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    Property profile & analytics

    5040 Lake Rd Dunkirk, NY 14048

    • Motels
    • 5,603 SF
    • 5.80 lot acres
    For Sale
    View listing
    $850,000
    Last Sale
    Mar 25, 2025
    $750,000
    Value Estimations
    Cap Rate Potential
    4.1%
    Motels
    Location Intelligence
    Property ID
    US63-4121512
    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

    • South Shore Motor Lodge / Indoor Lodging / Motel

    Property Details for 5040 Lake Rd

    Year built
    1970
    Lot size
    5.80 lot acres
    Property size
    5,603 SF
    Zone code
    RT
    Property type
    Motels
    APN
    063400 95.13-2-13
    APU
    634009513213

    Description

    This exceptional 10,509 square foot property presents a remarkable investment opportunity on 6.43 acres of land boasting 260 feet of stunning Lake Erie frontage. Ideally situated between Shorewood Country Club and Lakewood Drive in Dunkirk, NY, this unique offering currently comprises a motel with five studio/efficiency units and seven one-bedroom apartments. Adding to its potential, ten cottages are also located on the property, four of which are currently occupied. The existing structures provide immediate income potential, while the expansive acreage and prime lakefront location offer a multitude of development possibilities. Imagine the possibilities for expansion, renovation, or the creation of a completely new venture. This property's versatility makes it suitable for a wide range of commercial uses, from a thriving hospitality business to a unique residential development. The substantial lake frontage provides unparalleled access to recreational activities and breathtaking views. This is a rare chance to acquire a significant piece of Lake Erie waterfront property with proven income streams and immense future potential. Don't miss this chance to bring your vision to life in a highly desirable location. The property is priced at $850,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $520,000
      6.5%
      $480,000
      7%
      $445,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunkirk
    County
    Chautauqua
    State
    New York
    Longitude
    -79.389
    Latitude
    42.4626
    CBSA code
    27460
    CBSA name
    JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN 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
    2020
    $3,195
    $200,000
    $105,000
    $305,000
    -
    $392,157
    $205,882
    $598,039

    Comparable in this City

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      $320,000
      7,795 SF

      310 Lk Shr W Dr

      MOTEL • 7,795 SF
      310 Lk Shr W Dr, Dunkirk, NY 14048-1473
      View Details
    • Value Estimation
      $320,000
      4,545 SF

      363 Lk Shr W Dr

      MOTEL • 4,545 SF
      363 Lk Shr W Dr, Dunkirk, NY 14048-1474
      View Details
    • Value Estimation
      $385,000
      1.70 Acres

      3912 Vineyard Dr

      MOTEL • 1.70 Acres
      3912 Vineyard Dr, Dunkirk, NY 14048-3522
      View Details
    • Value Estimation
      $270,000
      1,979 SF

      3250 Lk Shr E Dr

      MOTEL • 1,979 SF
      3250 Lk Shr E Dr, Dunkirk, NY 14048-9767
      View Details
    • Value Estimation
      $315,000
      6,602 SF

      Pt W Dr

      MOTEL • 6,602 SF
      Pt W Dr, Dunkirk, NY 14048
      View Details
    • Value Estimation
      $545,000
      27,238 SF

      3925 Vineyard Dr

      MOTEL • 27,238 SF
      3925 Vineyard Dr, Dunkirk, NY 14048-3558
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Waterfront Development Site in Dunkirk

      2.3-acre waterfront development site with harbor and Lake Erie frontage.
      70 Lake Shore Dr E, Dunkirk, NY 14048
      View Details
    • $750,000

      23.8 Acres with Barn and Pond

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      Bart's Cove Marina For Sale

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    • $700,000
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      30-Acre Lakeside Bluff Development

      30-acre property with approved entitlements for multi-family development.
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    • New
      $229,900
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      59 Acres Development Opportunity, Dunkirk

      59 acres of R2 zoned land near Lake Erie.
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    Similar Nearby for Lease

    • $5 SF/Yr
      8,000 SF

      Dunkirk Auto/Truck Terminal

      NY Warehouse, Office, & Shop
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      View Details
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      Retail space with high visibility and easy access.
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      Retail Space in Vineyard Plaza

      Retail space available in well-located Dunkirk shopping center.
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      View Details
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      Former SUNY Campus Available

      Turn-key 38,535 SF former campus for lease.
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      View Details
    • $15 SF/Yr
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      Dunkirk Commercial Space For Lease

      Prominent corner location in Dunkirk's Central Business District.
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      View Details
    • $9 SF/Yr
      10,700 SF

      Dunkirk Warehouse/Office Space Available

      Warehouse/office space for lease in mixed-use building near I-90.
      1200 Central Ave, Dunkirk, NY 14048
      View Details
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    5040 Lake Rd
    Dunkirk, NY 14048
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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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