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Property profile & analytics
FOR LEASE
Distribution properties
1067 Marble St, Watertown, NY 13601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3920534
For Lease
1 / 24
$2,500/Mo
1067 Marble St, Watertown, NY 13601
View Listing →
Property profile
Verified
Property type
Distribution properties
Use group
BUS TERMINAL
Year built
1971
Total area
25,944 SF
Lot
6.16 ac (268,330 SF)
Zoning code
NMU
APN
221800 4-27-330.000
UPID
US63-3920534
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Hale Transportation- Hale's Bus Garage, LLC. Freight Service Logistics Company
-
Hale's Garage Auto Repair Shop
-
Freeman Fleet Services and Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$662k
Blend (final)
Blend
$550k
Owner & transaction history
Hale S Bus Garage LLC · 2 yrs held
Hale S Bus Garage LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
NMU · Watertown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Watertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watertown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
TRUCK TERMINAL (MOTOR FREIGHT)
$830,000
Current use
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Apr 11 2024)
Last sale anchor
$550k
Apr 11 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$21 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,297,900
Assessed 2023
Previous assessed
$1,297,900
+0.0% YoY
Assessed land
$73,900
Assessed improvement
$1,224,000
Land market value
$89,034
Improvement market value
$1,474,666
Total market value
$1,563,700
Applied tax rate
221,800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution properties
Use group
BUS TERMINAL
Status
For Lease
Year built
1971
Heating
NONE
Buildings
2
Stories
1
Total area
25,944 SF
Lot
6.16 ac (268,330 SF)
Zoning code
NMU
APN
221800 4-27-330.000
UPID
US63-3920534
Jurisdiction
JEFFERSON
Zoning & alternative use
NMU · Watertown, NY
Zoning NMU · permitted uses
NMU · Watertown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watertown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
TRUCK TERMINAL (MOTOR FREIGHT) Current
Est. value
$830,000
TRUCK TERMINAL (MOTOR FREIGHT) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
1
Buildings
2
Lot
6.16 ac
Current owner
From public records · entity-resolved
Hale S Bus Garage LLC
Entity
Mailing address
37 KIRKLAND AVE, CLINTON, NY 13323-1400
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
—
Hales Bus Garage LLC
—
Deed
related
$500,000 · Watertown Local Dev C
Apr 11, 2024
—
Hale S Bus Garage LLC
Hale S Bus Garage LLC
Warranty Deed
related
—
Jun 15, 2023
$550,000
Hales Bus Garage LLC
Marble St Garage Ltd
Warranty Deed
$511,477 · Watertown Savings Bank
Mar 16, 2022
—
Marble St Garage Ltd
—
Deed
related
$200,000 · Watertown Savings Bank
Oct 14, 2021
—
Marble St Garage Ltd
—
Deed
related
$200,000 · Watertown Savings Bank
Feb 27, 2020
—
Marble St Garage Ltd
—
Deed
related
$200,000 · Watertown Savings Bank
Jul 24, 2019
—
Marble St Garage Ltd
—
Deed
related
$120,000 · Watertown Local Dev Corp
—
—
Marble St Garage Ltd
—
Deed Of Trust
related
$120,000 · Watertown Local Dev Corp
—
—
Marble St Garage Ltd
—
Deed Of Trust
related
$300,000 · Watertown Svgs Bk
—
—
Marble St Garage Ltd
—
Deed Of Trust
related
$200,000 · Watertown Svgs Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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