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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
Lk Colby Dr Saranac Lake, NY 12983
Entity Owned
Free & Clear
Property ID
US63-4707000
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2001
Total area
10,300 SF
Lot
0.01 ac (436 SF)
Zoning code
07 - MIXED
APN
164689 446.-2-6.100/1
UPID
US63-4707000
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
ADIRONDACK MEDICAL CENTER
ADIRONDACK MEDICAL CENTER
Zoning & alternative use
07 - MIXED · Saranac Lake, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+80.8%
Office building
$780,000
+60.0%
Warehouse, storage
$660,000
+35.4%
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 Saranac Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saranac Lake 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$490,000
Current use
COMMERCIAL (GENERAL)
$885,000
Change: +81% · Conversion: Easy
OFFICE BUILDING
$780,000
Change: +60% · Conversion: Easy
WAREHOUSE, STORAGE
$660,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$52 / 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
Property tax & assessments
Assessed value
$1,669,000
Assessed 2023
Previous assessed
$1,669,000
+0.0% YoY
Assessed land
$100
Assessed improvement
$1,668,900
Land market value
$137
Improvement market value
$2,286,164
Total market value
$2,286,301
Applied tax rate
164,601.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
10,300 SF
Lot
0.01 ac (436 SF)
Zoning code
07 - MIXED
APN
164689 446.-2-6.100/1
UPID
US63-4707000
Jurisdiction
FRANKLIN
Zoning & alternative use
07 - MIXED · Saranac Lake, NYZoning 07 - MIXED · permitted uses
07 - MIXED · Saranac Lake, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$885,000
OFFICE BUILDING
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$660,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
ADIRONDACK MEDICAL CENTER
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 471, SARANAC LAKE, NY 12983-0471
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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