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    2981 Ford Street Ext Ogdensburg, NY 13669

    • Strip malls
    • 55,100 SF
    • 14.90 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5439303
    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.

    Current Use by Public Records

    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Price Chopper Pharmacy / Pharmacy
    • The UPS Store / Courier Service / Postal Service
    • Dollar Tree / Discount Store
    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 2981 Ford Street Ext

    Year built
    1991
    Lot size
    14.90 lot acres
    Property size
    55,100 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    401200 48.065-9-2.11
    APU
    401200480659211

    Description

    Gateway Plaza, located at 2981 Ford Street Extension in Ogdensburg, NY (zip code 13669), offers exceptional retail space for lease. This 54,562 square foot commercial center, built in 1991, sits on a 16.17-acre lot in St. Lawrence County. The property currently features five suites, with 18,989 square feet of vacant space available for lease. Units are divisible to a minimum of 1,580 square feet and can be combined for up to 10,000 contiguous square feet. The center benefits from a strong anchor tenant lineup, including Price Chopper and Lowe's, ensuring high foot traffic and visibility. This location provides excellent access to a diverse customer base, making it an ideal opportunity for a variety of retail businesses. The property's strategic location and established tenant mix create a synergistic environment, promising a thriving business environment for new occupants. This is a rare opportunity to establish a presence in a well-established and successful retail center. The property is situated in Ogdensburg, New York, offering a convenient location for businesses seeking to serve the local community. Contact for details and leasing information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,225,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogdensburg
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.4612
    Latitude
    44.7055
    CBSA code
    36300
    CBSA name
    OGDENSBURG-MASSENA, 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
    $624,000
    $7,376,000
    $8,000,000
    -
    $624,000
    $7,376,000
    $8,000,000

    Comparable in this City

    • Value Estimation by Request
      7,680 SF

      1031-1035 Paterson St

      SHOPPING CENTER, STRIP CENTER • 7,680 SF
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      View Details
    • Value Estimation by Request
      15,251 SF

      207 Frd St

      SHOPPING CENTER, STRIP CENTER • 15,251 SF
      207 Frd St, Ogdensburg, NY 13669-1415
      View Details
    • Value Estimation by Request
      12,082 SF

      215 Frd St

      SHOPPING CENTER, STRIP CENTER • 12,082 SF
      215 Frd St, Ogdensburg, NY 13669-1415
      View Details
    • Value Estimation
      $1,140,000
      16,498 SF

      101 Frd St

      SHOPPING CENTER, STRIP CENTER • 16,498 SF
      101 Frd St, Ogdensburg, NY 13669-1419
      View Details
    • Value Estimation by Request
      7,220 SF

      103 Frd St

      SHOPPING CENTER, STRIP CENTER • 7,220 SF
      103 Frd St, Ogdensburg, NY 13669-1419
      View Details
    • Value Estimation
      $640,000
      64,560 SF

      703 Canton St

      REGIONAL SHOPPING CENTER, MALL • 64,560 SF
      703 Canton St, Ogdensburg, NY 13669
      View Details

    Similar Nearby for Sale

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    • $595,000
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      Turnkey Business Opportunity in Ogdensburg

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    Similar Nearby for Lease

    • $12 SF/Yr

      Retail Space in Gateway Plaza

      Retail spaces available for lease in Ogdensburg, NY.
      2981 Ford Street Ext, Ogdensburg, NY 13669
      View Details
    • Contact for pricing
      42,087 SF

      Seaway Plaza Retail Center

      Ogdensburg Retail Space Available
      701-703 Canton St, Ogdensburg, NY 13669
      View Details
    • $12 SF/Yr
      54,562 SF

      Ogdensburg Retail Center

      Prime Retail Space Available, 1,580-10,000 SF
      2981 Ford Street Ext, Ogdensburg, NY 13669
      View Details
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    2981 Ford Street Ext
    Ogdensburg, NY 13669
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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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