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4 Lake St, Richfield Springs, NY 13439
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Property summary
AI-generated overview
4 Lake Street in Richfield Springs, New York is a mixed-use property comprising a total building area of 3,640 square feet, with a laundromat occupying approximately 1,500 square feet. The laundromat space includes multiple commercial laundry machines and related amenities: two Speed Queen 30-lb washers, five Speed Queen top-load washers, seven Continental ExpressWash 22-lb machines, ten commercial dryers, a vending machine, and two change machines. The building also contains two residential rental units, including a three-bedroom apartment and a studio apartment, with tenants responsible for heat, electricity, and hot water. The property includes expansion potential through an additional approximately 500–700 square feet of space suited for increasing machine count and related services. Zoning is not specified in the provided description.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Total area
3,588 SF
Lot
0.08 ac (3,485 SF)
Zoning code
01 - NOT ZONED
APN
365601 25.05-1-28.00
UPID
US63-4121803
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$60k
Owner & transaction history
since 2025
Last sale
$22,500
6 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Richfield Springs, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$60k
Value range
$54k – $66k
±10% around blend
Estimated value / SF
$17 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
80
$54k
blend $60k
$66k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,588 SF
Lot area
0.08 ac
Year built
1950
Stories
2
APN
365601 25.05-1-28.00
Zoning
01 - NOT ZONED
Assessed value
$53,800
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$96k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.1 mi away · 3,640 SF
5.2 mi away · 2,780 SF
11.9 mi away · 2,700 SF
12.0 mi away · 3,520 SF
20.1 mi away · 3,406 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$60k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 98 sales
$71
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $17/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$22k
Move the market yield to see immediate price impact.
Value / SF
$6
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1k
$28k
$20k
$16k
$2k
$32k
$22k
$18k
$2k
$35k
$25k
$19k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$90k
0.1 mi · Apr 2026 · $22/SF
Property tax & assessments
Property tax & assessments
Assessed value
$53,800
Assessed 2023
Previous assessed
$53,800
+0.0% YoY
Assessed land
$10,700
Assessed improvement
$43,100
Land market value
$15,070
Improvement market value
$60,705
Total market value
$75,775
Applied tax rate
365,601.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1950
Heating
NONE
Buildings
1
Stories
2
Total area
3,588 SF
Lot
0.08 ac (3,485 SF)
Zoning code
01 - NOT ZONED
APN
365601 25.05-1-28.00
UPID
US63-4121803
Jurisdiction
OTSEGO
Zoning & alternative use
01 - NOT ZONED · Richfield Springs, NYZoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Richfield Springs, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
2
Buildings
1
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
01 - NOT ZONED
Jurisdiction
Richfield Springs, NY
Recorded code
01 - NOT ZONED
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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