office rooms, a kitchenette, and a newly renovated bathroom. This unit could easily be converted into a residential apartment. The building benefits from convenient parking both in front and at the rear. This property offers a blend of modern amenities and prime downtown location, making it an attractive proposition for a variety of commercial ventures. The building's recent updates minimize immediate capital expenditure needs, allowing for a smooth transition and immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $285,000
      6.5%
      $265,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $152,000
      Market price range: $63.0k - $184k
      AI Estimate
      $274,000
      Market price range: $151k - $275k

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.1722
    Latitude
    44.5957
    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
    $15,700
    $115,300
    $131,000
    -
    $21,216
    $155,811
    $177,027

    Comparable in this City

    • Value Estimation
      $210,000
      1,892 SF

      69 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,892 SF
      69 Main St, Canton, NY 13617-1444
      View Details
    • Value Estimation
      $205,000
      1,846 SF

      29 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,846 SF
      29 Main St, Canton, NY 13617-1255
      View Details
    • Value Estimation
      $225,000
      2,037 SF

      16 Park St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,037 SF
      16 Park St, Canton, NY 13617-2239
      View Details
    • Value Estimation
      $290,000
      3,698 SF

      44 Ct St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,698 SF
      44 Ct St, Canton, NY 13617-2124
      View Details
    • Value Estimation
      $270,000
      6,750 SF

      53 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,750 SF
      53 Main St, Canton, NY 13617-1248
      View Details
    • Value Estimation
      $240,000
      2,143 SF

      28 Buck St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,143 SF
      28 Buck St, Canton, NY 13617-1302
      View Details

    Similar Nearby for Sale

    • $350,000
      2.20 Acres

      Historic Victorian With Mixed-Use Potential

      1860s Victorian on 2 acres near village green.
      5862 Ush 11, Canton, NY 13617
      View Details
    • $440,000
      0.12 Acres

      Historic Mixed-Use Building in Canton

      Two-story commercial building with office, apartment, and retail spaces.
      70 Main St, Canton, NY 13617
      View Details
    • $305,000
      1,630 SF

      Canton Highway 11 Business Opportunity

      Prime Canton Location: Home & Business Potential
      5969 Us Highway 11, Canton, NY 13617
      View Details
    • $489,000
      8.50 Acres

      Canton Mobile Home Park Investment

      8.5 Acres, 30 Spaces, High Occupancy
      6258 Us Highway 11, Canton, NY 13617
      View Details
    • $62,500
      12.50 Acres

      Canton, NY Land Parcel

      12.5-acre parcel near Canton, NY, for development or recreation.
      Cr 27, Canton, NY 13617
      View Details
    • $36,000
      4.70 Acres

      Residential Land with Established Utilities

      4.7 acre building lot with electric and well.
      361 Cowan Rd, Canton, NY 13617
      View Details
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    11 Main St
    Canton, NY 13617-2235
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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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