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    5638 State Route 28N Newcomb, NY 12852

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    For Sale
    Contact for pricing

    Mixed-use building, high traffic location.

    Property Features for 5638 State Route 28N

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    60,984 SF

    We can help!

    Listing Contact
    Wayne Hartard
    Wayne Hartard

    Listing Agency: EXP REALTY Listing Agent: Wayne Hartard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a well-maintained mixed-use building formerly operating as Dolan's Sports Bar, ideally situated on a high-visibility, high-traffic section of State Route 28N in Newcomb, NY. The property boasts a full-service kitchen, bar, and pool table area with ample seating, ready for a new owner to revitalize. Extensive parking is available for customer convenience. Beyond the bar area, the property includes two separate apartments: one with two bedrooms and another with one bedroom. A unique feature is a two-story detached garage that has been converted into an additional one-bedroom apartment, offering further rental income potential. Located in the heart of the Adirondack High Peaks, this property is a haven for outdoor enthusiasts, providing easy access to hunting, fishing, and snowmobiling. The 1.4-acre lot offers significant space and potential for expansion or further development. The asking price is $279,999. This is a rare chance to own a versatile commercial property in a desirable location with strong potential for return on investment. The property's existing infrastructure and prime location make it an attractive proposition for a variety of businesses and investors. Don't miss this chance to capitalize on the thriving tourism and recreation industry in the Adirondacks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Hotel & Motel Cafe & Coffee Shop Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Newcomb
    County
    36031
    State
    New York
    Longitude
    -74.1593104
    Latitude
    43.9696437

    Nearby Similar for Sale

    • $279,999

      Adirondacks Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and income-producing apartments in Adirondacks.
      5638 State Rt 28 N, Newcomb, NY 12852
      View Details
    • $279,999
      0.05 Acres

      Adirondack Mixed-Use Investment

      Prime Location, High Peaks Views, 3 Units
      5638 State Route 28N, Newcomb, NY 12852
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Mixed-use building, high traffic location.
    Where is this office property / space located?
    The property is located at 5638 State Route 28N Newcomb, NY.
    What is the asking price?
    The asking price for this property is $279,999.
    What are key features of this property?
    This property features: Mixed-use building, formerly Dolan's Sports Bar, on high-traffic State Route 28N in Newcomb, NY.; Features full-service kitchen, bar, and ample seating.; Includes two on-site apartments (one 2-bedroom, one 1-bedroom) plus a detached 1-bedroom apartment in a converted garage.
    (631) 708-5249 Call to check price and availability
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    5638 State Route 28N Newcomb, NY 12852
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    Newcomb, NY 12852
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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
    5638 State Route 28N Newcomb, NY 12852
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Wayne Hartard
    Wayne Hartard
    Real Estate License ID: 10301215860
    (631) 708-5249 (888) 276-0630 (403) 262-7653
    Learn more
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