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    Property profile & analytics

    2744 Main St Crown Point, NY 12928

    • Investment properties
    • 968 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3233564
    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

    • Crown Point Bread Co / Bakery
    • Avery Energy 24 hr. Diesel / Gas Station

    Property Details for 2744 Main St

    Year built
    2000
    Lot size
    0.23 lot acres
    Property size
    968 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    152200 117.20-1-33.200
    APU
    15220011720133200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Essex
    State
    New York
    Longitude
    -73.4276
    Latitude
    43.9511

    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
    $2,644
    $12,700
    $41,700
    $54,400
    -
    $15,301
    $50,241
    $65,542

    Comparable in this City

    • Value Estimation
      $265,000
      896 SF

      2961 Nys Rte 9n

      STORE/OFFICE (MIXED USE) • 896 SF
      2961 Nys Rte 9n, Crown Point, NY 12928-2501
      View Details
    • Value Estimation
      $240,000
      5,395 SF

      2923 Nys Rte 9n

      STORE/OFFICE (MIXED USE) • 5,395 SF
      2923 Nys Rte 9n, Crown Point, NY 12928-2501
      View Details
    • Value Estimation
      $60,000
      3,600 SF

      1659 Crk Rd

      STORE/OFFICE (MIXED USE) • 3,600 SF
      1659 Crk Rd, Crown Point, NY 12928-2529
      View Details
    • Value Estimation
      $250,000
      1,920 SF

      3533 Nys Rte 9n

      STORE/OFFICE (MIXED USE) • 1,920 SF
      3533 Nys Rte 9n, Crown Point, NY 12928-2412
      View Details
    • Value Estimation
      $270,000
      1,723 SF

      2786 Main St

      STORE/OFFICE (MIXED USE) • 1,723 SF
      2786 Main St, Crown Point, NY 12928-2639
      View Details
    • Value Estimation
      $270,000
      676 SF

      2779 Main St

      STORE/OFFICE (MIXED USE) • 676 SF
      2779 Main St, Crown Point, NY 12928
      View Details

    Similar Nearby for Sale

    • $265,000
      Pending

      Crown Point Versatile Land Parcel

      38.3 acres near town center with utilities and development potential.
      19 Porter Mill Rd, Crown Point, NY 12928
      View Details
    • $75,000
      24.90 Acres

      24.9 Acres Vacant Land

      24.9-acre wooded property in Crown Point, NY.
      L22.120 Hog Back Rd, Essex, NY 12928
      View Details
    • $235,000
      0.43 Acres

      Waterfront Parcels on Lake Champlain

      Two contiguous waterfront parcels with sandy beach and open cove.
      22-24 Hedge Row, Crown Point, NY 12928
      View Details
    • $60,000
      16.00 Acres

      16-Acre Wooded Land in Essex

      16-acre wooded property ideal for an ADK getaway.
      L11.120 Hogback Rd, Essex, NY 12928
      View Details
    • $235,000
      0.43 Acres

      Lake Champlain Waterfront Land Parcels

      Two contiguous waterfront parcels on Lake Champlain with sandy beach.
      22-24 Hedge Row, Crown Point, NY 12928
      View Details
    • $274,900
      3.50 Acres

      Waterfront Land on Lake Champlain

      Residential land with 220 feet of water frontage.
      Bridge Rd, Crown Point, NY 12928
      View Details
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    2744 Main St
    Crown Point, NY 12928
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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.

    More about this property
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