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Property profile & analytics
OFF-MARKET
Estimated value
$7,140,000
Office buildings
1575 Washington St, Watertown, NY 13601-9371
Individually Owned
7-yr Hold
Free & Clear
Property ID
US63-5394557
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1970
Total area
69,672 SF
Lot
20.95 ac (912,582 SF)
Zoning code
PC
APN
221800 13-23-107.000
UPID
US63-5394557
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
-
Khan Sadaqat N MD Physician
-
Bonnie Servage Physician
-
Tyler Ryan E MD Pediatrician Physician
-
Sharen Yaworski, NP Physician
-
Eric R Macmaster Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.41M
Blend (final)
Blend
$7.14M
Owner & transaction history
Samaritan Medicale Ctr · 7 yrs held
Samaritan Medicale Ctr
since 2018
1 recorded transaction
Zoning & alternative use
PC · Watertown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+27.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,630,000
Current use
RESTAURANT
$5,880,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,550,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$7.14M
Range $6.43M – $7.85M · ±10%
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
$102 / 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
$11,825,900
Assessed 2023
Previous assessed
$11,825,900
+0.0% YoY
Assessed land
$1,331,000
Assessed improvement
$10,494,900
Land market value
$1,603,618
Improvement market value
$12,644,482
Total market value
$14,248,100
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
69,672 SF
Lot
20.95 ac (912,582 SF)
Zoning code
PC
APN
221800 13-23-107.000
UPID
US63-5394557
Jurisdiction
JEFFERSON
Zoning & alternative use
PC · Watertown, NY
Zoning PC · permitted uses
PC · 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
OFFICE BUILDING Current
Est. value
$4.6M
RESTAURANT
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
20.95 ac
Current owner
From public records · entity-resolved
Samaritan Medicale Ctr
Individual
Free & Clear · 7 yrs held
Mailing address
830 WASHINGTON ST, WATERTOWN, NY 13601-4034
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2018
—
Samaritan Medicale Ctr
Samaritan Medical Ctr
Quit Claim Deed
related
—
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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