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    Versatile Flex Garage Property Title is generated by Realmo AI

    51 Crane Road, Winthrop, NY 13697

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    Claim this Listing
    For Sale
    $350,000

    COMMERCIAL - Winthrop, NY

    Property size:
    3,472 SF
    Lot size:
    2.80 Acres
    Price / SF:
    $100/SF
    Added:
    Apr 3, 2026
    Days on Market:
    62
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 51 Crane Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    residential
    Parking features
    Garage - Attached, Garage
    Security features
    Security
    Interior features
    9 ft.+ ceilings, Security features
    Exterior features
    Storage/out-building(s)
    Fencing
    Partial
    Standard status
    Active
    APN
    43.002-1-12.2
    Size
    3,472 SF
    Lot size
    2.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2939

    Utilities

    Water source
    Well

    Building Details

    Year built
    2017
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Elizabeth Trego
    Elizabeth Trego

    Listing agent Elizabeth Trego License #10491210659

    Listing office Trego Realty Group, LLC 162 Main Street, Suite 2, Massena, NY

    Listing date Apr 3, 2026

    MLS# 52505

    Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2.8 acres zoned residential with special use permit for commercial operations, offering versatile live/work possibilities.
    • Large 28' x 64' heated garage with three oversized bay doors and dedicated office space.
    • Upper level of main structure prepped for an apartment with plumbing and electrical in place.
    • Established maple sugaring operation with over 100 tapped mature maple trees, pole barn, and two sugar shacks.
    • Variety of fruit trees (apple, cherry, plum, pear) enhancing self‑sufficiency.
    • Additional attached 12' x 24' one‑car garage and other outbuildings for ample storage.

    Overview

    The property is a versatile commercial and live-work style setup anchored by a substantial 28' x 64' heated garage with three oversized bay doors. The garage includes a dedicated office area, and the upper level is prepped for an apartment with plumbing and electrical already in place, ready for finishing. An additional attached 12' x 24' one-car garage adds further storage and workspace utility. Multiple outbuildings support additional uses, including a pole barn and two sugar shacks, and the site includes over 100 mature maple trees currently tapped for maple syrup production, along with fruit trees such as apple, cherry, plum, and pear.

    Located on 2.8 acres in a peaceful rural setting, the property is zoned residential and described as having a special use permit for commercial operations. The acreage provides privacy and room for expansion, while the established sugaring components and additional outbuildings support both business and hobby uses.

    This configuration is well-suited for an owner-operator looking for a work-focused garage with office space and potential on-site living, as well as an operator interested in value-added activities supported by the existing sugar production infrastructure. It can also appeal to buyers seeking a single-site property that combines practical commercial space, adaptable residential potential, and agricultural and storage outbuilding capacity.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Bakery Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.893456
    Latitude
    44.76495

    FAQs

    What type of property is this?
    Flex space - Heated garage with oversized doors and office space offers flexible live-work or light commercial opportunities on acreage.
    Where is this flex space located?
    The property is located at 51 Crane Road 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 acres zoned residential with special use permit for commercial operations, offering versatile live/work possibilities.; **Large 28' x 64' heated garage with three oversized bay doors and dedicated office space.**; Upper level of main structure prepped for an apartment with plumbing and electrical in place.
    (315) 842-0266
    We can help!
    Listing Contact
    Elizabeth Trego
    Elizabeth Trego
    Real Estate License ID: 10491210659
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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.

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