Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 Raymond St Norfolk, NY 13667

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15 Raymond St Norfolk, NY 13667

    View on Map
    • Specialty properties
    • 3,532 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 15 Raymond St

    Property size
    3,532 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 15 Raymond St in Potsdam, NY, presents a compelling investment opportunity. Situated in the heart of the village, this 3,532 square foot building benefits from convenient access to public parking directly across the street. The property underwent a complete renovation in 2012, ensuring a modern and well-maintained structure. A significant upgrade was completed in 2023 with the installation of a new metal roof, enhancing its longevity and curb appeal. The building boasts a thoughtfully designed interior featuring several offices and a waiting room, ideal for a variety of professional uses. Currently occupied by a long-term tenant, this property offers a stable and attractive income stream, making it a savvy financial investment. Utilities are readily available, including public sewer and water, gas, and electric. The property's central location at the intersection of Market, Elm, and Raymond Streets provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing commercial building in a desirable New York village setting. The asking price is $595,000. The property is zoned for commercial use and is located in St. Lawrence County, NY, zip code 13667.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.9771
    Latitude
    44.8337

    Comparable in this City

    • Value Estimation by Request
      4,904 SF

      1 High St Sta, Unit A

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,904 SF
      1 High St Sta, Norfolk, NY 13667-4284
      View Details
    • Value Estimation by Request
      1,872 SF

      23 Main St

      FUNERAL HOME • 1,872 SF
      23 Main St, Norfolk, NY 13667-3105
      View Details
    • Value Estimation by Request
      1.40 Acres

      Norfolk, NY 13667

      VACANT COMMERCIAL LAND • 1.40 Acres
      Norfolk, NY 13667
      View Details
    • Value Estimation by Request
      0.21 Acres

      Bank St

      VACANT COMMERCIAL LAND • 0.21 Acres
      Bank St, Norfolk, NY 13667
      View Details
    • Value Estimation by Request
      0.11 Acres

      39 Main St

      VACANT COMMERCIAL LAND • 0.11 Acres
      39 Main St, Norfolk, NY 13667-3129
      View Details
    • Value Estimation by Request
      0.61 Acres

      56 Sh

      VACANT COMMERCIAL LAND • 0.61 Acres
      56 Sh, Norfolk, NY 13667
      View Details

    Similar Nearby for Sale

    • $50,000

      Vacant Land in Norfolk, NY

      Vacant lot on corner of State Highway 56 and Plumb Brook.
      675 County Route 38, Norfolk, NY 13667
      View Details
    • Contact for pricing
      0.50 Acres

      Corner Lot in Norfolk, NY

      0.5-acre vacant land parcel suitable for development.
      Clinton St, Norfolk, NY 13667
      View Details
    • Contact for pricing

      Commercial Lot in Norfolk, NY

      Well-maintained commercial lot in the heart of Norfolk.
      37 W Main St, Norfolk, NY 13667
      View Details
    • $74,000
      2,709 SF

      Norfolk Multifamily Investment Opportunity

      Three units in Norfolk, NY. Perfect investment opportunity.
      31 W Main St, Norfolk, NY 13667
      View Details
    • $59,900

      Norfolk Laundromat and Storage Units

      Well-equipped laundromat with storage units in a great location.
      25 W Main St, Norfolk, NY 13667
      View Details
    • $299,900
      1.50 Acres

      Norfolk NY Multi-Family Property

      Eleven-unit apartment building with shared utilities and steady rental income.
      8636 State Highway 56, Norfolk, NY 13667
      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.
    15 Raymond St
    Norfolk, NY 13667
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!