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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    28451-453 Co Rte 6th 6 Cape Vincent, NY 13618

    • Motels
    • 2,000 SF
    • 7.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4337801
    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

    • Motels

    Property Details for 28451-453 Co Rte 6th 6

    Year built
    1979
    Lot size
    7.93 lot acres
    Property size
    2,000 SF
    Property type
    Motels
    APN
    222889 59.08-1-63.53
    APU
    222889590816353

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Vincent
    County
    Jefferson
    State
    New York
    Longitude
    -76.3097
    Latitude
    44.078
    CBSA code
    48060
    CBSA name
    WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA

    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
    0
    $0.00
    $87,200
    $113,200
    $200,400
    -
    $106,341
    $138,049
    $244,390

    Comparable in this City

    • Value Estimation by Request
      3,100 SF

      230 Pt St, Unit 262

      MOTEL • 3,100 SF
      230 Pt St, Cape Vincent, NY 13618-7772
      View Details
    • Value Estimation by Request
      10,725 SF

      111 Broadway St

      MOTEL • 10,725 SF
      111 Broadway St, Cape Vincent, NY 13618
      View Details
    • Value Estimation
      $575,000
      3,696 SF

      427 Market St

      MOTEL • 3,696 SF
      427 Market St, Cape Vincent, NY 13618-3251
      View Details
    • Value Estimation by Request
      680 SF

      6351 Burnham Pt Rd

      CAMPGROUND, RV PARK • 680 SF
      6351 Burnham Pt Rd, Cape Vincent, NY 13618
      View Details
    • Value Estimation
      $690,000
      5,184 SF

      35155-157 Old Co Rte 7th 7

      MOBILE HOME PARK, TRAILER PARK • 5,184 SF
      35155-157 Old Co Rte 7th 7, Cape Vincent, NY 13618
      View Details
    • Value Estimation by Request
      720 SF

      34851 County Rte 7th 7

      MOBILE HOME PARK, TRAILER PARK • 720 SF
      34851 County Rte 7th 7, Cape Vincent, NY 13618-2150
      View Details

    Similar Nearby for Sale

    • New
      $69,900
      0.25 Acres

      Waterfront Motorhome Lots Available

      Waterfront lots for motorhomes, RV's, and singlewide trailers.
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    • $1,200,000

      Historic Hotel & Restaurant Opportunity

      Historic 16-room hotel and restaurant/bar in Cape Vincent, NY.
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      Waterfront Motorhome Lot Opportunity

      Affordable waterfront and off-water lots for motorhomes, RV's, and trailers.
      2892 Ontario Shores Dr, Cape Vincent, NY 13618
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    • New
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      Waterfront Motorhome Lot for Sale

      Affordable waterfront lot for motorhome in Cape Vincent, NY.
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    • New
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      Waterfront Paradise for Motorhome or Camper

      Affordable waterfront co-op lot for seasonal living.
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      Waterfront Lot in Cooperative Corporation

      Waterfront lot available in Ontario Shores Cooperative Corporation.
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    28451-453 Co Rte 6th 6
    Cape Vincent, NY 13618
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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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