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    5825 Cascade Rd Lake Placid, NY 12946

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    Claim this Listing
    Pending
    $1,700,000

    COMMERCIAL - Lake Placid, NY

    Property size:
    8,344 SF
    Lot size:
    1.10 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    224
    Last Refresh:
    May 3 at 12:06 am

    Property Features for 5825 Cascade Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    21
    Basement
    Finished, Full, Crawl Space
    Appliances
    Ice Maker, Washer/Dryer, Water Heater
    Standard status
    Pending
    APN
    42.74-4-11.000
    Size
    8,344 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7820

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Zoned
    Cooling system
    Multi Units
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    2
    Building materials
    Wood Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Marie Wigger Morgan

    Listing agent Marie Wigger Morgan

    Listing office Merrill L. Thomas, Inc. 2469 Main Street, Lake Placid, NY

    Listing date Sep 22, 2025

    MLS# 205889

    Copyright © 2026 Adirondack Champlain Valley 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

    Lake Placid Hospitality Investment

    The Carriage House Motel presents a hospitality investment opportunity in Lake Placid. The property features 17 rooms along with a three-bedroom, two-bath home. Situated on Route 73, the motel is located minutes from Main Street, offering convenient access to Lake Placid's shops, dining options, and Olympic venues. The location benefits from tourism driven by outdoor recreation, international sporting events, and the natural beauty of the Adirondacks. Each guest room includes air conditioning, WiFi, refrigerators, and cable TV. Ample on-site parking is available. The motel caters to budget-conscious travelers, families, and groups. Its proximity to attractions such as the Olympic Jumping Complex, Mirror Lake, Whiteface Mountain, and the High Peaks Wilderness ensures consistent demand throughout the year. The property is situated on a 1.1-acre lot. The building has a size of 8344 square feet. This property offers investors the chance to own a hospitality asset in a mountain resort destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carriage House Motor ... Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Carriage House Motor Inn — 5825 Cascade Rd, Lake Placid, NY 12946
    • The Lake Placid Stagecoach Inn — 3 Stage Coach Way, Lake Placid, NY 12946
    • Prague Motor Inn — 6048 Sentinel Rd, Lake Placid, NY 12946
    • Rodeway Inn — 5828 Cascade Rd, Lake Placid, NY 12946
    • Lake Placid — 5828 Cascade Rd, Lake Placid, NY 12946

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Essex
    State
    New York
    Longitude
    -73.975489
    Latitude
    44.268847

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    FAQs

    What type of property is this?
    Motel - 17-room motel with a 3-bedroom home in Lake Placid.
    Where is this motel located?
    The property is located at 5825 Cascade Rd Lake Placid, NY.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime location in Lake Placid, near Main Street, Olympic venues, and Route 73.; Hospitality investment opportunity with **17 motel rooms plus a separate three‑bedroom residence.**; Proximity to major attractions: Olympic Jumping Complex, Mirror Lake, Whiteface Mountain, and High Peaks Wilderness.
    (518) 524-6757
    We can help!
    Listing Contact
    Marie Wigger Morgan
    Learn More
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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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    5825 Cascade Rd, Lake Placid, NY 12946

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