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Property profile & analytics
OFF-MARKET
Estimated value
$9,405,000
Super regional malls
1444 State Rte 9th 9, Lake George, NY 12845-3480
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-1776876
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1986
Total area
86,968 SF
Lot
7.05 ac (307,098 SF)
Zoning code
CI
APN
523400 288.12-1-22
UPID
US63-1776876
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.41M
Owner & transaction history
Adirondack Northway LLC · 2 yrs held
Adirondack Northway LLC
since 2023
Last sale
$9.0M
2 recorded transactions
Zoning & alternative use
CI · Lake George, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.0M
+495.5%
Restaurant
$9.0M
+312.8%
Auto repair, garage
$7.4M
+241.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake George submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake George submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,655,000
ML approach
$8,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,990,000
Change: +496% · Conversion: Easy
RESTAURANT
$9,005,000
Change: +313% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,440,000
Change: +241% · Conversion: Difficult
OFFICE BUILDING
$7,085,000
Change: +225% · Conversion: Moderate
RETAIL STORES
$5,880,000
Change: +170% · Conversion: Easy
Blend value · Realmo final
$9.41M
Range $8.46M – $10.35M · ±10% · vs last sale $9.00M (Nov 21 2023)
Last sale anchor
$9.00M
Nov 21 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$40,760
Tax year 2021
Assessed value
$6,231,000
Assessed 2023
Previous assessed
$6,231,000
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,088,400
Assessed improvement
$5,142,600
Land market value
$1,280,473
Improvement market value
$6,050,127
Total market value
$7,330,600
Applied tax rate
522,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
86,968 SF
Lot
7.05 ac (307,098 SF)
Zoning code
CI
APN
523400 288.12-1-22
UPID
US63-1776876
Jurisdiction
WARREN
Zoning & alternative use
CI · Lake George, NY
Zoning CI · permitted uses
CI · Lake George, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake George. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$13.0M
RESTAURANT
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.1M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
7.05 ac
Current owner
From public records · entity-resolved
Adirondack Northway LLC
Entity
Mailing address
1444 RTE 9TH 9, LAKE GEORGE, NY 12845
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$9,000,000
Adirondack Northway LLC
Adirondack Factory Ou INC
Deed
$12,750,000 · Khre Sma Funding LLC
—
—
Adirondack Factory Outlet Cent
—
Deed Of Trust
related
$6,312,919 · Td Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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