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    26908 Independence Way Evans Mills, NY 13637
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    Property profile & analytics

    26908 Independence Way Evans Mills, NY 13637

    View on Map
    • Medical Office Space
    • 25,000 SF
    • 2.21 lot acres
    For Lease
    $2,780,000
    View Listing →
    Medical/Office Suites For Rent For Lease
    $2,780,000
    3,447 SF

    Medical/Office Suites For Rent

    Professional medical/office suites available in modern building.

    26908 Independence Wy, Evans Mills, NY
    View Listing
    Property ID
    US63-5198916
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • John Burnett / Pediatrician / Physician
    • Melissa Charlebois / Physician
    • Sarah Boston / Physician
    • Jackie Wing-Kin Lam / Dental Office
    • Jackie Lam / Dental Office

    Property Details for 26908 Independence Way

    Year built
    2010
    Lot size
    2.21 lot acres
    Property size
    25,000 SF
    Zone code
    B
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    224089 65.00-1-48.351
    APU
    2240896500148351

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,085,000
      RETAIL STORES
      $2,065,000
      COMMERCIAL (GENERAL)
      $1,850,000
      AUTO REPAIR, GARAGE
      $1,725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans Mills
    County
    Jefferson
    State
    New York
    Longitude
    -75.8304
    Latitude
    44.0547
    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
    $602,000
    $1,998,000
    $2,600,000
    -
    $640,425
    $2,125,532
    $2,765,957

    Comparable in this City

    • Value Estimation
      $1,370,000
      12,777 SF

      24180 County Rte 16

      MEDICAL CLINIC • 12,777 SF
      24180 County Rte 16, Evans Mills, NY 13637-3127
      View Details
    • Value Estimation by Request
      18,992 SF

      8130 Schell Ave

      HOMES (RETIRED, NURSING) • 18,992 SF
      8130 Schell Ave, Evans Mills, NY 13637-3263
      View Details
    • Value Estimation by Request
      4,158 SF

      8706 Noble St

      OFFICE BUILDING • 4,158 SF
      8706 Noble St, Evans Mills, NY 13637
      View Details
    • Value Estimation by Request
      2,560 SF

      24958 County Rte 16

      OFFICE BUILDING • 2,560 SF
      24958 County Rte 16, Evans Mills, NY 13637
      View Details
    • Value Estimation
      $800,000
      7,063 SF

      8650 Leray St

      OFFICE BUILDING • 7,063 SF
      8650 Leray St, Evans Mills, NY 13637-3375
      View Details
    • Value Estimation by Request
      3,144 SF

      26302 Us Rte 11

      OFFICE BUILDING • 3,144 SF
      26302 Us Rte 11, Evans Mills, NY 13637-3380
      View Details

    Similar Nearby for Sale

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      Prime Development Land for Lease

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      Development Parcel on US Route

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      1.5 acre development site on a signalized corner.
      25369 Us-11, Evans Mills, NY 13637
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    • $19,750,000

      Evans Mills Potential Power-Node Campus

      Large acreage site near Fort Drum with development potential.
      26758 County Route 16, Evans Mills, NY 13637
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Medical/Office Suites For Rent

      Professional medical/office suites available in modern building.
      26908 Independence Way, Evans Mills, NY 13637
      View Details
    • Contact for pricing

      Prime LeRay Development Land

      1.5-acre commercial site, high traffic.
      25369 Us-11, Evans Mills, NY 13637
      View Details
    View Listing
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    Evans Mills, NY 13637
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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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