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    Ogdensburg Land with Warehouse Title is generated by Realmo AI

    7263 7345 7351 State Hwy 68, Ogdensburg, NY 13669

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    Claim this Listing
    For Sale
    $250,000

    LAND - Ogdensburg, NY

    Property size:
    3,000 SF
    Lot size:
    86.40 Acres
    Price / SF:
    $83/SF
    Added:
    Aug 11, 2025
    Days on Market:
    292
    Last Refresh:
    May 29 at 12:06 pm

    Property Features for 7263 7345 7351 State Hwy 68

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    59.002-1-26
    Size
    3,000 SF
    Lot size
    86.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3257

    Building Details

    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Deborah Polniak

    Listing agent Deborah Polniak License #40PO1137191

    Listing office River Run Realty, LLC 30 Riverwood Acres, Ogdensburg, NY

    Listing date Aug 11, 2025

    MLS# 51763 Listing URL

    Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 86.4 acre property conveniently located near stores, restaurants, airport and schools.
    • Includes a 3,000 sq. ft metal warehouse on slab.
    • Generates $6,000 per year from billboards, helping to cover property taxes.
    • Features a well, septic system, and electric service to the old house location.
    • Mix of pasture (58.7 acres), wetlands (14.23 acres), and brush.
    • Surrounded by both commercial and residential land.

    Overview

    This property features 86.4 acres of land with a 3,000 sq. ft metal warehouse on a slab foundation. The site includes a well, septic system, and electric service that extends to the location of a former house. The property generates $6,000 annually from billboards, which can offset property taxes. The land is divided into 58.7 acres of pasture, 14.23 acres of wetlands, and 9.88 acres of federal wetlands, with the remaining area covered in brush. The property is surrounded by a mix of commercial and residential land and is situated just outside the city, offering convenient access to stores, restaurants, the airport, and schools. The old home on the property is not habitable and should not be entered. The property's location and features suggest a wide range of potential uses.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $28.4k $9.48
    − Vacancy −$2.0k −$0.66
    EGI $26.4k $8.82
    − OpEx −$4.0k −$1.32
    NOI $22.5k $7.49
    3,000 SF · lease $9.48/SF/yr · vacancy 7.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $321.2K
    $281.0K – $374.7K (±1% cap)
    NOI $22,482 @ 7.0% cap · market cap 8.99%
    Second Best
    Industrial
    $264.5K
    $231.4K – $308.6K (±1% cap)
    NOI $18,514 @ 7.0% cap · market cap 7.41%
    Theoretical Best
    Office A
    $744.3K
    $651.2K – $868.3K (±1% cap)
    NOI $52,099 @ 7.0% cap · market cap 20.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ogdensburg
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.4609977
    Latitude
    44.6862591

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    FAQs

    What type of property is this?
    Warehouse - 86.4 acres with warehouse near city, income potential.
    Where is this warehouse located?
    The property is located at 7263 7345 7351 State Hwy 68 Ogdensburg, NY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 86.4 acre property conveniently located near stores, restaurants, airport and schools.; Includes a **3,000 sq. ft metal warehouse on slab.**; Generates **$6,000 per year from billboards**, helping to cover property taxes.
    (315) 276-9144
    We can help!
    Listing Contact
    Deborah Polniak
    Real Estate License ID: 40PO1137191
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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