Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29 Woodruff St Saranac Lake, NY 12983-1792
    Back to Search
    Property profile & analytics

    29 Woodruff St, Saranac Lake, NY 12983-1792

    View on Map
    • Investment properties
    • 5,875 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US63-0134373
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Saranac Lake Youth Center / Child Welfare Organization / Charitable Organization

    Property Details for 29 Woodruff St

    Year built
    1925
    Lot size
    0.07 lot acres
    Zone code
    07 - MIXED
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    164601 447.69-7-12
    APU
    16460144769712

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 31, 2009 — Cahal Carmody Cm Property Hldgs LLC Grant Deed · related —
    Sep 1, 2009 $100,100 Cm Prop Hldgs LLC Schneck,richard Grant Deed —
    Dec 19, 2006 $190,000 Richard Schneck Rice,suzanne Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.1303
    Latitude
    44.3282
    CBSA code
    31660
    CBSA name
    MALONE, 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
    $12,700
    $132,500
    $145,200
    -
    $17,397
    $181,507
    $198,904

    Comparable in this City

    • Value Estimation by Request
      5,627 SF

      110 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      110 Broadway, Saranac Lake, NY 12983-1447
      View Details
    • Value Estimation by Request
      7,746 SF

      60-62 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      60-62 Broadway, Saranac Lake, NY 12983
      View Details
    • Value Estimation
      $575,000
      4,155 SF

      15 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      15 Broadway, Saranac Lake, NY 12983-1727
      View Details
    • Value Estimation by Request
      3,045 SF

      1332 Pne St

      OFFICE/RESIDENTIAL (MIXED USE)
      1332 Pne St, Saranac Lake, NY 12983-1962
      View Details
    • Value Estimation by Request
      4,680 SF

      27 Woodruff St

      OFFICE/RESIDENTIAL (MIXED USE)
      27 Woodruff St, Saranac Lake, NY 12983-1748
      View Details
    • Value Estimation by Request
      5,400 SF

      7 Bloomingdale Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      7 Bloomingdale Ave, Saranac Lake, NY 12983-1200
      View Details

    Similar Nearby for Sale

    • $450,000

      Saranac Lake Mixed-Use Opportunity

      Versatile building in vibrant Adirondack community, ideal for redevelopment.
      15 Brandy Brook Ave, Saranac Lake, NY 12983
      View Details
    • $695,000
      8,449 SF

      Mixed-Use Commercial Building in Saranac

      Prime mixed-use property in Saranac Lake's central business district.
      97 Main St, Saranac Lake, NY 12983
      View Details
    • $760,000
      3,740 SF

      Colonial Revival Multifamily Property

      Stately 5-unit property in downtown Saranac Lake.
      115 Main St, Saranac Lake, NY 12983
      View Details
    • $635,000
      3,126 SF

      Historic Mixed-Use Saranac Lake Property

      Landmark property with office space and apartments in prime location.
      30 Academy St, Saranac Lake, NY 12983
      View Details
    • $750,000
      7,192 SF

      Saranac Lake Mixed-Use Gem

      Iconic mixed-use property in downtown Saranac Lake with riverfront appeal.
      36 Broadway, Saranac Lake, NY 12983
      View Details
    • $1,275,000
      Pending

      Mixed-Use Building with Elevator

      Four-level 1930 building combines street-level medical office space with residential unit potential.
      86 Main St, Saranac Lake, NY 12983
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Saranac Lake Drive-Thru Restaurant Space

      Freestanding 1,500 SF drive-thru space in Saranac Lake, NY.
      622 Lake Flower Ave, Saranac Lake, NY 12983
      View Details
    • Contact for pricing
      9,088 SF

      Retail Space Co-tenanted with Aubuchon

      Prime retail space available for rent, co-tenanted with Aubuchon Hardware.
      274 Broadway, Saranac Lake, NY 12983
      View Details
    • Contact for pricing
      1,500 SF

      Freestanding QSR Drive-Thru Space

      1,500 SF drive-thru space for lease in Saranac Lake.
      600 Lake Flower Ave, Saranac Lake, NY 12983
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29 Woodruff St
    Saranac Lake, NY 12983-1792
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    29 Woodruff St, Saranac Lake, NY, 12983
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!