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    Property profile & analytics

    426 Main St Massena, NY 13662

    • Retail space
    • 7,822 SF
    • 0.42 lot acres
    For Sale
    View listing
    $179,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2796953
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 426 Main St

    Year built
    1965
    Lot size
    0.42 lot acres
    Property size
    7,822 SF
    Zone code
    CTD
    Property type
    Retail space
    APN
    405801 9.083-6-29.1
    APU
    40580190836291

    Description

    This exceptional 7,822 square foot multi-family property located at 426 Main St, Massena, NY, presents a compelling investment opportunity. Situated on a 0.42-acre lot, this building offers significant versatility due to its flexible zoning, accommodating a wide range of commercial uses from retail to automotive sales. The property's current configuration includes a spacious two-bedroom apartment on the upper level, currently generating a monthly income of $1,700 from the first floor alone. This income stream provides immediate return on investment, while the expansive commercial space below offers significant potential for further revenue generation. The building's substantial size and prime Main Street location in Massena, NY, ensure high visibility and accessibility. This property is an ideal choice for investors seeking a blend of immediate income and long-term growth potential. The adaptable zoning allows for a variety of business ventures, making it a truly unique and valuable asset. The existing rental income provides a solid foundation for future expansion and development. This is a rare opportunity to acquire a well-located, income-producing property with significant upside potential in a thriving community. Don't miss this chance to secure a valuable piece of Massena real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $258,000
      Market price range: $235k - $1.38M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Massena
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.8892
    Latitude
    44.9183
    CBSA code
    36300
    CBSA name
    OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $20,700
    $77,200
    $97,900
    -
    $25,244
    $94,146
    $119,390

    Comparable in this City

    • Value Estimation
      $360,000
      2,100 SF

      13445 State Hwy 37

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      13445 State Hwy 37, Massena, NY 13662-4121
      View Details
    • Value Estimation
      $205,000
      800 SF

      10161 State Hwy 56

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      10161 State Hwy 56, Massena, NY 13662-4409
      View Details
    • Value Estimation by Request
      56,717 SF

      6300 Ny-37 St

      Individual retail properties • 56,717 SF
      6300 Ny-37 St, Massena, NY 13662
      View Details
    • Value Estimation
      $385,000
      14,820 SF

      303 Main St

      RETAIL STORES (PERSONAL SERVICES) • 14,820 SF
      303 Main St, Massena, NY 13662-1903
      View Details
    • Value Estimation
      $370,000
      12,000 SF

      2 Water St

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      2 Water St, Massena, NY 13662-2181
      View Details
    • Value Estimation by Request
      56,717 SF

      6100 Ny-37

      Lifestyle centers • 56,717 SF
      6100 Ny-37, Massena, NY 13662
      View Details

    Similar Nearby for Sale

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    • $199,900

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      Retail property with open floor plan in high traffic area.
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    • $1,700,000
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      Massena Retail Space - $1.7M

      Prime Massena location, vacant 56,717 sq ft.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,130 SF

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      High-visibility corner lot available for lease or redevelopment.
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      View Details
    • $6 SF/Yr
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      Massena Retail Space - 56,717 SF

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      6100 Ny-37, Massena, NY 13662
      View Details
    • $6 SF/Yr
      56,717 SF

      Massena Industrial Property

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      6102 Ny-37, Massena, NY 13662
      View Details
    • $2,500 /Mo
      1,638 SF

      Prime Medical Office Near Hospital

      Well-maintained commercial property across from Massena Hospital, suitable for medical/professional use.
      2 Hospital Dr, Massena, NY 13662
      View Details
    • Contact for pricing
      548,856 SF

      Massena Commercial Land Opportunity

      Prime 12.6-acre commercial lot, build-to-suit.
      6200 Ny-37, Massena, NY 13662
      View Details
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    426 Main St
    Massena, NY 13662
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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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