Building Details

Year Built 1960

Buildings 1

Building Size 16,000 SF

Tenancy Multi

Listing Agency: Howard Hanna Real Estate

Listed By: David R. Baritell Show Phone

Source: Nicholcityrealty

Added: Sep 1 Changed: Oct 8 Last Checked: Oct 20 at 7:54PM

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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 Howard Hanna Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail storefront faces Market Street and includes display windows, a direct exterior entrance, and a second entry from the interior mall corridor. The space is also identified as suitable for office use where street exposure is important.

The property is part of a 16,000-square-foot commercial building constructed in 1960, with additional spaces configured for retail and office occupancy. Interior access extends through the building toward the rear parking area, while other areas have entrances from Market Street or the rear lot. The property is located in the Central Business District of the Village of Potsdam and includes access to a rear parking area.

Key Highlights

• Market Street‑facing retail storefront with display windows
• Direct entrances from Market Street and the interior mall corridor
• Suitable for retail or office use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$215,207

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,304,140 $4.3M

Cap Rate 7%

$3,074,386 $3.1M

Cap Rate 9%

$2,391,189 $2.4M

What to ask about pricing

Market Conditions

NOI Build-Up for 16,926 SF

Gross rent

$320.9K $18.96/SF

− Vacancy

−$13.5K −$0.80/SF

EGI

$307.4K $18.16/SF

− OpEx

−$92.2K −$5.45/SF

NOI

$215.2K $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%

$4,304,140

Cap Rate 7%

$3,074,386

Cap Rate 9%

$2,391,189

Alternative Uses

Best Use

Office B

$3.17M

$2.77M – $3.69M (±1% cap)

NOI $221,664 @ 7.0% cap · market cap 1,477,760.00%

Second Best

Retail

$3.07M

$2.69M – $3.59M (±1% cap)

NOI $215,207 @ 7.0% cap · market cap 1,434,713.33%

Theoretical Best

Office A

$4.20M

$3.67M – $4.90M (±1% cap)

NOI $293,944 @ 7.0% cap · market cap 1,959,626.67%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

US Air Force ... Military Recruiting Office Wheeler Thomas B Law Firm Marine Corps Recruiting ... Military Recruiting Office Northwestern Mutual Financial Advisor US Army Recruiting ... Military Recruiting Office

Suggested Use

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

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

793

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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 Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Street-facing space offers display windows and entry from both Market Street and the interior corridor.

Where is this storefront property located?

The property is located at 63 Market St Potsdam, NY.

What are key features of this property?

This property features: Market Street‑facing retail storefront with display windows; Direct entrances from Market Street and the interior mall corridor; Suitable for retail or office use