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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Turn key restaurants
4 Kurosaka Ln, Lake George, NY 12845-1443
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-2791734
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Total area
6,055 SF
Lot
0.93 ac (40,511 SF)
Zoning code
07 - MIXED
APN
522201 251.18-3-61
UPID
US63-2791734
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
-
Lake George Shoreline Restaurant Restaurant
-
Lighthouse Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.55M
Owner & transaction history
Abutter LLC · 3 yrs held
Abutter LLC
since 2023
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
07 - MIXED · 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
$1,650,000
ML approach
$1,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.39M (Apr 19 2023)
Last sale anchor
$1.39M
Apr 19 2023
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
$256 / 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
$2,392,500
Assessed 2023
Previous assessed
$2,392,500
+0.0% YoY
Assessed land
$1,600,700
Assessed improvement
$791,800
Land market value
$1,905,595
Improvement market value
$942,619
Total market value
$2,848,214
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
Similar Nearby for Lease
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
6,055 SF
Lot
0.93 ac (40,511 SF)
Zoning code
07 - MIXED
APN
522201 251.18-3-61
UPID
US63-2791734
Jurisdiction
WARREN
Zoning & alternative use
07 - MIXED · Lake George, NY
Zoning 07 - MIXED · permitted uses
07 - MIXED · 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
1985
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Abutter LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2 KUROSAKA LN, LAKE GEORGE, NY 12845-1443
Ownership since
2023
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
Apr 19, 2023
$1,393,557
Abutter LLC
Waterfront Marina LLC
Deed
—
Dec 9, 2022
$2,875,000
Waterfront Marina LLC
James D Quirk
Warranty Deed
$4,000,000 · Chemung Canal Trust Co
Nov 8, 2022
—
James D Quirk
Qmr 2 LLC
Warranty Deed
—
Mar 31, 2015
$970,000
Qmr II LLC
Quirks Marine Rentals INC
Warranty Deed
$413,455 · Glens Falls Nat'l Bk & Tr Co
Mar 24, 2015
—
Quirks Marine Rentals INC
Quirk James D
Quit Claim Deed
related
—
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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