Office Building with Adjacent
New
For Sale
Contact for pricing
723-727 Washington St, Watertown, NY 13601
Three office floors with private rooms are offered alongside a neighboring two-family home.
Property Size9,000 SF
Price / SF$131.28
Days on Market3
Property Features for 723-727 Washington St
General Information
Standard status
Active
Size
9,000 SF
Property subtype
OFFICE
Additional Details
Property Use
Office
Building Details
Stories
3
Building Size
9,000 SF
Construction
poured concrete
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Watertown
(315) 779-1196
Listed By:
Christopher Clark
(315) 408-6299
Source:
Moodyscre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:32PM
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 Cushman & Wakefield | Pyramid Brokerage - Watertown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office building has three floors, each measuring approximately 3,000 SF, with flexible layouts suited to general office or medical use. Each level contains four to five windowed private offices. A lower level and poured-concrete foundation are also part of the building.
An adjacent two-family house measuring approximately 3,188 SF is included. The property is on Washington Street, across from Samaritan Medical Center.
An adjacent two-family house measuring approximately 3,188 SF is included. The property is on Washington Street, across from Samaritan Medical Center.
Key Highlights
- Three office floors, each approximately 3,000+/- SF
- Four to five private, windowed offices on each floor
- Adjacent two‑family house measuring 3,188+/- SF included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,350
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,007,000
$2.0M
Cap Rate 7%
$1,433,571
$1.4M
Cap Rate 9%
$1,115,000
$1.1M
Market Conditions
NOI Build-Up for 12,188 SF
Gross rent
$153.6K $12.60/SF
− Vacancy
−$10.2K −$0.84/SF
EGI
$143.4K $11.76/SF
− OpEx
−$43.0K −$3.53/SF
NOI
$100.3K $8.23/SF
Area
Jefferson County, NY
Vacancy
6.65%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,007,000
Cap Rate 7%
$1,433,571
Cap Rate 9%
$1,115,000
Alternative Uses
Best Use
Mixed Use
$2.44M
$2.14M – $2.85M
NOI $170,887 @ 7.0% cap · market cap 10.68%
Second Best
Office B
$2.43M
$2.12M – $2.83M
NOI $169,803 @ 7.0% cap · market cap 10.61%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,180 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three office floors with private rooms are offered alongside a neighboring two-family home.
Where is this office building located?
The property is located at 723-727 Washington St Watertown, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three office floors, each approximately 3,000+/- SF; Four to five private, windowed offices on each floor; Adjacent two‑family house measuring 3,188+/- SF included in the sale
