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    406-432 Hamlin Clarkson Town Line Rd Hamlin, NY 14464
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    406-432 Hamlin Clarkson Town Line Rd Hamlin, NY 14464

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    • Shopping centers
    • 24,816 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shopping centers

    Property Details for 406-432 Hamlin Clarkson Town Line Rd

    Year built
    1983
    Property size
    24,816 SF
    Property type
    Shopping centers
    Property subtype
    Retail properties & Spaces

    Description

    Hamlin Plaza, located at 406-432 Hamlin Clarkson Town Line Rd, Hamlin, NY 14464, presents a prime retail investment opportunity. This single-story, 24,816 square foot plaza, built in 1983 and extensively renovated in 2023, boasts a highly desirable location at the intersection of Hamlin Clarkson Townline Rd and State Route 19, just south of the Village of Hamlin and Hamlin Beach State Park. The property sits on a 5.45-acre lot and features six suites in total. Currently, 8,664 square feet of contiguous space is available, with a minimum divisible space of 2,100 square feet. The plaza benefits from strong anchor tenants, including a new 10,000 square foot Dollar Tree and a Mark's Pizzeria, driving significant foot traffic. Remarkably, visitor counts to Hamlin Plaza have increased by nearly 70% year-over-year since the Dollar Tree opened. This property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. No elevators are present. Monroe County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hamlin
    County
    Monroe
    State
    New York
    Longitude
    -77.9193
    Latitude
    43.2852

    Comparable in this City

    • Value Estimation by Request
      24,816 SF

      406-432 Hamlin Clarkson Town Line Rd

      Shopping centers • 24,816 SF
      406-432 Hamlin Clarkson Town Line Rd, Hamlin, NY 14464
      View Details
    • Value Estimation by Request
      26,256 SF

      406-432 Hamlin Clarkson Town Line Rd

      SHOPPING CENTER, STRIP CENTER • 26,256 SF
      406-432 Hamlin Clarkson Town Line Rd, Hamlin, NY 14464
      View Details
    • Value Estimation
      $2,710,000
      61,175 SF

      1800 Lk Rd

      SHOPPING CENTER, STRIP CENTER • 61,175 SF
      1800 Lk Rd, Hamlin, NY 14464-9430
      View Details
    • Value Estimation by Request
      60,488 SF

      1796-1808 Lake Rd

      Retail properties & Spaces • 60,488 SF
      1796-1808 Lake Rd, Hamlin, NY 14464
      View Details
    • Value Estimation by Request
      5,648 SF

      1712 Lk Rd

      SHOW ROOM, WAREHOUSE • 5,648 SF
      1712 Lk Rd, Hamlin, NY 14464-9389
      View Details
    • Value Estimation by Request
      3,600 SF

      52 Railroad Ave

      BAR, TAVERN • 3,600 SF
      52 Railroad Ave, Hamlin, NY 14464-9598
      View Details

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    • Contact for pricing
      0.49 Acres

      Corner Lot in Hamlin, NY

      Residential corner lot in Hamlin, NY, with public utilities.
      27 Traciann Dr, Hamlin, NY 14464
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    • $45,000
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      Residential Land in Hamlin, NY

      1.5 acre lot with utilities ready for new construction.
      1048 Hamlin Center Rd, Hamlin, NY 14464
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    Similar Nearby for Lease

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      1,350 SF

      Retail Space in Tops Plaza

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      Retail Space in Tops Plaza

      Retail spaces available in Hamlin's main shopping center.
      1766 Lake Rd, Hamlin, NY 14464
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    • $10 SF/Yr

      Grocery Anchored Shopping Plaza

      61,000 sq ft shopping center in Hamlin, NY.
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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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    406-432 Hamlin Clarkson Town Line Rd, Hamlin, NY, 14464
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