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    Versatile Live-Work Commercial Property Title is generated by Realmo AI

    9740 State Route 3, Childwold, NY 12922

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    For Sale
    $275,000

    COMMERCIAL - Other - Childwold, NY

    Property size:
    5,064 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $54/SF
    Added:
    Aug 6, 2025
    Days on Market:
    297
    Last Refresh:
    May 29 at 2:06 pm

    Property Features for 9740 State Route 3

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Dining Room, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3
    Parking features
    Driveway, Garage
    Interior features
    Built-in features, Natural wood, Window treatments
    Fireplace
    1
    Standard status
    Active
    APN
    195.001-3-2
    Size
    5,064 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    3308

    Utilities

    Water source
    Well, Private

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Carpet, Tile - Ceramic, Hardwood, Laminate, Vinyl
    Building materials
    Wood siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kathryn Bencze
    Kathryn Bencze

    Listing agent Kathryn Bencze License #10401238587

    Listing office Coldwell Banker Whitbeck Associates 35 Main St., Malone, NY

    Listing date Aug 6, 2025

    MLS# 51742 Listing URL

    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

    • Residential/Commercial property suitable for working from home with potential for expansion.
    • Includes a retail area currently set up as a gift shop with existing inventory.
    • Features a large workshop and separate storage/tool shop.
    • Updated with a 32k secondary heating system (electric hot water boiler) and backup wood boiler heat exchanger system.
    • Multiple updates and improvements including flooring, lighting, paint, and refinished original schoolhouse floor.
    • Includes garage, driveway, and well water source.

    Overview

    This residential/commercial property offers a versatile live-work opportunity with potential for additional living or retail space. The property includes a large workshop, a separate inventory/storage or tool shop, and ample living space, making it suitable for a contractor or artisan. The retail area is currently configured as a gift shop and includes inventory. Updates and improvements include the installation of a 32k secondary heating system—an electric hot water boiler that ties into the wood boiler heat exchanger system for backup heat. Upgrades also feature lighting improvements in most of the house, shop, garage, and retail area, along with fresh paint, a rebuilt exterior lamppost, and an added exterior display cabinet. The old schoolhouse floor has been sanded and refinished, and some flooring has been updated. The property is situated on a 1-acre lot and encompasses a total of 5064 square feet. It is located in Childwold, NY.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Department Store Storage Facility Bar & Pub Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Childwold
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.6502066
    Latitude
    44.2872809

    FAQs

    What type of property is this?
    Mixed-use property - Residential/commercial property with retail space, workshop, and living area.
    Where is this mixed-use property located?
    The property is located at 9740 State Route 3 Childwold, NY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Residential/Commercial property suitable for working from home with potential for expansion.; Includes a retail area currently set up as a gift shop with existing inventory.; Features a large workshop and separate storage/tool shop.
    (518) 524-6199
    We can help!
    Listing Contact
    Kathryn Bencze
    Kathryn Bencze
    Real Estate License ID: 10401238587
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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
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    9740 State Route 3, Childwold, NY 12922
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