Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
259 J B Wise Pl Watertown, NY 13601-4631
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0529507
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1906
Total area
24,642 SF
Lot
0.47 ac (20,274 SF)
Zoning code
DC
APN
221800 7-01-132.100
UPID
US63-0529507
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
-
Shirtheads Screen Printing (Bike/Boat/Book/etc) Store Printing Service
-
Watertown Local Development Corporation Charitable Organization Social Service Agency
-
Thousand Islands Area Habitat for Humanity Charitable Organization Social Service Agency
-
JB Wise Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$650k
Owner & transaction history
259 Jb Wise Partners LLC · 3 yrs held
259 Jb Wise Partners LLC
since 2022
5 recorded transactions
Zoning & alternative use
DC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$26 / 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
$153,600
Assessed 2023
Previous assessed
$153,600
+0.0% YoY
Assessed land
$26,000
Assessed improvement
$127,600
Land market value
$31,332
Improvement market value
$153,768
Total market value
$185,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1906
Heating
NONE
Stories
3
Total area
24,642 SF
Lot
0.47 ac (20,274 SF)
Zoning code
DC
APN
221800 7-01-132.100
UPID
US63-0529507
Jurisdiction
JEFFERSON
Zoning & alternative use
DC · Watertown, NY
Zoning DC · permitted uses
DC · 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.
Building & site characteristics
From public records
Year built
1906
Heating
NONE
Stories
3
Lot
0.47 ac
Current owner
From public records · entity-resolved
259 Jb Wise Partners LLC
Entity
Mailing address
1721 COCHRAN RD STE #200, PITTSBURGH, PA 15220-1000
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
—
259 Jb Wise Partners LLC
437 Partners LLC
Deed
$350,000 · Watertown Local Dev C
Nov 4, 2021
$295,000
437 Partners LLC
Jb Wise Professi Bldg LLC
Warranty Deed
—
Apr 24, 2019
—
Jb Wise Prof Bldg LLC
Bonner,vina A
Warranty Deed
related
—
May 3, 2018
$335,000
Vina Bonner
Jb Wise Block LLC
Grant Deed
—
Apr 28, 2015
$153,000
Jb Wise Block LLC
Horning Thomas
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 259 J B Wise Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
