GSA-Leased Office
For Sale
Contact for pricing
101 Ford St, Ogdensburg, NY 13669
Office building leased to the General Services Administration, offering continuity backed by government oversight.
Property Size16,781 SF
Price / SF$153.63
Days on Market269
Property Features for 101 Ford St
General Information
Standard status
Active
Size
16,781 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Matthews Real Estate Investment Services - Orange County
(866) 889-0550
Listed By:
Corey Selenski
(949) 573-3519
Source:
Moodyscre
Added: Feb 4
Changed: Oct 25
Last Checked: Oct 30 at 11:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services - Orange County
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is leased to the General Services Administration (GSA). As a government agency, GSA benefits from stability and continuity through a level of support and oversight, and it is described as S&P: A+ rated in the provided materials.
The property is located in Ogdensburg along the St. Lawrence River, with waterfront views and nearby outdoor recreation opportunities such as boating, fishing, and waterfront parks. Transportation access includes immediate proximity to the Ogdensburg–Prescott International Bridge and Route 37, with the Ogdensburg International Airport noted as nearby, supporting regional and cross-border connectivity.
Based on the information provided, the asset is presented for sale with an investment-grade tenant profile and a location emphasized for its river setting and access to key bridge and transportation routes.
The property is located in Ogdensburg along the St. Lawrence River, with waterfront views and nearby outdoor recreation opportunities such as boating, fishing, and waterfront parks. Transportation access includes immediate proximity to the Ogdensburg–Prescott International Bridge and Route 37, with the Ogdensburg International Airport noted as nearby, supporting regional and cross-border connectivity.
Based on the information provided, the asset is presented for sale with an investment-grade tenant profile and a location emphasized for its river setting and access to key bridge and transportation routes.
Key Highlights
- Office building leased to the General Services Administration (GSA)
- GSA is rated S&P: A+
- Government oversight and stability associated with GSA as a government agency
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,765
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,395,300
$4.4M
Cap Rate 7%
$3,139,500
$3.1M
Cap Rate 9%
$2,441,833
$2.4M
Market Conditions
NOI Build-Up for 16,781 SF
Gross rent
$378.6K $22.56/SF
− Vacancy
−$85.6K −$5.10/SF
EGI
$293.0K $17.46/SF
− OpEx
−$73.3K −$4.37/SF
NOI
$219.8K $13.10/SF
Area
St. Lawrence County, NY
Vacancy
22.60%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,395,300
Cap Rate 7%
$3,139,500
Cap Rate 9%
$2,441,833
Alternative Uses
Best Use
Office B
$3.14M
$2.75M – $3.66M
NOI $219,765 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.16M
$3.64M – $4.86M
NOI $291,426 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 13669, NY
14,990
Population
7,419
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
85%
High-School Grad
101.5 sq mi
ZIP Area
148
Density / Sq Mi
$66,488
Median Household Income
$36,546
Median Earnings
$769
Median Rent
$101,800
Median Home Value
Check the figures for this property
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View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building leased to the General Services Administration, offering continuity backed by government oversight.
Where is this office building located?
The property is located at 101 Ford St Ogdensburg, NY.
What is the asking price?
The asking price for this property is $2,578,000.
What are key features of this property?
This property features: Office building leased to the General Services Administration (GSA); GSA is rated S&P: A+; Government oversight and stability associated with GSA as a government agency
