Building Details

Building Size 5,129 SF

Year Built 1950

Listing Agency: REMAX North Country i***@calkinsrealty.com Show Phone

Listed By: Andre Lacombe · License #10401344480 Show Phone

Source: Homerootsrealty

Added: Mar 7 Changed: Oct 24 Last Checked: Oct 24 at 3:23PM

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Investment Insights

Based on property information with market context.

The offering comprises two adjacent commercial parcels in Potsdam, New York. The 0.51-acre site includes a 5,129-square-foot former service station, while the 1.00-acre parcel contains a 2,400-square-foot retail building. Both parcels are zoned Commercial.

The properties front Maple Street and Sandstone Drive, with reported daily traffic exceeding 15,000 vehicles. Clarkson University and Potsdam University are nearby.

Key Highlights

• Two adjacent commercial parcels totaling 1.51 acres
• 0.51‑acre parcel includes a 5,129‑square‑foot former service station
• 1.00‑acre parcel includes a 2,400‑square‑foot retail building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,213

Cap Rate

8.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,304,260 $1.3M

Cap Rate 7%

$931,614 $931.6K

Cap Rate 9%

$724,589 $724.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,129 SF

Gross rent

$97.2K $18.96/SF

− Vacancy

−$4.1K −$0.80/SF

EGI

$93.2K $18.16/SF

− OpEx

−$27.9K −$5.45/SF

NOI

$65.2K $12.71/SF

Area

St. Lawrence County, NY

Vacancy

4.20%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,304,260

Cap Rate 7%

$931,614

Cap Rate 9%

$724,589

Alternative Uses

Best Use

Retail

$931.6K

$815.2K – $1.09M (±1% cap)

NOI $65,213 @ 7.0% cap · market cap 8.59%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $89,072 @ 7.0% cap · market cap 11.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Maple Street Services Insurance Agency

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

524

Businesses Nearby

49k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 66% Dining 29% Home Improvements & Furnishings 5%

Sunoco Shops & Services

15,506 visits/mo 0.2 miles

Mobil Shops & Services

14,299 visits/mo 0.4 miles

Jreck Subs Dining

6,376 visits/mo 0.4 miles

Pizza Hut Dining

5,831 visits/mo 0.5 miles

Evans & White Ace Home Improvements & Furnishings

2,531 visits/mo 0.3 miles

Demographics for 13676, NY

13,211

Population

5,955

Households

2.2

Avg Household Size

32

Median Age

40%

College-Educated

94%

High-School Grad

159.7 sq mi

ZIP Area

83

Density / Sq Mi

$56,900

Median Household Income

$28,147

Median Earnings

$868

Median Rent

$148,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Two adjoining commercial parcels include existing buildings and frontage along Maple Street and Sandstone Drive.

Where is this commercial land located?

The property is located at 59 Maple Street Potsdam, NY.

What is the asking price?

The asking price for this property is $759,000.

What are key features of this property?

This property features: Two adjacent commercial parcels totaling 1.51 acres; 0.51‑acre parcel includes a 5,129‑square‑foot former service station; 1.00‑acre parcel includes a 2,400‑square‑foot retail building