Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Opportunity in Ogdensburg, NY Title is generated by Realmo AI

    732 221 Ford Street Hamilton, Ogdensburg, NY 13669

    View on Map
    Claim this Listing
    For Sale
    $299,000

    RESIDENTIAL - Ogdensburg, NY

    Added:
    Nov 24, 2023
    Days on Market:
    901
    Last Refresh:
    May 13 at 12:06 pm

    Property Features for 732 221 Ford Street Hamilton

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    48.071-4-21.1, 48.071-4-2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1923
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Andrea Piercey

    Listing agent Andrea Piercey License #10401345748

    Listing office America 1 Realty 1801 Ford Street, Ogdensburg, NY

    Listing date Nov 24, 2023

    MLS# 48863 Listing URL

    Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Versatile property suitable for various uses: bed and breakfast, restaurant, apartments, clinic, office space, or large home.
    • Mammoth three‑story stone building with high ceilings, gorgeous natural woodwork, and spacious rooms.
    • Attached two‑story brick building with an elevator, offering multiple rooms for diverse uses.
    • Large paved parking lot accommodating approximately 30 cars.
    • Both buildings are in excellent condition and well‑maintained.
    • Third floor of the stone building features a huge room with an exterior egress fire escape.

    Overview

    This property presents diverse opportunities, suitable for a bed and breakfast, restaurant, high-end apartments, clinic, office space, or a large home. The property features a three-story mansion-style stone building, currently used as office space, and an attached two-story brick building that could be converted into apartments. Both buildings are in excellent condition and have been well-maintained. The stone building includes high ceilings and natural woodwork, with spacious rooms that can be configured into living spaces. The third floor features a large room with an exterior egress fire escape. The brick building is equipped with an elevator and multiple rooms suitable for various uses. A large paved parking lot accommodates approximately 30 cars. The property is located in Ogdensburg, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogdensburg
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.4623323
    Latitude
    44.7075527

    Nearby Similar for Sale

    • $250,000

      Turnkey Restaurant Opportunity, Ogdensburg, NY

      Fully operational deli and ice cream shop on high-traffic Route.
      4962 State Highway 68, Ogdensburg, NY 13669
      View Details
    • $750,000

      Historic Church & Rectory Compound

      Architecturally significant church and rectory with endless potential.
      502 - 508 Caroline St, Ogdensburg, NY 13669
      View Details
    • $699,000

      Turnkey Restaurant Opportunity

      Popular restaurant with outdoor seating and expansion potential.
      1702 Ford Street, Ogdensburg, NY 13669
      View Details
    • $250,000

      Versatile Commercial Space in Ogdensburg

      Adaptable commercial space with gym, hall, and office areas.
      401 Franklin Street, Ogdensburg, NY 13669
      View Details
    • $105,000
      2,585 SF

      Renovated Two-Unit Investment Property

      Turnkey two-unit property in Ogdensburg, fully renovated for immediate income.
      934 Knox St., Ogdensburg, NY 13669
      View Details
    • $225,000
      2,672 SF

      Mixed-Use Property in Ogdensburg, NY

      Mixed-use property with apartment and salon in Ogdensburg, NY.
      1028 Ford Street, Ogdensburg, NY 13669
      View Details
    • $595,000

      Ogdensburg Commercial Property with Carwash

      Operating carwash with apartments and commercial space in Ogdensburg, NY.
      619 Canton Street, Ogdensburg, NY 13669
      View Details
    • $225,000

      Established Salon with Rental Income

      Turnkey salon with apartment and rental income in Ogdensburg.
      1028 Ford Street, Ogdensburg, NY 13669
      View Details
    • $69,500
      1,380 SF

      Well-Kept Duplex Investment Opportunity

      Duplex with long-term tenants and river views in Ogdensburg, NY.
      1-3 Grove Street, Ogdensburg, NY 13669
      View Details
    • $175,000
      27,333 SF

      Downtown Ogdensburg Commercial Space

      Former mall with potential for various commercial uses.
      207-215 Ford Street, Ogdensburg, NY 13669
      View Details
    • $1,200,000

      Versatile Waterfront Commercial Building

      27254 SqFt mixed-use building with parking and loading dock.
      100 Ford Street, Ogdensburg, NY 13669
      View Details
    • $299,900

      Prime Corner Retail Opportunity

      Renovated building suitable for office, retail, or restaurant use.
      302-306 Ford Street, Ogdensburg, NY 13669
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile property suitable for various commercial and residential ventures.
    Where is this mixed-use property located?
    The property is located at 732 221 Ford Street Hamilton Ogdensburg, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Versatile property suitable for various uses: bed and breakfast, restaurant, apartments, clinic, office space, or large home.; Mammoth three‑story stone building with high ceilings, gorgeous natural woodwork, and spacious rooms.; Attached two‑story brick building with an elevator, offering multiple rooms for diverse uses.
    (315) 276-9149
    We can help!
    Listing Contact
    Andrea Piercey
    Real Estate License ID: 10401345748
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    732, 221 Ford Street, Hamilton, Ogdensburg, NY 13669
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!