Property profile

633 Mill St Watertown, NY 13601

FOR LEASE
Other specialty properties
Property ID
US63-5544286
9,600 SF 1.71 ac lot Built 1970
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The former Northside Improvement League building is a metal shell structure on grade measuring 80' x 120' (approximately 9,600 ± SF) with an EDPM roof. The building has a clear span area estimated at 12'–14' and is serviced with 400 amp, 3-phase electrical service. Public water and sewer service are available. The site provides frontage for general visibility and offers roadway access suitable for light commercial or industrial use, and the interior is configured as a shell that can be renovated to accommodate leasing arrangements.

Property profile

Verified
Property type Other specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1970
Total area 9,600 SF
Lot 1.71 ac (74,488 SF)
Zoning code NMU
APN 221800 2-05-110.100
UPID US63-5544286

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency

Location

633 Mill St Watertown, NY 13601
Watertown metro Census 61400 WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2022
Last sale
$357,000
1 recorded transaction
2022
$357,000

Zoning & alternative use

NMU · Watertown, NY
Zoning description

Neighborhood Mixed Use (NMU). The NMU district creates vibrant corridors on arterial and collector roads at the edges of residential neighborhoods that allow for a mix of residential dwelling unit types, commercial servi…

General category MIXED_USE

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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