Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Suite at Cedar Square Park Title is generated by Realmo AI

    1116 Arsenal Street, Watertown, NY 13601

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Flexible office suites for lease in a park setting with signal-controlled entrance and abundant parking.

    Type:Office
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 4:40 am

    Property Features for 1116 Arsenal Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 1116 Arsenal Street Contact us

    We can help!

    Listing Contact
    Patrick Agen
    Patrick Agen

    Listing agent Patrick Agen License #NY 30AG0873445

    Listing office Pavia Real Estate

    Listing date May 27, 2026

    Source Crexi

    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 Pavia Real Estate

    HighLights

    • Office suites available for lease in Cedar Square Park on Arsenal Street
    • Full traffic signal entrance at the property
    • Abundant on‑site parking
    • Located minutes from Route 81
    • Flexible office suite sizes and lease terms

    Overview

    Office suites are available for lease within Cedar Square Park at 1116 Arsenal Street. The property offers a suite-based configuration designed to support a range of office users, with flexible sizes and terms available.

    Access is supported by a full traffic signal entrance into the park, which helps improve visibility and approachability for tenants and their visitors. The site also features abundant parking, and it is located minutes from Route 81.

    This setup can work well for professional teams looking for standalone office space within a larger office park environment. With flexible suite sizes and leasing terms, the building provides options for firms that need room to right-size their operations while maintaining convenient, parking-forward customer access.
    Location Intelligence

    Current Use by Public Records

    Pamela Thompson Alternative Medicine Practice Cedar Square Medical Clinic Hurlbut David M ... Dental Office Modern Endodontic Specialists ... Dental Office Aflac Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant 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
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.9388383
    Latitude
    43.9770258

    Nearby Similar for Lease

    • $2,500/Mo
      29,094 SF

      Watertown Office Space For Rent

      Versatile office space with well-maintained interior and build-to-suit options.
      1067 Marble Street, Watertown, NY 13601
      View Details
    • $4 SF/Yr
      9,600 SF

      Industrial/Flex Space For Lease

      Industrial and flex spaces available in Watertown, NY.
      22419 Fisher Rd, Watertown, NY 13601
      View Details
    • $2,500/Mo
      3,000 SF

      Versatile Office Space For Rent

      Well-maintained office space with flexible layout and build-to-suit options.
      1067 Marble St, Watertown, NY 13601
      View Details
    • $35 SF/Yr
      5,071 SF

      Retail Building Near Major Anchors

      5,071 SF retail building with ample parking and drive-thru potential.
      21890 Towne Center Drive, Watertown, NY 13601
      View Details
    • $10 SF/Yr
      3,116 SF

      Retail Space in Watertown, NY

      Retail space available for lease in Watertown, New York.
      22252 US-11, Watertown, NY
      View Details
    • Contact for pricing
      30,700 SF

      Watertown Retail Space Available

      Large retail space on Watertown's Arsenal Street retail corridor.
      1125 Arsenal St, Watertown, NY
      View Details
    • $10 SF/Yr
      4,300 SF

      Retail Space Near Fort Drum

      Neighborhood shopping center space for lease near Fort Drum.
      144 Eastern Blvd, Watertown, NY
      View Details
    • $4 SF/Yr
      112,434 SF

      Prime Retail Space Available

      Retail space in regional retail corridor with high visibility.
      21082 Pioneer Plaza Dr, Watertown, NY
      View Details
    • $20 SF/Yr
      5,000 SF

      Downtown Watertown Office Space

      Office suites available in downtown Watertown professional building.
      200 Washington St, Watertown, NY
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Watertown Center

      4,500 SF retail space available in Watertown, NY.
      1283 Arsenal St, Watertown, NY
      View Details
    • $17 SF/Yr
      3,000 SF

      Retail Space in High-Traffic Area

      Multi-tenant retail building with high visibility along retail corridor.
      21290 County Rte 202, Watertown, NY
      View Details
    • $12 SF/Yr

      Retail Space in Seaway Center

      Retail and office spaces available in Watertown shopping center.
      22088 US-11, Watertown, NY 13601
      View Details

    FAQs

    What type of property is this?
    Office units - Flexible office suites for lease in a park setting with signal-controlled entrance and abundant parking.
    Where is this office units located?
    The property is located at 1116 Arsenal Street Watertown, NY.
    What are key features of this property?
    This property features: Office suites available for lease in Cedar Square Park on Arsenal Street; Full traffic signal entrance at the property; Abundant on‑site parking
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick Agen
    Patrick Agen
    Real Estate License ID: NY 30AG0873445
    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
    1116 Arsenal Street, Watertown, NY 13601
    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!