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Property profile

187 Margaret St Plattsburgh, NY 12901

Investment properties
Property ID
US63-2259899
View Sample
8,348 SF 0.27 ac lot Built 1991
Individually Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 9,000 square foot commercial property, situated on a 0.27-acre lot at 187 Margaret Street in Plattsburgh, NY, presents a unique investment opportunity. Its prime location ensures high visibility and accessibility, guaranteeing consistent business activity. The interior boasts a sleek and modern design, featuring several spacious offices ideal for a variety of business needs. A large meeting room provides ample space for presentations or collaborative work. A conveniently located kitchenette and bathroom add to the functionality and comfort of the workspace. Significant storage space is available in a dedicated rear warehouse area, providing ample room for inventory or equipment. Furthermore, an additional upstairs room offers versatile space, perfect for use as a conference room or additional office space, enhancing the property's overall utility and potential. The property's combination of modern design, ample space, and strategic location makes it an attractive option for businesses seeking a productive and well-appointed workspace in a thriving commercial area. The asking price for this exceptional property is $485,000. This presents a compelling opportunity to acquire a well-designed and strategically located commercial space in a vibrant Plattsburgh business district.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1991
Total area 8,348 SF
Lot 0.27 ac (11,840 SF)
Zoning code 05 - COMMERCIAL
APN 091300 207.15-5-7
UPID US63-2259899

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Printing Equipment Supplier Business To Business Service
  • Law Firm
  • Interior Design Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Plattsburgh, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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