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    13410 State Route 12 Boonville, NY 13309
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    13410 State Route 12, Boonville, NY 13309

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    • Investment properties
    • 3,520 SF
    • 0.18 lot acres
    For Sale
    $450,000
    View Listing →
    Boonville Mixed-Use Investment Opportunity For Sale
    $450,000
    3,520 SF

    Boonville Mixed-Use Investment Opportunity

    Five Units, Laundromat, Home Included

    Talcottville, NY 13309
    View Listing
    Property ID
    US63-1715677
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 13410 State Route 12

    Year built
    1950
    Lot size
    0.18 lot acres
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    302601 22.018-2-40
    APU
    30260122018240

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 17, 2017 $285,000 13410 Kindred Real Estate LLC Shoemaker,chad L & May V Warranty Deed $188k · Watertown Svgs Bk
    May 3, 2007 $116,000 Chad Shoemaker Shoemaker,charles & Olivia Grant Deed —

    Description

    This exceptional mixed-use property in Boonville, NY, presents a lucrative investment opportunity. Located at 13410 State Route 12, this offering encompasses a fully occupied commercial plaza featuring five individual storefronts, generating consistent rental income. The property also includes a thriving, recently updated laundromat business, complete with all necessary equipment, contributing significantly to the overall revenue stream. This turnkey operation boasts new equipment, resulting in a substantial increase in profitability. Adding to the appeal is a detached four-bedroom single-family home, providing additional income potential through rental or owner occupancy, and a detached garage. The entire property sits on a 0.43-acre lot, offering ample space and potential for future development or expansion. With a total building area of 3,520 square feet, this property is priced at $450,000 and represents a rare chance to acquire a diversified, high-income-producing asset in a desirable location, offering easy access to the Adirondack Mountains. This is an ideal investment for those seeking passive income and a strong return on investment. The property's current occupancy and established businesses minimize risk and maximize immediate returns. The combination of commercial rental income, laundromat profits, and residential possibilities makes this a truly unique and compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boonville
    County
    Oneida
    State
    New York
    Longitude
    -75.3307
    Latitude
    43.4845
    CBSA code
    46540
    CBSA name
    UTICA-ROME, NY METROPOLITAN 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
    $15,900
    $89,700
    $105,600
    -
    $31,800
    $179,400
    $211,200

    Comparable in this City

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      Park Ave

      STORE/OFFICE (MIXED USE)
      Park Ave, Boonville, NY 13309
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      1,342 SF

      101 Schuyler St

      STORE/OFFICE (MIXED USE)
      101 Schuyler St, Boonville, NY 13309-1103
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    • Value Estimation
      $735,000
      7,752 SF

      13485 State Rte 12

      STORE/OFFICE (MIXED USE)
      13485 State Rte 12, Boonville, NY 13309-3530
      View Details
    • Value Estimation by Request
      770 SF

      11254 State Rte 12

      STORE/OFFICE (MIXED USE)
      11254 State Rte 12, Boonville, NY 13309-4907
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      752 SF

      Post St

      STORE/OFFICE (MIXED USE)
      Post St, Boonville, NY 13309
      View Details

    Similar Nearby for Sale

    • $450,000
      3,520 SF

      Boonville Mixed-Use Investment Opportunity

      Five Units, Laundromat, Home Included
      13410 State Route 12, Boonville, NY 13309
      View Details
    • $89,900
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      Commercial Lot on State Route

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      Merry Hill Storage Facility

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    Boonville, NY 13309
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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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