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    Retail-Industrial Building with Overhead Door Title is generated by Realmo AI

    72 Champlain Street, Rouses Point, NY 12979

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    For Sale
    $675,000

    COMMERCIAL - Rouses Point, NY

    Type:Retail
    Property size:
    10,000 SF
    Lot size:
    2.78 Acres
    Price / SF:
    $67/SF
    Added:
    Aug 5, 2025
    Days on Market:
    306
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 72 Champlain Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Parking features
    Parking Lot
    Interior features
    Storage
    Standard status
    Active
    APN
    20.18-2-1.7
    Size
    10,000 SF
    Lot size
    2.78 Acres

    Taxes and HOA fees

    Tax Annual Amount
    17307

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Propane (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2005
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Membrane, Rubber
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Neil Fesette
    Neil Fesette

    Listing agent Neil Fesette

    Listing office Fesette Realty, LLC 176 US Oval, Plattsburgh, NY

    Listing date Aug 5, 2025

    MLS# 205421

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10,000 SF commercial building on a 2.78‑acre parcel in the Village of Rouses Point
    • IC1 zoning with permitted uses available upon request; suited for commercial, industrial, or retail use
    • Open showroom‑style area plus dedicated office and rear workshop space (formerly configured as a pharmacy)
    • Central air HVAC, storage with mezzanine access, walk‑in cooler, and a 10' x 10' overhead door
    • 400‑amp power supply and ample on‑site parking with potential for future expansion
    • Built in 2005 with split‑faced block construction and a rubber membrane/roof system

    Overview

    72 Champlain Street offers a single retail/industrial building constructed with split-faced blocks, steel roof trusses, and a rubber membrane roof. The layout includes a spacious open area suited for showroom use, plus dedicated office and workshop space in the rear that was formerly configured as a pharmacy. Operational features include central HVAC, storage with mezzanine access, a walk-in cooler, and a 10' x 10' overhead door. The building also has a 400-amp power supply, supporting a range of commercial uses.

    The property sits on a 2.78-acre parcel in the Village of Rouses Point. The site is located less than 5 miles from the I-87 interchange and about ten minutes from the Champlain U.S.–Canadian Port of Entry, with visibility that may support retail and service-oriented businesses. Zoning is Commercial (IC1), and a full list of permitted uses is available upon request.

    With its showroom-forward main space, rear office/workshop area, and loading capability via the overhead door, this property can fit a variety of commercial, industrial, or retail operators. Ample on-site parking is provided, with potential for future expansion based on the available site size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cornerstone Drug & Gift ... Pharmacy UPS Authorized Shipping ... Courier Service U First FCU Loan Service Jason Turner Pharmacy CFA Insurance Llc Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rouses Point
    County
    Clinton
    State
    New York
    Longitude
    -73.37154
    Latitude
    44.983314

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    FAQs

    What type of property is this?
    Showroom - A 10,000 sf building with showroom-style open space, rear office/workshop, central HVAC, and a 10' overhead door.
    Where is this showroom located?
    The property is located at 72 Champlain Street Rouses Point, NY.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 10,000 SF commercial building on a 2.78‑acre parcel in the Village of Rouses Point; IC1 zoning with permitted uses available upon request; suited for commercial, industrial, or retail use; Open showroom‑style area plus dedicated office and rear workshop space (formerly configured as a pharmacy)
    (518) 726-0149
    We can help!
    Listing Contact
    Neil Fesette
    Neil Fesette
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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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