Flex Space with Office
17720 US Route 11, Watertown, NY 13601
For Sale
New
$369,900
CommercialSale, Watertown, NY
Property Size5,760 SF
Lot Size1.78 Acres
Price / SF$64.22
Days on Market3
Property Features for 17720 US Route 11
General Information
Property type
Property subtype
Zoning
Zoning description
Parking
Lot features
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
security system
conference room
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
Keller Williams Northern New York · Keller Williams Realty
(315) 459-6619
Listed By:
Noah Taylor · License NY #10401359495
(315) 778-6473
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# S1727321
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,760-square-foot flex property sits on 1.78 acres and was built in 2021. Its upper floor includes two separate offices and a conference room, while the building also provides storage space. Electric baseboard heat serves the property, and a security system is installed. The metal roof, well water source, and septic system are additional site features.
The property is at 17720 US Route 11 in Watertown, New York, and is zoned B.
The property is at 17720 US Route 11 in Watertown, New York, and is zoned B.
Key Highlights
- 5,760‑square‑foot flex property on 1.78 acres
- Built in 2021
- Two offices and a separate conference room on the upper floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,080
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,600
$661.6K
Cap Rate 7%
$472,571
$472.6K
Cap Rate 9%
$367,556
$367.6K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$54.6K $9.48/SF
− Vacancy
−$3.7K −$0.64/SF
EGI
$50.9K $8.84/SF
− OpEx
−$17.8K −$3.09/SF
NOI
$33.1K $5.74/SF
Area
Jefferson County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,600
Cap Rate 7%
$472,571
Cap Rate 9%
$367,556
Alternative Uses
Best Use
Warehouse
$618.0K
$540.7K – $721.0K
NOI $43,258 @ 7.0% cap · market cap 11.69%
Second Best
Industrial
$508.9K
$445.3K – $593.7K
NOI $35,624 @ 7.0% cap · market cap 9.63%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,145 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13601, NY
37,287
Population
18,653
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
140.8 sq mi
ZIP Area
265
Density / Sq Mi
$57,503
Median Household Income
$37,061
Median Earnings
$974
Median Rent
$170,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - An upper-level workspace contains two offices and a separate conference room.
Where is this flex space located?
The property is located at 17720 US Route 11 Watertown, NY.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 5,760‑square‑foot flex property on 1.78 acres; Built in 2021; Two offices and a separate conference room on the upper floor
