Building Details

Building Size 10,000 SF

Year Built 2005

Buildings 1

Construction split faced block

Listing Agency: Fesette Realty, LLC Show Phone

Listed By: Neil Fesette Show Phone

Source: Homerootsrealty

Added: Aug 5, 2025 Changed: Oct 24 Last Checked: Oct 24 at 2:35PM

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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 Fesette Realty, LLC

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Investment Insights

Based on property information with market context.

This flex property sits on a 2.78-acre parcel and contains a 10,000-square-foot building. Its interior combines a broad showroom area with offices and a workshop at the rear. Building features include central HVAC, storage with mezzanine access, a walk-in cooler, a 10' x 10' overhead door, and a 400-amp power supply. The structure has split-faced block walls, steel roof trusses, and a rubber membrane roof; it was built in 2005.

The property is in Rouses Point, less than 5 miles from the I-87 interchange and a 10-minute drive from the Champlain U.S.-Canadian Port of Entry. On-site parking is provided.

Key Highlights

• 10,000sf building on a 2.78 acre parcel
• Showroom area, rear offices, and workshop
• Central HVAC, walk‑in cooler, and storage with mezzanine access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,715

Cap Rate

9.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,234,300 $1.2M

Cap Rate 7%

$881,643 $881.6K

Cap Rate 9%

$685,722 $685.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$94.8K $9.48/SF

− Vacancy

−$6.6K −$0.66/SF

EGI

$88.2K $8.82/SF

− OpEx

−$26.4K −$2.64/SF

NOI

$61.7K $6.17/SF

Area

Clinton County, NY

Vacancy

7.00%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,234,300

Cap Rate 7%

$881,643

Cap Rate 9%

$685,722

Alternative Uses

Best Use

Flex RnD

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,572 @ 7.0% cap · market cap 19.34%

Second Best

Retail

$1.75M

$1.53M – $2.05M (±1% cap)

NOI $122,724 @ 7.0% cap · market cap 18.18%

Theoretical Best

Office A

$2.76M

$2.41M – $3.22M (±1% cap)

NOI $192,960 @ 7.0% cap · market cap 28.59%

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

Cornerstone Drug & Gift ... Pharmacy UPS Authorized Shipping ... Courier Service U First FCU Loan Service Jason Turner Pharmacy CFA Insurance Llc Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Parking Lot & Garage HVAC Service

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

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 12979, NY

2,321

Population

1,344

Households

1.7

Avg Household Size

48

Median Age

20%

College-Educated

87%

High-School Grad

4.2 sq mi

ZIP Area

553

Density / Sq Mi

$47,135

Median Household Income

$40,824

Median Earnings

$731

Median Rent

$180,500

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Rear offices and workshop space complement the building’s large showroom area.

Where is this flex space located?

The property is located at 72 Champlain Street Rouses Point, NY.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 10,000sf building on a 2.78 acre parcel; Showroom area, rear offices, and workshop; Central HVAC, walk‑in cooler, and storage with mezzanine access