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    Sandstone Plaza Multi-Tenant Shopping Center Title is generated by Realmo AI

    7473 - 7495 US Highway 11, Potsdam, NY 13676

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    Multi-tenant shopping center with strong tenant lineup in Potsdam, NY.

    Type:Retail
    Property size:
    53,347 SF
    Lot size:
    11.00 Acres
    Added:
    Apr 12, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 12 at 5:11 am

    Property Features for 7473 - 7495 US Highway 11

    General Information

    Standard status
    Active
    Size
    53,347 SF
    Lot size
    11.00 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Robert Michil

    Listing agent Robert Michil License #MI 6505433330

    Listing office Elevate Net Lease

    Listing date Apr 12, 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 Elevate Net Lease

    HighLights

    • Strong tenant lineup including Aldi, Tractor Supply Co., Rent‑A‑Center, Olympia Sports, & AT&T.
    • Located across the street from a Wal‑Mart Supercenter.
    • High traffic location with over 13,000 vehicles passing by daily on US‑11.
    • Significant income from existing tenants with long‑term leases, particularly Tractor Supply and Aldi (leases ending in 2032).
    • Located on a large 11.0 acre lot with a total square footage of 53,347.
    • Close proximity to Clarkson University (3 minute drive).

    Overview

    The Sandstone Plaza property, situated at 7473-7495 US Highway 11 in Potsdam, NY, is available for sale. This multi-tenant shopping center features a tenant lineup that includes Aldi, Tractor Supply Co., Rent-A-Center, Olympia Sports, and AT&T. The shopping center is located across the street from Wal-Mart Supercenter and is a 3-minute drive from Clarkson University, with proximity to the Canadian border. The property is situated on an 11.0-acre lot and has a total square footage of 53,347. Over 13,000 vehicles pass by daily on US-11. The population within a 5-mile radius is over 13,300 people, with an average household income of $77,296 within the same radius. The property includes the following tenants: Tractor Supply occupies a 19,097 square foot building with a lease ending in 2032 and an annual rent of $287,375. AT&T occupies a 2,997 square foot building with a lease ending in 2025 and an annual rent of $59,400. Olympia Sports occupies a 3,908 square foot building with a lease ending in 2026 and an annual rent of $66,201. Rent-A-Center occupies a 4,845 square foot building with a lease ending in 2025 and an annual rent of $58,140. Aldi occupies a 22,500 square foot single standing building with a lease ending in 2032 and an annual rent of $70,875.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Building Supply Auto Parts Store Hotel & Motel Department Store Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Potsdam
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.031816
    Latitude
    44.664228

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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant shopping center with strong tenant lineup in Potsdam, NY.
    Where is this shopping center located?
    The property is located at 7473 - 7495 US Highway 11 Potsdam, NY.
    What are key features of this property?
    This property features: Strong tenant lineup including Aldi, Tractor Supply Co., Rent‑A‑Center, Olympia Sports, & AT&T.; Located across the street from a Wal‑Mart Supercenter.; High traffic location with over 13,000 vehicles passing by daily on US‑11.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Michil
    Real Estate License ID: MI 6505433330
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    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.

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