New
For Sale
$2,300,000
229 James, Clayton, NY 13624
On-site parking and walk-up access serve the motel property.
Property Size9,680 SF
Price / SF$237.60
Days on Market6
Property Features for 229 James
General Information
Standard status
Active
Size
9,680 SF
Total Parking Spaces
30
Zoning
20.38-2-6
Taxes and HOA fees
Annual Taxes
$18,538
Amenities
Other, SeeRemarks
Accessible Entrance, Accessible Bedroom
Other, Zoned
Electric, Other, See Remarks, Zoned, Baseboard, Hot Water
Partial
On Site, Other, See Remarks
Walk Up
Building Details
Building Size
9,680 SF
Year Built
1962
Buildings
2
Stories
2
Listing Agency:
Bridgeview Real Estate Services
Listed By:
Amanda Jones · License #10401343704
(315) 586-3818
Source:
Evrealestate
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bridgeview Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This motel in Clayton, New York, contains 9,680 square feet and was built in 1962. The property has on-site parking and walk-up access, with zoning identified as 20.38-2-6.
The site is on James Street, reached from Route 12 via James Street.
The site is on James Street, reached from Route 12 via James Street.
Key Highlights
- 9,680‑square‑foot motel property
- Built in 1962
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,149
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,062,980
$2.1M
Cap Rate 7%
$1,473,557
$1.5M
Cap Rate 9%
$1,146,100
$1.1M
Market Conditions
NOI Build-Up for 9,680 SF
Gross rent
$245.1K $25.32/SF
− Vacancy
−$27.9K −$2.89/SF
EGI
$217.2K $22.43/SF
− OpEx
−$114.0K −$11.78/SF
NOI
$103.1K $10.66/SF
Area
Jefferson County, NY
Vacancy
11.40%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,062,980
Cap Rate 7%
$1,473,557
Cap Rate 9%
$1,146,100
Alternative Uses
Best Use
Hotel Hospitality
$1.47M
$1.29M – $1.72M
NOI $103,149 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,785 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13624, NY
4,967
Population
3,431
Households
1.4
Avg Household Size
45
Median Age
31%
College-Educated
85%
High-School Grad
63.3 sq mi
ZIP Area
78
Density / Sq Mi
$79,167
Median Household Income
$48,172
Median Earnings
$982
Median Rent
$224,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- K's Riverview Motel & Cottages — 1075 State St, Clayton, NY 13624
- HERON HOUSE — 838/840 State St, Clayton, NY 13624
- The Calumet — 617 Union St, Clayton, NY 13624
- Wooden Boat Inn — 606 Alexandria St, Clayton, NY 13624
- St Lawrence Motor Lodge — 744 James St, Clayton, NY 13624
Frequently Asked Questions
What type of property is this?
Motel - On-site parking and walk-up access serve the motel property.
Where is this motel located?
The property is located at 229 James Clayton, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 9,680‑square‑foot motel property; Built in 1962; On‑site parking
