Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    State Route 9 Chazy, NY 12992
    Back to Search
    Property profile & analytics

    State Route 9 Chazy, NY 12992

    View on Map
    • Commercial real estate
    • 3,681 SF
    • 2.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for State Route 9

    Year built
    1979
    Lot size
    2.30 lot acres
    Property size
    3,681 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at State Route 9 Unit 9774 in Chazy, NY, presents a unique investment opportunity. Situated on a 2.3-acre parcel offering 256 feet of road frontage and ample parking, this 3,681 square foot building boasts significant advantages. Previously utilized as office space by the New York State Police, the layout is adaptable to a variety of commercial uses. A daycare facility is one potential application, but the property's versatility allows for exploration of numerous other options. A comprehensive list of permitted uses is readily available. The building features a large, attached two-plus car garage, providing convenient storage or workspace. Recent upgrades significantly enhance the property's value and efficiency. These include a new HVAC system, a nearly new roof (installed in 2016), new attic insulation, and a new leach field (installed in 2018). Further improvements include a new furnace (2020) and upgraded interior and exterior lighting. The property's prime location, just 12 miles from Plattsburgh, ensures excellent visibility and accessibility. This is an exceptional opportunity to acquire a well-maintained, versatile commercial building in a desirable location. Contact us today to learn more and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chazy
    County
    Clinton
    State
    New York
    Longitude
    -73.4372
    Latitude
    44.892

    Comparable in this City

    • Value Estimation by Request
      12,118 SF

      433 Duquette Rd

      COMMERCIAL (GENERAL) • 12,118 SF
      433 Duquette Rd, West Chazy, NY 12992
      View Details
    • Value Estimation by Request
      16.81 Acres

      Ashley Rd

      VACANT COMMERCIAL LAND • 16.81 Acres
      Ashley Rd, West Chazy, NY 12992
      View Details
    • Value Estimation by Request
      3,456 SF

      8900 State Rte 22

      STORE/OFFICE (MIXED USE) • 3,456 SF
      8900 State Rte 22, West Chazy, NY 12992-3130
      View Details
    • Value Estimation by Request
      6,608 SF

      8398 Rt 9th 9

      OFFICE/RESIDENTIAL (MIXED USE) • 6,608 SF
      8398 Rt 9th 9, West Chazy, NY 12992
      View Details
    • Value Estimation by Request
      1,620 SF

      82508252 Rt 22

      OFFICE/RESIDENTIAL (MIXED USE) • 1,620 SF
      82508252 Rt 22, West Chazy, NY 12992
      View Details
    • Value Estimation by Request
      1,680 SF

      90699071 Rt 22

      OFFICE/RESIDENTIAL (MIXED USE) • 1,680 SF
      90699071 Rt 22, West Chazy, NY 12992
      View Details

    Similar Nearby for Sale

    • $89,900
      1.90 Acres

      Commercial Lot on Route 22

      Prime commercial lot in West Chazy with high visibility.
      Rte 22, West Chazy, NY 12992
      View Details
    • $110,000
      40.91 Acres

      West Chazy Land: Hunter's Paradise

      40+ acre wooded parcel, ideal recreational retreat, build potential.
      Town Line Rd, West Chazy, NY 12992
      View Details
    • $259,000
      3,528 SF

      West Chazy Income Generating 4-Plex

      Fully rented 4-plex with income potential in West Chazy.
      53 Stratton Hill Rd, West Chazy, NY 12992
      View Details
    • $53,100
      Pending

      Improved Corner Lot in Chazy

      Turnkey lot with infrastructure in place, ready for development.
      209 Slosson Rd, West Chazy, NY 12992
      View Details
    • $39,000
      1.30 Acres

      Cleared Lot Near I-87

      1.3 acre cleared lot, 10 minutes from I-87.
      Laforest Rd, West Chazy, NY 12992
      View Details
    • $35,000
      3.70 Acres

      West Chazy Land Parcel

      3.7-acre parcel in West Chazy, NY with road frontage.
      Rte 22, West Chazy, NY 12992
      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.
    State Route 9
    Chazy, NY 12992
    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
    State Route 9, Chazy, NY, 12992
    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!