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

    42 State Route 9N Ticonderoga, NY 12883

    • Investment properties
    • 576 SF
    • 0.16 lot acres
    For Sale
    View listing
    $45,000
    Last Sale
    Dec 27, 2023
    $30,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2163538
    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

    • Investment properties

    Property Details for 42 State Route 9N

    Year built
    1980
    Lot size
    0.16 lot acres
    Property size
    576 SF
    Zone code
    07 - MIXED
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    154800 160.1-3-7.200
    APU
    154800160137200

    Description

    This exceptional mixed-use property, located at 42 State Route 9N in the vibrant town of Ticonderoga, New York, presents a unique investment opportunity. Situated on a conveniently sized 0.16-acre lot, this building offers a versatile space ideal for a variety of commercial and residential uses. The property's precise square footage is currently unavailable, however, its compact footprint and prime location make it an attractive proposition for entrepreneurs and investors alike. The asking price of $89,900 makes this an exceptionally affordable entry point into the Ticonderoga commercial real estate market. Its location on State Route 9N ensures high visibility and accessibility, providing excellent exposure to a steady stream of potential customers and residents. The property's mixed-use zoning allows for creative adaptation to suit a range of business models, from retail spaces to professional offices, or even a combination of both. Further investigation into the property's zoning regulations and potential uses is encouraged. This is a rare chance to acquire a well-positioned property in a thriving community at an attractive price point. Don't miss this opportunity to secure a valuable asset in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

    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
    Ticonderoga
    County
    Essex
    State
    New York
    Longitude
    -73.4874
    Latitude
    43.8027

    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
    2020
    $1,855
    $22,400
    $31,600
    $54,000
    -
    $25,760
    $36,340
    $62,100

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      270 Burgoyne Rd

      STORE/OFFICE (MIXED USE) • 3,000 SF
      270 Burgoyne Rd, Ticonderoga, NY 12883-3112
      View Details
    • Value Estimation
      $590,000
      12,952 SF

      112 Montcalm St

      STORE/OFFICE (MIXED USE) • 12,952 SF
      112 Montcalm St, Ticonderoga, NY 12883-1353
      View Details
    • Value Estimation
      $625,000
      5,368 SF

      1186 Nys Rte 9n

      STORE/OFFICE (MIXED USE) • 5,368 SF
      1186 Nys Rte 9n, Ticonderoga, NY 12883-3106
      View Details
    • Value Estimation by Request
      1,792 SF

      794 Nys Rte 9n

      STORE/OFFICE (MIXED USE) • 1,792 SF
      794 Nys Rte 9n, Ticonderoga, NY 12883-1209
      View Details
    • Value Estimation by Request
      1,256 SF

      106 State Rte 9n

      STORE/OFFICE (MIXED USE) • 1,256 SF
      106 State Rte 9n, Ticonderoga, NY 12883-3414
      View Details
    • Value Estimation
      $590,000
      11,340 SF

      1080 Wicker St

      STORE/OFFICE (MIXED USE) • 11,340 SF
      1080 Wicker St, Ticonderoga, NY 12883-3100
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.50 Acres

      Renovated Mixed-Use Building, Ticonderoga

      Newly renovated mixed-use building in historic Ticonderoga, near Lake George.
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    • $359,000
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      Mixed-Use Property in Historic Ticonderoga

      Three buildings offer residential, commercial, and income potential.
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    • $239,000
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      Ticonderoga Mixed-Use Investment Opportunity

      Prime Ticonderoga location, 0.2-acre lot.
      85 Montcalm St, Ticonderoga, NY 12883
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    • $359,000
      2,912 SF

      Versatile Mixed-Use Property in Ticonderoga

      Three buildings with residential, commercial, and income potential.
      1053 Wicker St, Ticonderoga, NY 12883
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    • $649,999
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      Turnkey Restaurant with Acreage

      Established restaurant and home near Lake George with expansion potential.
      72 State Route 9N, Ticonderoga, NY 12883
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    • $395,000
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      Prime Ticonderoga Commercial Land

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    42 State Route 9N
    Ticonderoga, NY 12883
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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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