Add Listing
    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

    9170 Horseshoe Island Rd Clay, NY 13041

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    Fully operating marina with restaurant, campsites, and boat storage.

    Lot size:
    6.30 Acres

    Property Features for 9170 Horseshoe Island Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    6.30 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Kurt Wossner
    Source: Elliman

    Listing Agency: World United Realty Inc. Listing Agent: Kurt Wossner

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

    Learn more

    Overview

    Established Pirates Cove Marina For Sale

    The well-known and established Pirates Cove Marina is available for purchase. This fully operating marina is located along the Oneida River and features dockage for 100 boats. The property includes 4 full-service campsites, an office/retail/service building with public restrooms/showers, laundry facilities, and a 3-bedroom apartment. A restaurant with 80 seats and a party deck is also located on the premises. Additional amenities include an inground pool, picnic and play areas, and 4 metal boat storage buildings. The marina is equipped with a launch ramp, a 25-ton Marine Travel Lift, and a 12,000-gallon above-ground fuel tank. There are 50 parking spaces available, along with outside storage and a parking area for trailers. Situated at the geographic center of NYS waterways, the Oneida River provides boaters with easy access to Lake Ontario, Oneida Lake, and other major waterways. The marina is used by boaters from as far away as Australia and New Zealand.
    Location Intelligence

    Current Use by Public Records

    Docks Grill At Pirates ... Bar & Pub Pirates Cove Marina Marina

    Suggested Use

    Restaurant Law Firm Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Clay
    County
    Onondaga
    State
    New York
    Longitude
    -76.2458752
    Latitude
    43.2141645

    Nearby Similar for Sale

    • $995,000

      Retail Service Building Near Micron

      Retail service building near future Micron plant, prime investment opportunity.
      5280 Caughdenoy Rd, Clay, NY 13041
      View Details
    • $8,900,000

      Commercial Property Near Micron Technologies

      20-acre commercial property near Micron Technologies with 10,603 sq ft building.
      5252 State Route 31, Clay, NY 13041
      View Details
    • $125,000

      Wetzel Road Specialty Property

      Specialty property available for sale on Wetzel Road.
      4664 Wetzel Rd, Clay, NY 13090
      View Details
    • Contact for pricing
      3,473 SF

      Retail Building Near Micron Plant

      Retail service building with shop/storage on a large fenced lot.
      5280 Caughdenoy Rd, Clay, NY 13041
      View Details
    • $1,400,000

      Established Marina with Restaurant

      Operating marina with 100 docks, restaurant, and apartment.
      9170 Horseshoe Island Rd, Clay, NY 13041
      View Details
    • $695,000
      1,383 SF

      8894 Caughdenoy Rd, Clay, NY 13041

      Commercial real estate • 1,383 SF
      8894 Caughdenoy Rd, Clay, NY 13041
      View Details
    • $11,500,000
      1,344 SF

      Prime Clay, NY Industrial Land

      180 Acres, Near Micron, Ideal Zoning
      4885 Verplank Rd, Clay, NY 13041
      View Details
    • $3,000,000
      900 SF

      Prime Clay, NY Mixed-Use Property

      High-traffic Route 31 redevelopment opportunity.
      4531 State Route 31, Clay, NY 13041
      View Details
    • $695,000
      13 SF

      Clay, NY Mixed-Use Investment

      Prime Micron Plant location. High rental potential.
      8894 Caughdenoy Rd, Clay, NY 13041
      View Details
    • $11,500,000
      1,344 SF

      Verplank Road Industrial Campus

      180-acre industrial land, prime location.
      4885 Verplank Rd, Clay, NY 13041
      View Details
    • $8,900,000
      10,603 SF

      Clay, NY Commercial Land & Building

      20 Acres, 10,603 SF Building, Prime Location
      5252 State Route 31, Clay, NY 13041
      View Details
    • $475,000
      2,606 SF

      Clay, NY Restaurant & Bar for Sale

      Established Business, Prime Location, High Growth Area
      5282 Caughdenoy Rd, Clay, NY 13041
      View Details

    FAQs

    What type of property is this?
    Marina - Fully operating marina with restaurant, campsites, and boat storage.
    Where is this marina located?
    The property is located at 9170 Horseshoe Island Rd Clay, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Fully operational marina with 100 boat dockage, restaurant, and comprehensive amenities.; - Prime location at the geographic center of NYS waterways, providing access to major lakes and waterways.; - Includes a 3-bedroom apartment, offering living quarters on-site.
    (315) 699-2676
    Request Owner's contact information
    9170 Horseshoe Island Rd Clay, NY 13041
    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.
    9170 Horseshoe Island Rd
    Clay, NY 13041
    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
    9170 Horseshoe Island Rd Clay, NY 13041
    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
    Kurt Wossner
    (315) 699-2676
    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!