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    21082 Pioneer Plaza Dr Watertown, NY 13601
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    Property profile & analytics

    21082 Pioneer Plaza Dr Watertown, NY 13601

    View on Map
    • Community centers
    • 112,434 SF
    • 3.57 lot acres
    For Lease
    $4 SF/Yr
    View Listing →
    Prime Retail Space Available For Lease
    $4 SF/Yr
    112,434 SF

    Prime Retail Space Available

    Retail space in regional retail corridor with high visibility.

    21082 Pioneer Plaza Dr, Watertown, NY
    View Listing
    Property ID
    US63-2713775
    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.
    Value Estimations
    $1,525,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Runnings / Department Store
    • Sears Home Improvements / Renovation Specialist / General Contractor
    • The Plaza at Salmon Run / Shopping Center & Mall
    • Thomas Streeter / Pharmacy
    • Nicole Peer / Pharmacy

    Property Details for 21082 Pioneer Plaza Dr

    Year built
    1993
    Lot size
    3.57 lot acres
    Property size
    112,434 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    225800 82.11-1-69
    APU
    2258008211169

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,265,000
      ML approach
      $1,430,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,220,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,060,000
      Change: +69% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.9548
    Latitude
    43.9721
    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
    $362,000
    $895,500
    $1,257,500
    -
    $709,804
    $1,755,882
    $2,465,686

    Comparable in this City

    • Value Estimation
      $620,000
      115,504 SF

      21341 County Rte 202

      MINI-MALL • 115,504 SF
      21341 County Rte 202, Watertown, NY 13601-5508
      View Details
    • Value Estimation
      $825,000
      134,791 SF

      20828 Pioneer Plz Dr

      MINI-MALL • 134,791 SF
      20828 Pioneer Plz Dr, Watertown, NY 13601-5500
      View Details
    • Value Estimation
      $775,000
      105,085 SF

      391 College Hts

      MINI-MALL • 105,085 SF
      391 College Hts, Watertown, NY 13601-2241
      View Details
    • Value Estimation
      $545,000
      88,400 SF

      21848 Towne Ctr Dr, Unit 850

      MINI-MALL • 88,400 SF
      21848 Towne Ctr Dr, Watertown, NY 13601-5898
      View Details
    • Value Estimation
      $765,000
      126,842 SF

      21800 Towne Ctr Dr

      MINI-MALL • 126,842 SF
      21800 Towne Ctr Dr, Watertown, NY 13601-5898
      View Details
    • Value Estimation by Request
      23,432 SF

      20886 Pioneer Plz Dr

      MINI-MALL • 23,432 SF
      20886 Pioneer Plz Dr, Watertown, NY 13601
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Retail Space in Watertown Center

      4,500 SF retail space available in Watertown, NY.
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    • Contact for pricing

      Retail Space in Seaway Center

      Retail and office spaces available in Watertown shopping center.
      22088 Us-11, Watertown, NY 13601
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near Fort Drum

      Neighborhood shopping center space for lease near Fort Drum.
      144 Eastern Blvd, Watertown, NY 13601
      View Details
    • Contact for pricing
      112,434 SF

      Prime Retail Space Available

      Retail space in regional retail corridor with high visibility.
      21082 Pioneer Plaza Dr, Watertown, NY 13601
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in High-Traffic Area

      Multi-tenant retail building with high visibility along retail corridor.
      21290 County Rte 202, Watertown, NY 13601
      View Details
    • Contact for pricing
      3,116 SF

      Retail Space in Watertown, NY

      Retail space available for lease in Watertown, New York.
      22252 Us-11, Watertown, NY 13601
      View Details
    View Listing
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    Watertown, NY 13601
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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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