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    Lk Colby Saranac Lake, NY 12983
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    Property profile & analytics

    Lk Colby Saranac Lake, NY 12983

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    • Office buildings
    • 2,800 SF
    • 0.01 lot acres
    Off-Market
    Property ID
    US63-4972071
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for Lk Colby

    Year built
    1986
    Lot size
    0.01 lot acres
    Property size
    2,800 SF
    Zone code
    07 - MIXED
    Property type
    Office buildings
    APN
    164689 446.-2-6.300
    APU
    16468944626300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.1609
    Latitude
    44.3289
    CBSA code
    31660
    CBSA name
    MALONE, 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
    0
    $0.00
    $100
    $245,900
    $246,000
    -
    $137
    $336,849
    $336,986

    Comparable in this City

    • Value Estimation by Request
      3,486 SF

      31 Old Lk Colby Rd

      PROFESSIONAL BUILDING • 3,486 SF
      31 Old Lk Colby Rd, Saranac Lake, NY 12983
      View Details
    • Value Estimation by Request
      1,320 SF

      193 Riv St

      OFFICE BUILDING • 1,320 SF
      193 Riv St, Saranac Lake, NY 12983-2022
      View Details
    • Value Estimation
      $920,000
      7,306 SF

      600 Ama Way

      PROFESSIONAL BUILDING • 7,306 SF
      600 Ama Way, Saranac Lake, NY 12983-5534
      View Details
    • Value Estimation by Request
      5,920 SF

      42 Depot St

      OFFICE BUILDING • 5,920 SF
      42 Depot St, Saranac Lake, NY 12983-1436
      View Details
    • Value Estimation by Request
      2,058 SF

      30 Riverside Dr

      OFFICE BUILDING • 2,058 SF
      30 Riverside Dr, Saranac Lake, NY 12983-2211
      View Details
    • Value Estimation
      $4,445,000
      52,932 SF

      1097 State Rte 86

      OFFICE BUILDING • 52,932 SF
      1097 State Rte 86, Saranac Lake, NY 12983
      View Details

    Similar Nearby for Sale

    • $1,275,000
      Pending

      Saranac Lake Mixed-Use Building

      Four-level commercial building with renovation potential in prime location.
      86 Main St, Saranac Lake, NY 12983
      View Details
    • $450,000

      Saranac Lake Mixed-Use Opportunity

      Versatile building in vibrant Adirondack community, ideal for redevelopment.
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    • $695,000
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      Lake Flower Commercial Redevelopment Opportunity

      Prime commercial opportunity with high-visibility and redevelopment potential.
      137-141 River St, Saranac Lake, NY 12983
      View Details
    • New
      $695,000
      8,449 SF

      Mixed-Use Commercial Building in Saranac

      Prime mixed-use property in Saranac Lake's central business district.
      97 Main St, Saranac Lake, NY 12983
      View Details
    • New
      $149,000
      1.52 Acres

      Land with Mountain Views

      1.5 acres of land near Saranac Lake Village.
      Lot 15/16 Panorama Dr, Saranac Lake, NY 12983
      View Details
    • New
      $59,900
      0.78 Acres

      Residential Land in Saranac Lake

      Building lots with mountain views, ready for development.
      Panorama Lot 19 Dr, Saranac Lake, NY 12983
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Saranac Lake Drive-Thru Restaurant Space

      Freestanding 1,500 SF drive-thru space for lease.
      622 Lake Flower Ave, Saranac Lake, NY 12983
      View Details
    • Contact for pricing

      Saranac Lake Drive-Thru Restaurant Space

      Freestanding 1,500 SF drive-thru space in Saranac Lake, NY.
      622 Lake Flower Ave, Saranac Lake, NY 12983
      View Details
    • Contact for pricing
      1,500 SF

      Freestanding QSR Drive-Thru Space

      1,500 SF drive-thru space for lease in Saranac Lake.
      600 Lake Flower Ave, Saranac Lake, NY 12983
      View Details
    • Contact for pricing
      9,088 SF

      Retail Space Co-tenanted with Aubuchon

      Prime retail space available for rent, co-tenanted with Aubuchon Hardware.
      274 Broadway, Saranac Lake, NY 12983
      View Details
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    Lk Colby
    Saranac Lake, NY 12983
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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.

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