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    300 Hamlin Clarkson Town Line Rd Hamlin, NY 14464
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    300 Hamlin Clarkson Town Line Rd, Hamlin, NY 14464

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    • Land
    • 5.06 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 300 Hamlin Clarkson Town Line Rd

    Lot size
    5.06 lot acres
    Property type
    Land

    Description

    This exceptional 5.06-acre commercial land parcel presents a unique development opportunity in Hamlin, New York. Strategically located just east of the intersection of Hamlin Clarkson Townline Road and Lake Road North (Route 19), this property enjoys high visibility and convenient access. Situated just south of the Town of Hamlin and a short 6-mile drive west of Hilton, the site benefits from a strong regional presence. The property is zoned C-GB Commercial - General Business, allowing for a wide range of development possibilities. Its proximity to Hamlin Beach State Park and the Lake Ontario State Parkway adds to its appeal, offering potential for tourism-related businesses. This site is also available for purchase with an adjacent 24,816 square foot retail plaza, anchored by established businesses like Dollar Tree and Mark's Pizza, presenting a synergistic investment opportunity. The asking price for this remarkable 5.06-acre parcel is $200,000. The property's address is 300 Hamlin Clarkson Town Line Rd, Hamlin, NY 14464, within Monroe County.

    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
    -77.9173
    Latitude
    43.2845

    Comparable in this City

    • Value Estimation by Request
      4,210 SF

      1420 Lk Rd W Frk

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      1420 Lk Rd W Frk, Hamlin, NY 14464-9510
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    • Value Estimation by Request
      5,648 SF

      1712 Lk Rd

      SHOW ROOM, WAREHOUSE
      1712 Lk Rd, Hamlin, NY 14464-9389
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    • Value Estimation by Request
      4.78 Acres

      1336 Lk Rd E Frk

      VACANT COMMERCIAL LAND
      1336 Lk Rd E Frk, Hamlin, NY 14464-9323
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    • Value Estimation by Request
      0.60 Acres

      74 King St

      INDUSTRIAL - VACANT LAND
      74 King St, Hamlin, NY 14464-9301
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    • Value Estimation by Request
      20.20 Acres

      1712 Moscow Rd

      MINING, MINERAL, QUARRIES
      1712 Moscow Rd, Hamlin, NY 14464
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    • Value Estimation by Request
      27.60 Acres

      984 Redman Rd

      VACANT COMMERCIAL LAND
      984 Redman Rd, Hamlin, NY 14464-9607
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    Similar Nearby for Sale

    • $499,000
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    • $45,000
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      Residential Land in Hamlin, NY

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    • New
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      Ready-to-go restaurant with ample seating and a second-floor recording studio, plus potential for private events or an apartment conversion.
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      8,125 SF

      Dollar General Investment Portfolio

      Two Dollar General properties in New York with 10% cap.
      1816 Lake Rd N, Hamlin, NY 14464
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    Similar Nearby for Lease

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      4,368 SF

      Retail Space in Tops Plaza

      Retail spaces available in a busy shopping center.
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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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    Hamlin, NY 14464
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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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    300 Hamlin Clarkson Town Line Rd, Hamlin, NY, 14464
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