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    587 Lake Flower Ave Saranac Lake, NY 12983

    • Grocery and convenience stores
    • 19,695 SF
    • 3.00 lot acres
    For Sale
    View listing
    $500,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-3194119
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ALDI / Supermarket / Grocery Store

    Property Details for 587 Lake Flower Ave

    Year built
    2018
    Lot size
    3.00 lot acres
    Property size
    19,695 SF
    Zone code
    07 - MIXED
    Property type
    Grocery and convenience stores
    APN
    154003 32.280-1-2.210
    APU
    1540033228012210

    Description

    This exceptional 0.5-acre commercial land parcel is ideally situated in Saranac Lake, New York, at 587 Lake Flower Ave, in Essex County, zip code 12983. The property boasts a prime location adjacent to the newly developed Aldi Supermarket, ensuring high visibility and accessibility for any business. This strategic placement promises a strong potential for high foot traffic, benefiting from the steady stream of customers visiting the neighboring supermarket. The land offers significant advantages for businesses seeking a thriving location within a bustling community. The asking price for this exceptional opportunity is $500,000, translating to a land value of $22.96 per square foot. Its convenient location and proximity to other commercial establishments make it an attractive investment for entrepreneurs looking to establish a successful venture in the heart of Saranac Lake's commercial landscape. This property presents a unique chance to capitalize on the area's strong commercial activity and establish a business with excellent visibility and customer access. The coordinates for this property are latitude 44.3123797 and longitude -74.1152921.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Essex
    State
    New York
    Longitude
    -74.1153
    Latitude
    44.3124

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $49,197
    $470,300
    $1,647,300
    $2,117,600
    -
    $470,300
    $1,647,300
    $2,117,600

    Comparable in this City

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    • Value Estimation
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    Saranac Lake, NY 12983
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    Realmo Value Estimation

    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.

    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.

    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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