Building Details

Year Renovated 2017

Stories 2

Units 1

Listing Agency: Trego Realty Group LLC

Listed By: Liz Trego · License #10491210659

Source: Crexi

Added: May 5 Changed: Oct 5 Last Checked: Oct 20 at 9:03PM

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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 Trego Realty Group LLC

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Investment Insights

Based on property information with market context.

This versatile live-work property is set on 2.8 acres and includes a substantial heated 28' x 64' garage with three oversized bay doors. The main level features a dedicated office area, and the upper level is prepped for an apartment with plumbing and electrical already in place. An attached 12' x 24' one-car garage adds additional enclosed storage or workspace.

Additional outbuildings include a pole barn and two sugar shacks, supporting an established maple sugaring setup. The land includes over 100 mature maple trees currently tapped, along with fruit trees such as apple, cherry, plum, and pear.

A special use permit is noted to allow commercial operations, while the property is described as zoned residential.

Key Highlights

• 2.8‑acre rural property with residential zoning and a special use permit for commercial operations
• 28' x 64' heated garage with three oversized bay doors, plus an office area inside
• Upper level is prepped for an apartment with plumbing and electrical already in place

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,436

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$468,720 $468.7K

Cap Rate 7%

$334,800 $334.8K

Cap Rate 9%

$260,400 $260.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,472 SF

Gross rent

$41.7K $12.00/SF

− Vacancy

−$4.2K −$1.20/SF

EGI

$37.5K $10.80/SF

− OpEx

−$14.1K −$4.05/SF

NOI

$23.4K $6.75/SF

Area

St. Lawrence County, NY

Vacancy

10.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$468,720

Cap Rate 7%

$334,800

Cap Rate 9%

$260,400

Alternative Uses

Best Use

Office B

$649.6K

$568.4K – $757.8K (±1% cap)

NOI $45,470 @ 7.0% cap · market cap 12.99%

Second Best

Mixed Use

$334.8K

$293.0K – $390.6K (±1% cap)

NOI $23,436 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$861.4K

$753.7K – $1.00M (±1% cap)

NOI $60,296 @ 7.0% cap · market cap 17.23%

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

J&J Appliance Service Home Appliance Store North Country Equipment ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Bakery Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 13697, NY

2,206

Population

877

Households

2.5

Avg Household Size

41

Median Age

19%

College-Educated

90%

High-School Grad

64.9 sq mi

ZIP Area

34

Density / Sq Mi

$73,324

Median Household Income

$48,500

Median Earnings

$1,103

Median Rent

$144,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Live-work space - Versatile live-work commercial property with heated garage, office space, and upper level plumbing and electrical ready for an apartment.

Where is this live-work space located?

The property is located at 51 CRANE RD Winthrop, NY.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 2.8‑acre rural property with residential zoning and a special use permit for commercial operations; 28' x 64' heated garage with three oversized bay doors, plus an office area inside; Upper level is prepped for an apartment with plumbing and electrical already in place