For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    7,500 SF Flex Space Title is generated by Realmo AI

    22672 County Rte 51, Watertown, NY

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    7,500 SF flex space with highway visibility.

    Type:FLEX_R_AND_D
    Property size:
    7,500 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $96/SF
    Added:
    Mar 26, 2025
    Days on Market:
    467
    Last Refresh:
    May 19 at 9:57 pm

    Property Features for 22672 County Rte 51

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Lot size
    2.00 Acres
    Property subtype
    FLEX_R_AND_D

    Properties For Sale

    at 22672 County Rte 51 Contact us

    We can help!

    Contact an agent
    Joseph F. "Joe" Rowley, Jr.

    Listing office Anchor Real Estate Advisors

    Listing date Mar 26, 2025

    Source Moodyscre

    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 Anchor Real Estate Advisors

    HighLights

    • 7,500 SF Flex Space
    • Great Highway Visibility
    • Adjacent to Interstate 81 at Exit 47
    • Flexible and Easily Reconfigurable Layout
    • 2 Acre Parcel
    • Metal Shelving and Racking in Place

    Overview

    This 7,500 SF flex space property is situated on a 2-acre parcel and offers great highway visibility. The layout is flexible and easily reconfigurable. Metal shelving and racking are currently in place. The property is adjacent to Interstate 81 at Exit 47.

    Local Financial Insights For Industrial

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $71.1k $9.48
    − Vacancy −$4.8k −$0.64
    EGI $66.3k $8.84
    − OpEx −$19.9k −$2.65
    NOI $46.4k $6.18
    7,500 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $662.7K
    $579.8K – $773.1K (±1% cap)
    NOI $46,386 @ 7.0% cap · market cap 6.40%
    Second Best
    Flex RnD
    $615.3K
    $538.4K – $717.9K (±1% cap)
    NOI $43,072 @ 7.0% cap · market cap 5.94%
    Theoretical Best
    Office A
    $2.07M
    $1.81M – $2.41M (±1% cap)
    NOI $144,720 @ 7.0% cap · market cap 19.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.9132
    Latitude
    43.9756

    FAQs

    What type of property is this?
    Flex space - 7,500 SF flex space with highway visibility.
    Where is this flex space located?
    The property is located at 22672 County Rte 51 Watertown, NY.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 7,500 SF Flex Space; Great Highway Visibility; Adjacent to Interstate 81 at Exit 47
    (585) 820-3153 Call to check price and availability
    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