Technical
Financial
Distress signals
Property profile

4 Harrowgate Cmns Massena, NY 13662

OFF-MARKET
Office buildings
Property ID
US63-2767889
10,445 SF 3.3 ac lot Built 2012
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 15,000 square foot commercial property, situated on a 3.3-acre lot at 4 Harrowgate Commons in Massena, NY, presents a compelling investment opportunity. Currently leased to a government agency under a long-term, lucrative lease agreement demonstrating a strong commitment to continued occupancy, this property is in excellent condition and requires no deferred maintenance. The current cap rate stands at 2.8%, offering a stable and predictable income stream. Detailed financial information, including lease terms and projected returns, is available upon request. It's important to note that this property is one of five within a larger portfolio. Three properties in the portfolio are leased to government agencies, one to a medical facility, and one comprises five duplex units. The entire portfolio is available for purchase at a discounted price, presenting a unique opportunity for significant economies of scale and diversified investment. This property offers a rare chance to acquire a well-maintained, high-performing asset with a secure tenant and strong potential for long-term growth. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2012
Total area 10,445 SF
Lot 3.3 ac (143,748 SF)
Zoning code HC
APN 405801 9.075-7-29.112
UPID US63-2767889

Cap rate & NOI

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

Location

4 Harrowgate Cmns Massena, NY 13662-2201
Massena metro Census 490200 OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$1.24M

Owner & transaction history

Zoning & alternative use

HC · Massena, NY
Top alternative use upside
Retail stores $1.2M +41.5%
Commercial (general) $1.0M +27.2%
Restaurant $945,000 +16.3%

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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