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Property profile & analytics
OFF-MARKET
Office buildings
2038 Saranac Ave 1-7 Lake Placid, NY 12946-1177
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-1890529
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
3,476 SF
Lot
3.82 ac (166,399 SF)
Zoning code
07 - MIXED
APN
154089 42.32-3-5.000
UPID
US63-1890529
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
-
Jacob Hadden, Ph.D. Physician Medical Clinic
-
Burnham Benefit Advisors Insurance Agency
-
Hayes Land Holding LLC Holding Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mark Crawford · 10 yrs held
Mark Crawford
since 2016
3 recorded transactions
Zoning & alternative use
07 - MIXED · Lake Placid, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Placid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Placid 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$8,322
Tax year 2020
Assessed value
$693,300
Assessed 2023
Previous assessed
$654,100
+6.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$209,800
Assessed improvement
$483,500
Land market value
$209,800
Improvement market value
$483,500
Total market value
$693,300
Applied tax rate
154,002.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
1
Stories
2
Total area
3,476 SF
Lot
3.82 ac (166,399 SF)
Zoning code
07 - MIXED
APN
154089 42.32-3-5.000
UPID
US63-1890529
Jurisdiction
ESSEX
Zoning & alternative use
07 - MIXED · Lake Placid, NY
Zoning 07 - MIXED · permitted uses
07 - MIXED · Lake Placid, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Placid. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
2
Buildings
1
Lot
3.82 ac
Current owner
From public records · entity-resolved
Mark Crawford
Individual
Mailing address
2038 SARANAC AVE, LAKE PLACID, NY 12946-1177
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2016
$635,000
Mark Crawford
Ccc Lake Placid Realty LLC
Deed
—
Jan 6, 2014
—
Ccc Lake Placid Realty LLC
Jeffrey Burnham
Deed
—
May 8, 2012
$400,000
Jeffrey Burnham
Eric Scholl
Deed
—
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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