Individually Owned Property summary
This fee-simple industrial property in Plattsburgh, NY, offers a compelling investment opportunity. The 16,310-square-foot building, constructed in 1958 and situated on a 2.5-acre lot, is currently 100% occupied by a single tenant: United Rentals, a leading equipment rental company with a BB+ credit rating. The property features three buildings and ample parking (30 spaces). The lease is a Net Lease (NN) structure, with the tenant responsible for taxes, insurance, maintenance (interior and… non-structural), utilities, and minor parking lot repairs. The current lease has 2.5 years remaining, followed by two 5-year lease options with Fair Market Value (FMV) rent increases. Recent capital improvements exceeding $160,000 have been completed, including bathroom and conference room renovations, new flooring, fencing, drainage improvements, and a recently replaced roof (approximately 5 years old). The property boasts excellent access and visibility due to its frontage on Tom Miller Road and easy access to I-87. The asking price is $789,000, representing a 9.04% cap rate and a price per square foot of $48.38. The property is zoned for industrial use and presents a strong hedge against inflation given the FMV rent increases. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with a high-credit tenant and a favorable lease structure.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 9 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,600 SF
- Lot area
- 1.8 ac
- Year built
- 1958
- Stories
- 1
- APN
- 094200 207.10-1-23
- Zoning
- NC
- Assessed value · 2023
- $450,000
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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