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    Property profile & analytics

    111 Main St Canton, NY 13617

    • Grocery and convenience stores
    • 43,275 SF
    • 6.00 lot acres
    For Lease
    View listing
    Value Estimations
    $455,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2949018
    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

    • Redbox / Movie Rental Kiosk / Dvd Store
    • Jonathan M. Kubinski, PHARM / Pharmacy
    • Price Chopper Pharmacy / Pharmacy / Vitamin & Supplements Store
    • Price Chopper / Bakery / Deli
    • Western Union / Money Transfer Service

    Property Details for 111 Main St

    Year built
    1991
    Lot size
    6.00 lot acres
    Property size
    43,275 SF
    Zone code
    01 - NOT ZONED
    Property type
    Grocery and convenience stores
    APN
    402201 88.036-4-2.11
    APU
    402201880364211

    Description

    This exceptional 7-acre commercial land parcel presents a unique build-to-suit opportunity on East Main Street. The site is ideally positioned as an end-cap pad site, offering unparalleled visibility and accessibility. With a maximum buildable area of 11,000 square feet, this property is perfect for a variety of commercial ventures. The site's strategic location benefits from its proximity to established and successful businesses, including a Price Chopper supermarket, a Monro Auto Service and Tire Center, and a brand new McDonald's restaurant. This high-traffic area ensures significant exposure for any new development. The property is offered for sale with the option of a build-to-suit arrangement or a land lease, providing flexibility for potential buyers or tenants. This is an exceptional chance to establish a presence in a thriving commercial corridor with strong existing anchors. The single-tenant zoning allows for a focused development strategy, minimizing potential conflicts and maximizing operational efficiency. The 7-acre lot provides ample space for development and potential future expansion. Don't miss this opportunity to secure a prime location in a rapidly growing area. Contact us today to learn more about this exceptional commercial land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.1508
    Latitude
    44.5969
    CBSA code
    36300
    CBSA name
    OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

    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
    0
    $0.00
    $100,000
    $1,100,000
    $1,200,000
    -
    $135,135
    $1,486,487
    $1,621,622

    Comparable in this City

    • Value Estimation
      $230,000
      6,386 SF

      127 Main St

      FINANCIAL BUILDING • 6,386 SF
      127 Main St, Canton, NY 13617-1415
      View Details
    • Value Estimation
      $200,000
      4,500 SF

      99 101st E Main St

      FINANCIAL BUILDING • 4,500 SF
      99 101st E Main St, Canton, NY 13617
      View Details
    • Value Estimation by Request
      2,800 SF

      7235 County Rd

      Individual retail properties • 2,800 SF
      7235 County Rd, Canton, NY 13617
      View Details
    • Value Estimation
      $1,125,000
      11,180 SF

      97 Main St

      RETAIL STORES (PERSONAL SERVICES) • 11,180 SF
      97 Main St, Canton, NY 13617-1445
      View Details
    • Value Estimation
      $110,000
      4,052 SF

      80 Main St

      FINANCIAL BUILDING • 4,052 SF
      80 Main St, Canton, NY 13617-1273
      View Details
    • Value Estimation
      $255,000
      2,510 SF

      33 Ct St, Unit 39

      FINANCIAL BUILDING • 2,510 SF
      33 Ct St, Canton, NY 13617-1172
      View Details

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    111 Main St
    Canton, NY 13617
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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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