Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6102 Ny-37 Massena, NY 13662
    Back to Search
    Property profile & analytics

    6102 Ny-37, Massena, NY 13662

    View on Map
    • Warehouses
    • 56,717 SF
    • 4.09 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6102 Ny-37

    Year built
    1990
    Lot size
    4.09 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 56,717-square-foot industrial building, situated on a 4.09-acre lot in Massena, NY, presents a significant investment opportunity. Located at 6102 NY-37, this Class B property boasts a prime location directly on Route 37, ensuring high visibility and convenient access. Built in 1990, the single-tenant building is zoned for commercial use and offers ample space for manufacturing, distribution, or warehousing operations. The property's strategic location near Massena International Airport and surrounded by established businesses like BJ's Wholesale Club, Ollie's, McDonald's, JCPenney, and Walmart, guarantees high traffic and a strong customer base. The surrounding area boasts a population of 13,668 within a 5-mile radius, with an average household income of $70,310, creating a lucrative market for businesses. The property's Parcel Number (APN) is 405889-010-039-0001-003-000-0000, and it's situated in St. Lawrence County. The entire 56,717 square feet is currently vacant, providing immediate occupancy for a new tenant or owner-occupier. This property offers a rare chance to establish a thriving business in a well-established commercial area with excellent visibility and access. The building's size and location make it ideal for a variety of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Massena
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.8443
    Latitude
    44.9503

    Comparable in this City

    • Value Estimation by Request
      56,717 SF

      6102 Ny-37

      Refrigerated & Cold Storage
      6102 Ny-37, Massena, NY 13662
      View Details
    • Value Estimation by Request
      1,680 SF

      2168 State Hwy 420

      DISTRIBUTION WAREHOUSE
      2168 State Hwy 420, Massena, NY 13662-3351
      View Details
    • Value Estimation by Request
      1,380 SF

      120 Dennison Rd

      WAREHOUSE, STORAGE
      120 Dennison Rd, Massena, NY 13662
      View Details
    • Value Estimation by Request
      5,040 SF

      Liberty Ave

      WAREHOUSE, STORAGE
      Liberty Ave, Massena, NY 13662
      View Details
    • Value Estimation by Request
      2,400 SF

      543 Main St

      WAREHOUSE, STORAGE
      543 Main St, Massena, NY 13662-2636
      View Details
    • Value Estimation by Request
      960 SF

      2270 State Hwy 420

      WAREHOUSE, STORAGE
      2270 State Hwy 420, Massena, NY 13662-3352
      View Details

    Similar Nearby for Sale

    • $599,000
      49,032 SF

      Massena Trucking and Logistics Base

      Commercial property with loading docks, storage, and maintenance shop.
      50 Burney Ave, Massena, NY 13662
      View Details
    • Contact for pricing
      49,032 SF

      Trucking and Logistics Base

      Trucking and logistics base with multiple buildings and loading docks.
      50 Burney Ave, Massena, NY 13662
      View Details
    • Contact for pricing
      26,428 SF

      Massena Warehouse with Office Space

      Warehouse with office space, loading docks, and refrigeration area.
      52 Liberty Ave, Massena, NY 13662
      View Details
    • $225,000
      7,000 SF

      Massena Commercial Property For Sale

      7000 sqft commercial space with office, warehouse, and garage.
      52 Center St, Massena, NY 13662
      View Details
    • $950,000
      26,428 SF

      Massena Warehouse with Office Space

      Warehouse with offices and loading docks in Massena, NY.
      52 Liberty Ave, Massena, NY 13662
      View Details
    • Contact for pricing
      49,032 SF

      Massena Trucking and Logistics Base

      Trucking and logistics base with multiple buildings and loading docks.
      50 Burney Ave, Massena, NY 13662
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,130 SF

      Former Pharmacy in Downtown Massena

      High-visibility corner lot available for lease or redevelopment.
      87 Main St, Massena, NY 13662
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Route 37

      Retail space anchored by BJ's Wholesale Club and Ollie’s.
      6033-6300 St Hwy 37, Massena, NY 13662
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial property with high visibility and excellent accessibility for rent.
      6200 Ny-37, Massena, NY 13662
      View Details
    • Contact for pricing

      Commercial Land Near Highway

      Commercial land for rent near major businesses.
      6200 Ny-37, Massena, NY 13662
      View Details
    • Contact for pricing

      Commercial Land Near Major Businesses

      Commercial property for rent near Ollie's, JCPenney, and Walmart.
      6300 Ny-37, Massena, NY 13662
      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.
    6102 Ny-37
    Massena, NY 13662
    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
    6102 Ny-37, Massena, NY, 13662
    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!