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Property profile & analytics
FOR LEASE
Strip malls
1800 Lake Rd N, Hamlin, NY 14464
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1070155
For Lease
1 / 43
$10 SF/Yr
1800 Lake Rd N, Hamlin, NY 14464
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Total area
61,175 SF
Lot
12.03 ac (524,027 SF)
Zoning code
CGB
APN
263000 021.03-3-23.1
UPID
US63-1070155
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
Current use
Occupant on record · Public records
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Tops Pharmacy Pharmacy
-
Tops Friendly Markets Specialty Food Shop Supermarket
-
Tops Gas Station Gas Station
-
Primo Water Refill & Exchange Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.71M
Owner & transaction history
Sky New York Holdings LLC · 4 yrs held
Sky New York Holdings LLC
since 2022
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
CGB · Hamlin, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+3.5%
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 Hamlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamlin 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
$2,890,000
ML approach
$2,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,270,000
Current use
COMMERCIAL (GENERAL)
$4,415,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±10% · vs last sale $2.83M (May 5 2022)
Last sale anchor
$2.83M
May 5 2022
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
$44 / 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
Property tax & assessments
Assessed value
$2,016,800
Assessed 2023
Previous assessed
$2,016,800
+0.0% YoY
Assessed land
$161,000
Assessed improvement
$1,855,800
Land market value
$240,295
Improvement market value
$2,769,805
Total market value
$3,010,100
Applied tax rate
265,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1997
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
61,175 SF
Lot
12.03 ac (524,027 SF)
Zoning code
CGB
APN
263000 021.03-3-23.1
UPID
US63-1070155
Jurisdiction
MONROE
Zoning & alternative use
CGB · Hamlin, NY
Zoning CGB · permitted uses
CGB · Hamlin, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1997
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
12.03 ac
Current owner
From public records · entity-resolved
Sky New York Holdings LLC
Entity
Mailing address
10101 FONDREN RD STE #545, HOUSTON, TX 77096-5148
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
$2,834,713
Sky New York Holdings LLC
Tg Cotops Hamlin Ny LLC
Bargain And Sale Deed
$22,596,785 · United Texas Bank
Mar 16, 2020
—
Tg-cotops Arcade Ny LLC
—
Deed
related
$4,233,043 · Metropolitan Com'l Bk
Feb 11, 2014
—
Tg Cotops Hamlin Ny LLC
Cole Cotops Hamlin Ny LLC
Deed
—
Jun 9, 2010
$2,703,381
Cole Of Cotops Hamlin Ny LLC
Buffalo-hamlin Holdings LLC
Grant Deed
—
Jun 1, 2004
—
Buffalo-hamlin Holdings LLC
Buffalo-hamlin Associates LLC
Quit Claim Deed
related
—
—
—
Tg-cotops Arcade Ny LLC
—
Deed Of Trust
related
$4,233,043 · Metropolitan Com'l Bk
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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