Motel with
New
For Sale
$1,749,900
495 Canada St, Lake George, NY 12845
The property combines 26 guest rooms, three full-kitchen suites, and an on-site owner's residence.
Property Size10,557 SF
Price / SF$165.76
Days on Market4
Property Features for 495 Canada St
General Information
Standard status
Active
Size
10,557 SF
Taxes and HOA fees
Annual Taxes
$8,515
Amenities
50-foot pool
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Angela Cugini-Girard · License #40CU0937069
(518) 232-1460
Source:
Exprealty
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 2:34AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 29-unit motel in Lake George includes 26 guest rooms and three suites equipped with full kitchens. The property also has a 50-foot pool and an owner's residence with hardwood floors, carpeted bedrooms, and tiled bathrooms. Renovations have been completed over the past few years.
Key Highlights
- 29‑unit motel with an on‑site owner's residence
- 26 guest rooms and 3 suites with full kitchens
- 50‑foot pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,236
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,720
$1.6M
Cap Rate 7%
$1,160,514
$1.2M
Cap Rate 9%
$902,622
$902.6K
Market Conditions
NOI Build-Up for 10,557 SF
Gross rent
$190.0K $18.00/SF
− Vacancy
−$19.0K −$1.80/SF
EGI
$171.0K $16.20/SF
− OpEx
−$89.8K −$8.51/SF
NOI
$81.2K $7.69/SF
Area
Warren County, NY
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,720
Cap Rate 7%
$1,160,514
Cap Rate 9%
$902,622
Alternative Uses
Best Use
Hotel Hospitality
$1.16M
$1.02M – $1.35M
NOI $81,236 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.76M – $3.69M
NOI $221,190 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12845, NY
4,873
Population
3,441
Households
1.4
Avg Household Size
52
Median Age
37%
College-Educated
94%
High-School Grad
45.0 sq mi
ZIP Area
108
Density / Sq Mi
$95,583
Median Household Income
$50,000
Median Earnings
$1,064
Median Rent
$371,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Romeo & Giulietta's Hideaway — 15 West St, Lake George, NY 12845
- Sagamore hotel — 30 Amherst St, Lake George, NY 12845
- Villa Vero — 255 Canada St, Lake George, NY 12845
- Quality inn — 22 Amherst St, Lake George, NY 12845
- Twin Birches — Lake George, NY 12845
Frequently Asked Questions
What type of property is this?
Motel - The property combines 26 guest rooms, three full-kitchen suites, and an on-site owner's residence.
Where is this motel located?
The property is located at 495 Canada St Lake George, NY.
What is the asking price?
The asking price for this property is $1,749,900.
What are key features of this property?
This property features: 29‑unit motel with an on‑site owner's residence; 26 guest rooms and 3 suites with full kitchens; 50‑foot pool
