Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7748 State Highway 68 Ogdensburg, NY 13669
    Back to Search
    Property profile & analytics

    7748 State Highway 68 Ogdensburg, NY 13669

    View on Map
    • Commercial real estate
    • 3,552 SF
    • 1.60 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7748 State Highway 68

    Year built
    1977
    Lot size
    1.60 lot acres
    Property size
    3,552 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,552 square foot commercial property at 7748 State Highway 68 in Ogdensburg, NY, presents a remarkable opportunity for a variety of businesses. Situated on a highly visible 1.6-acre lot at the edge of Main Street, this single-story building benefits from significant foot and vehicle traffic. The main section of the building has undergone a complete renovation, offering a move-in ready space for immediate occupancy. Recent upgrades include a new roof, windows, doors, and siding, ensuring both aesthetic appeal and energy efficiency. A secondary section features a half-bath and two new overhead doors, ideal for storage of business supplies or equipment. Two additional sections provide ample storage space, each accessed by an overhead door. The three bays with overhead doors make this property particularly well-suited for businesses such as repair garages or detailing shops. The expansive 1.6-acre lot includes a large parking area and extensive space for outdoor storage, providing ample room for customer parking and additional business needs. This property offers a unique blend of renovated interior space and substantial outdoor area, making it an exceptional investment opportunity in a prime Ogdensburg location. The asking price is $149,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ogdensburg
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.5101
    Latitude
    44.6857

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      State St

      Land • 0.18 Acres
      0 State St, Ogdensburg, NY 13669
      View Details
    • Value Estimation by Request
      2,150 SF

      511 State St

      STORE/OFFICE (MIXED USE) • 2,150 SF
      511 State St, Ogdensburg, NY 13669-2672
      View Details
    • Value Estimation by Request
      0.19 Acres

      Albany Ave

      COMMERCIAL (GENERAL) • 0.19 Acres
      Albany Ave, Ogdensburg, NY 13669
      View Details
    • Value Estimation by Request
      0.40 Acres

      7193 State Hwy 68

      COMMERCIAL (GENERAL) • 0.40 Acres
      7193 State Hwy 68, Ogdensburg, NY 13669-5102
      View Details
    • Value Estimation by Request
      0.23 Acres

      Plover Hl Ave

      COMMERCIAL (GENERAL) • 0.23 Acres
      Plover Hl Ave, Ogdensburg, NY 13669
      View Details
    • Value Estimation by Request
      4,320 SF

      36 Main St

      COMMERCIAL (GENERAL) • 4,320 SF
      36 Main St, Ogdensburg, NY 13669
      View Details

    Similar Nearby for Sale

    • $749,000
      3,760 SF

      Bayside Bar & Grill - Riverfront Gem

      Established waterfront bar & grill, turnkey operation.
      1702 Ford St, Ogdensburg, NY 13669
      View Details
    • $349,000
      2,839 SF

      Prime Ogdensburg Commercial Space

      Established Convenience Store, Turn-Key Ready
      49 Main St, Ogdensburg, NY 13669
      View Details
    • $274,900
      2,048 SF

      Prime Ogdensburg Commercial Space

      High-traffic location, renovated 2002 building.
      302 Ford St, Ogdensburg, NY 13669
      View Details
    • $649,900
      6,474 SF

      Prime Ogdensburg Commercial Property

      Successful Convenience Store & Redemption Center
      7211 State Highway 68, Ogdensburg, NY 13669
      View Details
    • $550,000

      Prime Ogdensburg Riverfront Commercial Lot

      Rare Riverfront Opportunity: Develop Your Vision!
      1 Franklin St, Ogdensburg, NY 13669
      View Details
    • $299,000

      Mixed-Use Opportunity in Ogdensburg, NY

      Versatile property suitable for various commercial and residential ventures.
      732 Ford Street Ext, Ogdensburg, NY 13669
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7748 State Highway 68
    Ogdensburg, NY 13669
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7748 State Highway 68, Ogdensburg, NY, 13669
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!