Gas Station with 6 Motel
For Sale
$725,000
112 E Broadway Street, Cape Vincent, NY 13618
COMMERCIAL - Cape Vincent, NY
Property Size5,226 SF
Lot Size0.30 Acres
Price / SF$138.73
Days on Market166
Property Features for 112 E Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Zoning description
Commercial
Rooms
Basement
Parking
10
Exterior features
PropaneTankLeased
Lot features
Rectangular, Rectangular Lot
Elementary school district
Thousand Islands
Middle school district
Thousand Islands
High school district
Thousand Islands
Directions
On the corner of Broadway and Market St. Look for signs.
Subdivision
Cape Vincent-Village-222801
Standard status
Active
APN
222801-039-081-0002-008-000
Size
5,226 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
6340
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Baseboard, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1948
Floors in Building
2
Number of units
7
Flooring type
Vinyl, Carpet, Linoleum
Roof type
Metal
Listing Agency:
Lake Ontario Realty, LLC
(315) 649-3434
Listed By:
Gayle Wiley · License #10301224059
(315) 649-3434
Added: Mar 3
Changed: Aug 4
Last Checked: Aug 16 at 10:06AM
MLS# S1664426
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This gas station property includes a convenient store, grocery, laundromat, and motel operations, along with a two-bedroom apartment over the store for on-site living or potential rental use. The building was built in 1948 and has a metal roof. Interior finishes include linoleum, vinyl, and carpet, with heating provided by propane with baseboard and electric heating, plus central air cooling.
Recent updates described include a metal roof over the convenient store, laundromat, and motel, a new gas dispenser, and underground fuel lines. The laundromat has 18 washing machines total, including 2 extra large capacity units, and 15 dryers, with additional dryers ordered to be installed soon. The motel offers 6 rooms with room for parking.
The property is on public water and served by public sewer. A propane tank is listed as leased. Located on a busy corner and described as the only gas station in town, it operates year-round.
Recent updates described include a metal roof over the convenient store, laundromat, and motel, a new gas dispenser, and underground fuel lines. The laundromat has 18 washing machines total, including 2 extra large capacity units, and 15 dryers, with additional dryers ordered to be installed soon. The motel offers 6 rooms with room for parking.
The property is on public water and served by public sewer. A propane tank is listed as leased. Located on a busy corner and described as the only gas station in town, it operates year-round.
Key Highlights
- 0.303‑acre gas station property with convenience store, grocery, laundromat, and motel
- 18 washing machines total, including 2 extra large capacity units, plus 15 dryers
- 6 motel rooms with parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,082
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,261,640
$1.3M
Cap Rate 7%
$901,171
$901.2K
Cap Rate 9%
$700,911
$700.9K
Market Conditions
NOI Build-Up for 5,226 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$94.1K $18.00/SF
− Vacancy
−$4.0K −$0.76/SF
EGI
$90.1K $17.24/SF
− OpEx
−$27.0K −$5.17/SF
NOI
$63.1K $12.07/SF
Area
Jefferson County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,261,640
Cap Rate 7%
$901,171
Cap Rate 9%
$700,911
Alternative Uses
Best Use
Retail
$901.2K
$788.5K – $1.05M
NOI $63,082 @ 7.0% cap · market cap 8.70%
Second Best
Hotel Hospitality
$795.5K
$696.1K – $928.1K
NOI $55,688 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,841 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 13618, NY
1,765
Population
2,244
Households
0.8
Avg Household Size
54
Median Age
30%
College-Educated
95%
High-School Grad
48.6 sq mi
ZIP Area
36
Density / Sq Mi
$61,500
Median Household Income
$39,280
Median Earnings
$962
Median Rent
$196,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Gas station with convenience store, laundromat, grocery and a 6-room motel on a 0.303-acre site.
Where is this gas station located?
The property is located at 112 E Broadway Street Cape Vincent, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 0.303‑acre gas station property with convenience store, grocery, laundromat, and motel; 18 washing machines total, including 2 extra large capacity units, plus 15 dryers; 6 motel rooms with parking
