Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1942 Military Tpke Plattsburgh, NY 12901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,150,000

    11.8 acre commercial land with approved development plans.

    Lot size:
    11.80 Acres

    Property Features for 1942 Military Tpke

    General Information

    Lot size
    11.80 Acres

    We can help!

    Listing Contact
    Steven Lerner
    Steven Lerner
    Source: Moodyscre

    Listing Agent: Steven Lerner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vacant Land on Military Turnpike

    This 11.8-acre vacant site is zoned Neighborhood-Commercial (N-C), presenting a development opportunity. Conceptual plans are available for a truck stop, including a gas and convenience store. Several other permitted uses are possible under the current zoning. The property benefits from its location on a heavy traffic route used for travel to and from the city of Plattsburgh. The owner is willing to deliver the property with municipal approvals in place. Proposed plans are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Plattsburgh Health Group Doctor Diane Christensen Internist Donald M Werner Family Practice Physician Plattsburgh Health & Wellness ... Medical Group Hannah Constanty General Practitioner

    Suggested Use

    Restaurant Dental Office Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Kitchen & Bath Food Market Storage Facility Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plattsburgh
    County
    Clinton
    State
    New York
    Longitude
    -73.5354958
    Latitude
    44.7151869

    Nearby Similar for Sale

    • $1,250,000
      10,508 SF

      Plattsburgh Investment Opportunity

      Operating businesses, warehouse, large lot, and redevelopment potential.
      6114 Rte 22, Plattsburgh, NY 12901
      View Details
    • $375,000
      4,383 SF

      Historic Restaurant & Residential Property

      Mixed-use property with restaurant space and residential apartments in Plattsburgh.
      20 Brinkerhoff St, Plattsburgh, NY 12901
      View Details
    • $245,000
      3,057 SF

      Plattsburgh Duplex with Rental History

      City duplex with strong rental history, close to downtown.
      68 Oak St, Plattsburgh, NY 12901
      View Details
    • $174,000
      Pending

      Plattsburgh City Duplex Near Downtown

      Duplex near downtown and SUNY Plattsburgh with well-kept units.
      8 Durand St, Plattsburgh, NY 12901
      View Details
    • $375,000
      2,248 SF

      Plattsburgh Commercial Property with Restaurant

      Versatile commercial property with restaurant, office, and storage buildings.
      4704 Rte 9 S, Plattsburgh, NY 12901
      View Details
    • $219,000
      1,200 SF

      Plattsburgh Office with Lakeview Suite

      Office space in a prestigious complex with lake views.
      201 W Bay Plz, Plattsburgh, NY 12901
      View Details
    • New
      $230,000
      1,313 SF

      Plattsburgh Triplex with Rental Income

      Well-performing triplex in Plattsburgh, NY, generating $2,750 monthly gross income.
      82 Montcalm Ave, Plattsburgh, NY 12901
      View Details
    • $99,500
      Pending

      High-Traffic Commercial Property on Route 9

      Commercial property on busy Route 9, ideal for various businesses.
      7161 Us-9, Plattsburgh, NY 12901
      View Details
    • $95,000

      Historic French Quarter Showroom/Warehouse

      Mixed-use showroom, office, and warehouse in Plattsburgh's historic French Quarter.
      75 Montcalm Ave, Plattsburgh, NY 12901
      View Details
    • $1,559,000
      20,270 SF

      Plattsburgh Business District Investment Property

      Retail and warehouse space with long-term lease in place.
      327 Cornelia St, Plattsburgh, NY 12901
      View Details
    • $549,900
      2 SF

      Established Liquor Store Opportunity

      Longest running liquor store on Smithfield Blvd, over 20 years.
      55 Smithfield Blvd, Plattsburgh, NY 12901
      View Details
    • $1,150,000

      Truck Stop/Gas/Convenience Opportunity

      Excellent opportunity for truck stop/gas/convenience at NY374 and Military Turnpike.
      3742 Military Tpke, Plattsburgh, NY 12901
      View Details

    FAQs

    What type of property is this?
    Land - 11.8 acre commercial land with approved development plans.
    Where is this land located?
    The property is located at 1942 Military Tpke Plattsburgh, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Owner will deliver the property with municipal approvals in place.; - 11.8 acre site zoned Neighborhood-Commercial (N-C).; - Conceptual plans available for a truck stop with gas and convenience store.
    (518) 577-8005
    Request Owner's contact information
    1942 Military Tpke Plattsburgh, NY 12901
    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.
    1942 Military Tpke
    Plattsburgh, NY 12901
    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
    1942 Military Tpke Plattsburgh, NY 12901
    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

    We can help!
    Listing Contact
    Steven Lerner
    Steven Lerner
    (518) 577-8005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.