Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    42685 Lots 5 Alexandria Bay, NY 13607

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,000

    Commercial land in Thousand Islands, ideal for business expansion.

    Lot size:
    1.00 Acre

    Property Features for 42685 Lots 5

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Kiah Sugrue
    Source: Exprealty

    Listing Agency: Lake Ontario Realty, LLC Listing Agent: Kiah Sugrue

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

    Learn more

    Overview

    Prime Commercial Land Opportunity

    This commercial property is located in the Thousand Islands, offering access to the United States and Canada. Positioned between NYC, Toronto, Ottawa, and Montreal, the Thousand Islands region provides access to a large population and consumer market. The land has commercial zoning, suitable for various business ventures. There are three 1-acre vacant lots available. An additional 1.32-acre lot includes a mobile home and a large garage. A construction firm is available to assist in realizing commercial aspirations. The Thousand Islands region has experienced economic growth, supported by tourism, a real estate market, and a supportive business environment.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Alexandria Bay
    County
    Jefferson
    State
    New York
    Longitude
    -75.9374
    Latitude
    44.3057

    Nearby Similar for Sale

    • $3,900,000
      8,800 SF

      Waterfront Marina with Income Potential

      Prime waterfront marina with multi-family units and owner's residence.
      16 Bethune St, Alexandria Bay, NY 13607
      View Details
    • $865,000
      3,684 SF

      Riverfront Motel in Alexandria Bay

      Turnkey 13-unit motel with dockage in the heart of Alexandria Bay.
      24 Bethune St, Alexandria Bay, NY 13607
      View Details
    • $249,000
      Pending

      Waterfront Lot on St. Lawrence

      Waterfront lot with dock on Swan Bay, St. Lawrence River.
      St Lawrence Park Rd, Alexandria Bay, NY 13607
      View Details
    • $950,000
      4.37 Acres

      Commercial Buildings Near Interstate 81

      Commercial buildings near Interstate 81 and Thousand Islands Bridge.
      42629 Nys Rte 12, Alexandria Bay, NY 13607
      View Details
    • $625,000

      Thousand Islands Hospitality Business

      Established motel and bar/restaurant near Clayton and Alexandria Bay.
      41878 Fishers Lndg Rd, Alexandria Bay, NY 13607
      View Details
    • $3,400,000

      St. Lawrence River Mobile Home

      Mobile home park on the St. Lawrence River.
      42665 Seaway Ave, Alexandria Bay, NY 13607
      View Details
    • $425,000

      Turn-Key Restaurant in 1000 Islands

      Restaurant opportunity in the heart of the 1000 Islands.
      43641 State Route 12, Alexandria Bay, NY 13607
      View Details
    • $849,000

      Waterfront Property with Dock Slips

      Waterfront property suitable for marina or boat storage business.
      1 Crossmon St, Alexandria Bay, NY 13607
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in Thousand Islands, ideal for business expansion.
    Where is this commercial land located?
    The property is located at 42685 Lots 5 Alexandria Bay, NY.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - Strategic location in the Thousand Islands with convenient access to both the US and Canada.; - Commercial zoning allows for a wide array of business ventures.; - Positioned between major urban hubs (NYC, Toronto, Ottawa, Montreal) providing access to a vast population and diverse consumer market.
    (315) 649-3434
    Request Owner's contact information
    42685 Lots 5 Alexandria Bay, NY 13607
    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.
    42685 Lots 5
    Alexandria Bay, NY 13607
    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
    42685 Lots 5 Alexandria Bay, NY 13607
    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
    Kiah Sugrue
    (315) 649-3434
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.