Retail Building with Workshop
For Sale
$675,000
72 Champlain Street, Rouses Point, NY 12979
Commercial Sale, Rouses Point, NY
Property Size10,000 SF
Lot Size2.78 Acres
Price / SF$67.50
Days on Market397
Property Features for 72 Champlain Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Parking features
Parking Lot
Interior features
Storage
Elementary school district
Northeast Clinton (DO NOT USE-SEE BELOW)
Middle school district
Northeast Clinton (DO NOT USE-SEE BELOW)
High school district
Northeast Clinton (DO NOT USE-SEE BELOW)
Directions
Utilize GPS. See sign.
Subdivision
Champlain, Rouses Point, Mooers
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
Amenities
central HVAC
storage with mezzanine access
walk-in cooler
10' x 10' overhead door
400-amp power supply
Building Details
Year built
2005
Flooring type
Vinyl
Building materials
Block
Roof type
Rubber, Membrane
Additional Structures
Storage
Listing Agency:
Fesette Realty, LLC
(518) 324-4500
Listed By:
Neil Fesette
(518) 726-0149
Added: Aug 5, 2025
Changed: Sep 4
Last Checked: Sep 5 at 8:06AM
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.
Investment Insights
Based on property information with market context.
The 10,000-square-foot retail building occupies a 2.78-acre parcel and combines an open showroom area with rear office and workshop space. Built in 2005 with block construction, the property features central HVAC, vinyl flooring, a rubber membrane roof, storage with mezzanine access, and a walk-in cooler. A 10' x 10' overhead door and 400-amp power supply support a range of commercial operations.
The property is located at 72 Champlain Street in Rouses Point, less than 5 miles from the I-87 interchange and approximately ten minutes from the Champlain U.S.-Canadian Port of Entry. Commercial zoning is identified as IC1, with public water and sewer serving the site. An on-site parking lot is provided, and the parcel offers potential for future expansion.
The property is located at 72 Champlain Street in Rouses Point, less than 5 miles from the I-87 interchange and approximately ten minutes from the Champlain U.S.-Canadian Port of Entry. Commercial zoning is identified as IC1, with public water and sewer serving the site. An on-site parking lot is provided, and the parcel offers potential for future expansion.
Key Highlights
- 10,000‑square‑foot building on a 2.78‑acre parcel
- IC1 commercial zoning with permitted uses available upon request
- Open showroom area plus rear office and workshop space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,234,300
$1.2M
Cap Rate 7%
$881,643
$881.6K
Cap Rate 9%
$685,722
$685.7K
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$94.8K $9.48/SF
− Vacancy
−$6.6K −$0.66/SF
EGI
$88.2K $8.82/SF
− OpEx
−$26.4K −$2.64/SF
NOI
$61.7K $6.17/SF
Area
Clinton County, NY
Vacancy
7.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,234,300
Cap Rate 7%
$881,643
Cap Rate 9%
$685,722
Alternative Uses
Best Use
Flex RnD
$1.87M
$1.63M – $2.18M
NOI $130,572 @ 7.0% cap · market cap 19.34%
Second Best
Retail
$1.75M
$1.53M – $2.05M
NOI $122,724 @ 7.0% cap · market cap 18.18%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $192,960 @ 7.0% cap · market cap 28.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 12979, NY
2,321
Population
1,344
Households
1.7
Avg Household Size
48
Median Age
20%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
553
Density / Sq Mi
$47,135
Median Household Income
$40,824
Median Earnings
$731
Median Rent
$180,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned property with office, workshop, and showroom areas.
Where is this retail space 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‑square‑foot building on a 2.78‑acre parcel; IC1 commercial zoning with permitted uses available upon request; Open showroom area plus rear office and workshop space
