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    935 Ny-313 Cambridge, NY 12816
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    Property profile & analytics

    935 Ny-313 Cambridge, NY 12816

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    • Hospitality properties
    • 81.68 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 935 Ny-313

    Year built
    2023
    Lot size
    81.68 lot acres
    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    This exceptional 81.68-acre riverfront property in Cambridge, NY (zip code 12816) presents a unique investment opportunity. The 35-unit luxury glamping resort, built in 2023 and renovated in 2024, boasts a 22.20% pro-forma cap rate and a $509,475 pro-forma NOI. The property includes various accommodation types: deluxe tent cabins with private bathrooms and river views, glamping pods offering panoramic views, and off-grid travel trailers with full amenities. Guests enjoy on-site amenities such as a dining bistro, an outdoor store, a pavilion with pizza ovens, and access to various recreational activities including fishing, kayaking, and hiking. The resort's prime location, nestled between the Green Mountain National Forest and the Adirondack Mountain State Park, offers easy access to major cities like New York City, Boston, and Montreal. The property is zoned commercial and presents significant expansion potential. This turnkey operation is ready for the 2024 season, offering incredible profit margins in the luxury glamping market. The sale includes three buildings, all single-story structures. This is a rare opportunity to acquire a thriving, high-return hospitality business in a stunning natural setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Washington
    State
    New York
    Longitude
    -73.3328
    Latitude
    43.0697

    Comparable in this City

    • Value Estimation by Request
      6,096 SF

      16 Main St

      MOTEL • 6,096 SF
      16 Main St, Cambridge, NY 12816-1131
      View Details
    • Value Estimation by Request
      2,207 SF

      51 Park St

      MOTEL • 2,207 SF
      51 Park St, Cambridge, NY 12816-1252
      View Details
    • Value Estimation by Request
      2,400 SF

      744 County Rte 61

      CAMPGROUND, RV PARK • 2,400 SF
      744 County Rte 61, Cambridge, NY 12816-2134
      View Details
    • Value Estimation by Request
      0.40 Acres

      100 Main St

      VACANT COMMERCIAL LAND • 0.40 Acres
      100 Main St, Cambridge, NY 12816-1014
      View Details
    • Value Estimation by Request
      0.20 Acres

      Main N St

      VACANT COMMERCIAL LAND • 0.20 Acres
      Main N St, Cambridge, NY 12816
      View Details
    • Value Estimation by Request
      0.30 Acres

      Washington St

      PARKING LOT • 0.30 Acres
      Washington St, Cambridge, NY 12816
      View Details

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      Cambridge Mixed-Use Riverfront Property

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    Similar Nearby for Lease

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    935 Ny-313
    Cambridge, NY 12816
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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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