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Property profile & analytics
OFF-MARKET
Estimated value
$6,575,000
Motels
384 Canada St, Lake George, NY 12845-1100
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-3510184
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Total area
4,363 SF
Lot
3.64 ac (158,558 SF)
Zoning code
05 - COMMERCIAL
APN
522201 251.14-3-27
UPID
US63-3510184
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
-
Giovanna's On the Lake Wedding Service
-
Georgian Lakeside Resort Hotel & Motel Resort
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.58M
Owner & transaction history
384 Canada Street LLC · 6 yrs held
384 Canada Street LLC
since 2020
Last sale
$7.4M
5 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Lake George, 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 George submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake George 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
Method
Estimation
Statistic approach
$5,800,000
ML approach
$5,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.58M
Range $5.92M – $7.23M · ±10% · vs last sale $7.40M (Feb 12 2020)
Last sale anchor
$7.40M
Feb 12 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,507 / SF
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 2021Property tax & assessments
Tax year 2021
Assessed value
$7,400,000
Assessed 2023
Previous assessed
$7,400,000
+0.0% YoY
Assessed land
$2,479,900
Assessed improvement
$4,920,100
Land market value
$2,952,262
Improvement market value
$5,857,262
Total market value
$8,809,524
Applied tax rate
522,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
CENTRAL
Buildings
10
Stories
2
Total area
4,363 SF
Lot
3.64 ac (158,558 SF)
Zoning code
05 - COMMERCIAL
APN
522201 251.14-3-27
UPID
US63-3510184
Jurisdiction
WARREN
Zoning & alternative use
05 - COMMERCIAL · Lake George, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Lake George, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake George. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
2
Buildings
10
Lot
3.64 ac
Current owner
From public records · entity-resolved
384 Canada Street LLC
Entity
Mailing address
384 CANADA ST, LAKE GEORGE, NY 12845-1100
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2020
$8,500,000
384 Canada Street LLC
Georgian Motel Corp
Warranty Deed
$1,000,000 · Glens Falls Nat'l Bk & Tr Co
Feb 12, 2020
—
384 Canada Street LLC
—
Deed
related
$6,800,000 · Glens Falls Nat'l Bk & Tr Co
Aug 31, 2018
—
Georgian Motel Corp
—
Deed
related
$3,800,000 · First Ic Bk
—
—
384 Canada Street LLC
—
Loan Modification
related
$6,800,000 · Glens Falls Nat'l Bk & Tr Co
—
—
Georgian Motel Corp
—
Deed Of Trust
related
$3,800,000 · First Ic Bk
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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