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    Property profile & analytics

    439 Canada St Lake George, NY 12845

    • Motels
    • 12,840 SF
    • 0.44 lot acres
    For Sale
    View listing
    $2,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4577831
    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

    • Baymont by Wyndham Lake George / Hotel & Motel

    Property Details for 439 Canada St

    Year built
    1993
    Lot size
    0.44 lot acres
    Property size
    12,840 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Motels
    APN
    522201 251.14-2-38
    APU
    52220125114238

    Description

    This exceptional 50-key Baymont by Wyndham motel in Lake George, NY, presents a lucrative investment opportunity. Boasting 16,600 square feet across three buildings on a 1.02-acre lot, this property offers a mix of interior and exterior corridor guest rooms, all conveniently accessible via an elevator. Built in phases (1957, 1974, 1989, 1993) and extensively renovated in 2022, the motel features amenities including indoor and outdoor swimming pools, free parking, a breakfast/conference room, free Wi-Fi, and a 24/7 front desk. Each of the 50 non-smoking guest rooms includes mountain views, a flat-screen HDTV, mini-refrigerator, coffee/tea maker, and more. The property also includes guest laundry facilities, event space, and pet-friendly rooms. A significant advantage is the spacious three-bedroom owner's apartment located above the reception area, ideal for owner-operators. The motel benefits from its prime location in America's first vacation spot, near popular attractions like Million Dollar Beach, Six Flags Great Escape, and the Aviation Mall, making it an attractive destination for leisure and business travelers. The asking price is $2,700,000, with a price per square foot of $162.65. This established Wyndham franchise offers the support of a global hotel company, promising strong potential for increased revenue and return on investment. The property is zoned for commercial use and is conveniently located off US-9, 54 miles from Albany International Airport.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $791,000
      Market price range: $782k - $3.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake George
    County
    Warren
    State
    New York
    Longitude
    -73.7131
    Latitude
    43.4312
    CBSA code
    24020
    CBSA name
    GLENS FALLS, NY METROPOLITAN 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
    2021
    $0.00
    $81,400
    $1,118,600
    $1,200,000
    -
    $96,905
    $1,331,666
    $1,428,571

    Comparable in this City

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      2,160 SF

      29 Antigua Rd

      MOTEL • 2,160 SF
      29 Antigua Rd, Lake George, NY 12845
      View Details
    • Value Estimation
      $1,580,000
      2,816 SF

      3654 Lk Shr Dr

      MOTEL • 2,816 SF
      3654 Lk Shr Dr, Lake George, NY 12845-6717
      View Details
    • Value Estimation
      $1,000,000
      11,972 SF

      20 Prosser Rd

      MOTEL • 11,972 SF
      20 Prosser Rd, Lake George, NY 12845
      View Details
    • Value Estimation
      $670,000
      3,048 SF

      2747 Rt 9th 9

      MOTEL • 3,048 SF
      2747 Rt 9th 9, Lake George, NY 12845
      View Details
    • Value Estimation
      $660,000
      2,810 SF

      1747 State Rte 9th 9

      MOTEL • 2,810 SF
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      View Details

    Similar Nearby for Sale

    • $2,700,000
      16,600 SF

      Lake George Motel - Prime Location

      50-key Wyndham franchise, high ROI potential
      439 Canada St, Lake George, NY 12845
      View Details
    • $129,900
      0.36 Acres

      Lake George Commercial Land Opportunity

      Commercial land suitable for rentals or other commercial uses.
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      Lake George Resort & Cottages

      Family-run resort with 18 units on 5+ acres.
      2354 Rt 9N, Lake George, NY 12845
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    • $1,950,000
      5.67 Acres

      Lake George Seasonal Rental Property

      Established seasonal rental property near Lake George with expansion potential.
      3041 Lake Shore Dr, Lake George, NY 12845
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      154,724 SF

      Lake George Ranch Resort

      Luxury Adirondack Resort, 274 Acres
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,831 SF

      Retail Space in Lake George Outlets

      Retail space for lease in Lake George Outlets.
      1492-1500 State Route 9, Lake George, NY 12845
      View Details
    • $3,500 /Mo
      3,024 SF

      Lake George Commercial Lease Opportunity

      Rare commercial lease opportunity in Lake George, New York.
      2183 State Route 9, Lake George, NY 12845
      View Details
    • Contact for pricing
      2,000 SF

      New Retail Spaces Available

      New construction retail spaces in Lake George, available October 2024.
      1471 State Route 9, Lake George, NY 12845
      View Details
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    439 Canada St
    Lake George, NY 12845
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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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