1240 Arsenal St Watertown, NY 13601-2214
Property profile & analytics
1240 Arsenal St Watertown, NY 13601-2214
- Auto shops
- 6,088 SF
- 0.73 lot acres
Property ID
US63-5453737
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.
Location Intelligence
Current Use by Public Records
- Goodyear Auto Service / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 1240 Arsenal St
- Year built
- 2016
- Lot size
- 0.73 lot acres
- Property size
- 6,088 SF
- Zone code
- C
- Property type
- Auto shops
- APN
- 221800 8-53-118.000
- APU
- 221800853118000
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,117-square-foot Goodyear Auto Service center located at 1240 Arsenal St, Watertown, NY 13601. The property sits on a 0.72-acre lot and boasts a strong 100% occupancy rate under a triple-net (NNN) lease with a corporate guarantee from Goodyear Tire & Rubber Company. The lease, initiated March 1, 2017, has a remaining term of approximately 7.3 years, extending to February 29, 2032, with four 5-year renewal options. The current annual net operating income (NOI) is $231,000, yielding a 6.15% cap rate. The lease includes attractive rental increases of 10% every five years, providing inflation protection. The landlord's responsibility is limited to roof and structure maintenance. Built in 2016, this single-unit building represents a secure, long-term investment with significant upside potential due to the established tenant, built-in rent escalations, and the substantial remaining lease term. This is a rare opportunity to acquire a high-performing, passively managed asset with a strong corporate tenant and a proven track record. The property offers a compelling combination of stability, growth potential, and a strong return on investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Jefferson
- State
- New York
- Longitude
- -75.9436
- Latitude
- 43.9769
- CBSA code
- 48060
- CBSA name
- WATERTOWN-FORT DRUM, 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
$290,100
$321,400
$611,500
-
$349,496
$387,204
$736,700
