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    Lake George Investment Opportunity Title is generated by Realmo AI

    3041 Lake Shore Drive, Lake George, NY 12845

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    Claim this Listing
    For Sale
    $1,800,000

    COMMERCIAL - Lake George, NY

    Property size:
    2,996 SF
    Lot size:
    5.67 Acres
    Price / SF:
    $600/SF
    Added:
    Dec 19, 2025
    Days on Market:
    160
    Last Refresh:
    May 28 at 2:06 am

    Property Features for 3041 Lake Shore Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    com
    Bathrooms
    17
    Rooms
    Bathroom 6, Bathroom 5, Basement, Bathroom 12, Bathroom 16, Bathroom 7, Bathroom 8, Bathroom 11, Bathroom 9, Bathroom 4, Bathroom 3, Bathroom 17, Bathroom 10, Bathroom 1, Bathroom 2, Bathroom 13, Bathroom 15, Bathroom 14
    Parking
    20
    Exterior features
    Lighting
    Basement
    Unfinished, Interior Entry
    Appliances
    Washer, Refrigerator, Microwave, Free-Standing Gas Oven, Dryer, Dishwasher
    Standard status
    Active
    APN
    43
    Size
    2,996 SF
    Lot size
    5.67 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8998

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air, Wood Stove, Natural Gas, Wood
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    2
    Flooring type
    Vinyl, Tile - Ceramic, Wood
    Building materials
    Block, Frame, Wood Siding
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Pearl Torres
    Pearl Torres

    Listing agent Pearl Torres License #30BO0794669

    Listing office Keller Williams Realty HV Nort 15 Taylor Street, Kingston, NY

    Listing date Dec 19, 2025

    MLS# 20256115

    Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Located approximately half a mile from the Village of Lake George, this property presents an investor opportunity. The property, operating for over 20 years, features a setup for summer rental income. It includes a 4-bedroom, 2-bath main house suitable for year-round living, complete with a living room with a wood stove, a dining area, a kitchen, an office/check-in space, and storage. Additionally, there are 15 seasonal rental cabins, each equipped with a kitchenette with propane cooking, a private front deck, and views toward Lake George. Amenities include an in-ground pool, a small playground, grills, outdoor furniture, and parking for guests. The property also has storage sheds, a one-car garage at the main house, and a gas golf cart. Situated on 5.67 acres, the property offers room for future expansion. The cabins operate seasonally from Memorial Day through Labor Day, while the main house is set up for year-round use.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Gold Eagle Cabins Vacation Rental

    Suggested Use

    Restaurant Real Estate Agency Law Firm Department Store Food Market Storage Facility Grocery & Convenience Store HVAC Service Bar & Pub Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake George
    County
    Warren
    State
    New York
    Longitude
    -73.704918
    Latitude
    43.440309

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    FAQs

    What type of property is this?
    Campground - Seasonal rental property with main house and cabins near Lake.
    Where is this campground located?
    The property is located at 3041 Lake Shore Drive Lake George, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    (845) 461-5132
    We can help!
    Listing Contact
    Pearl Torres
    Pearl Torres
    Real Estate License ID: 30BO0794669
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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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