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    Property profile & analytics

    250 Lk Flower Ave Saranac Lake, NY 12983-2460

    • Hotels
    • 68,292 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimation
    $11,920,000
    Last Sale
    Aug 19, 2024
    $11,960,000
    Location Intelligence
    Property ID
    US63-3285657
    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

    • Saranac Waterfront Lodge, Trademark Collection by Wyndham / Lodge / Hotel
    • Macys Hanover ma / Clothing Store
    • Boathouse Saranac Lake Pub / Restaurant
    • HK Waterfront / Boat Rental Service / Boat Tour Agency
    • Harvest - Saranac Lake / Food And Drink

    Property Details for 250 Lk Flower Ave

    Year built
    2019
    Lot size
    2.80 lot acres
    Property size
    68,292 SF
    Zone code
    07 - MIXED
    Property type
    Hotels
    APN
    154003 32.230-1-1.000
    APU
    1540033223011000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $11,960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,745,000
      6.5%
      $12,920,000
      7%
      $11,380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $12,895,000
      Geo Method
      $12,115,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,635,000
      Retail
      $12,205,000
      Mixed-Use
      $9,690,000
      Hospitality
      $11,240,000
      Educational
      $10,375,000
      Residential Income
      $9,760,000
      Energy
      $10,720,000
      Income-Based Land
      $12,110,000
      Food Service
      $12,170,000

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Essex
    State
    New York
    Longitude
    -74.1236
    Latitude
    44.3223

    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
    2020
    $53,132
    $755,200
    $6,614,900
    $7,370,100
    -
    $755,200
    $6,614,900
    $7,370,100

    Comparable in this City

    • Value Estimation by Request
      53,112 SF

      100 Main St

      HOTEL • 53,112 SF
      100 Main St, Saranac Lake, NY 12983-1732
      View Details
    • Value Estimation
      $275,000
      17,350 SF

      81 Church St

      HOTEL • 17,350 SF
      81 Church St, Saranac Lake, NY 12983
      View Details
    • Value Estimation
      $1,200,000
      3,680 SF

      439 Lk Flower Ave

      MOTEL • 3,680 SF
      439 Lk Flower Ave, Saranac Lake, NY 12983
      View Details
    • Value Estimation by Request
      360 SF

      58 Cp Colby Rd, Unit 107

      CAMPGROUND, RV PARK • 360 SF
      58 Cp Colby Rd, Saranac Lake, NY 12983-5423
      View Details
    • Value Estimation
      $430,000
      1,077 SF

      181 Riv St

      MOTEL • 1,077 SF
      181 Riv St, Saranac Lake, NY 12983
      View Details
    • Value Estimation by Request
      33,494 SF

      477 Lk Flower Ave

      MOTEL • 33,494 SF
      477 Lk Flower Ave, Saranac Lake, NY 12983-2463
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Freestanding QSR Drive-Thru Space

      1,500 SF drive-thru space for lease in Saranac Lake.
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      View Details
    • $20 SF/Yr
      30,000 SF

      Retail/Office Space Near Hospital

      New retail or office space near Saranac Lake Hospital.
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      View Details
    • Contact for pricing
      68,610 SF

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      View Details
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    Saranac Lake, NY 12983-2460
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    Realmo Value Estimation

    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.

    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.

    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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