Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7081 State Rte 9th 9 Plattsburgh, NY 12901-7216
    Back to Search
    Property profile & analytics

    7081 State Rte 9th 9, Plattsburgh, NY 12901-7216

    View on Map
    • Turn key restaurants
    • 1,512 SF
    • 0.71 lot acres
    Off-Market
    Last Sale Nov 22, 2022
    $300,000
    Property ID
    US63-6181845
    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

    • Turn key restaurants

    Property Details for 7081 State Rte 9th 9

    Year built
    2012
    Lot size
    0.71 lot acres
    Zone code
    SC
    Property type
    Turn key restaurants
    APN
    094200 194.13-2-24
    APU
    9420019413224

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2022 — Patrick J Ajmo Patrick Ajmo Warranty Deed · related —
    Dec 22, 2010 $72,500 Patrick Ajmo Beskovic,kemal Grant Deed · related —
    May 2, 2005 $300,000 Kemal Beskovic Arena,salvatore Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plattsburgh
    County
    Clinton
    State
    New York
    Longitude
    -73.4388
    Latitude
    44.7235
    CBSA code
    38460
    CBSA name
    PLATTSBURGH, 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
    $63,400
    $116,600
    $180,000
    -
    $74,601
    $137,199
    $211,800

    Comparable in this City

    • Value Estimation
      $640,000
      6,667 SF

      356 Cornelia St

      RESTAURANT
      356 Cornelia St, Plattsburgh, NY 12901-2786
      View Details
    • Value Estimation
      $565,000
      11,970 SF

      15 Booth Dr

      RESTAURANT
      15 Booth Dr, Plattsburgh, NY 12901-6405
      View Details
    • Value Estimation by Request
      4,621 SF

      81 Ctr Dr

      RESTAURANT
      81 Ctr Dr, Plattsburgh, NY 12901-6553
      View Details
    • Value Estimation by Request
      2,220 SF

      600 State Rte 3rd 3

      RESTAURANT
      600 State Rte 3rd 3, Plattsburgh, NY 12901-6529
      View Details
    • Value Estimation by Request
      1,600 SF

      4704 State Rte 9th 9

      RESTAURANT
      4704 State Rte 9th 9, Plattsburgh, NY 12901-6035
      View Details
    • Value Estimation by Request
      6,731 SF

      32 Smithfield Blvd

      RESTAURANT
      32 Smithfield Blvd, Plattsburgh, NY 12901
      View Details

    Similar Nearby for Sale

    • $375,000
      2,248 SF

      Restaurant Property with Two Buildings

      70-seat restaurant rebuilt in 2012 plus office/storage building on 1.6 acres with easy-in/easy-out parking.
      4704 Rte 9 S, Plattsburgh, NY 12901
      View Details
    • $375,000
      4,383 SF

      Historic Restaurant & Residential Property

      Mixed-use property with restaurant space and residential apartments in Plattsburgh.
      20 Brinkerhoff St, Plattsburgh, NY 12901
      View Details
    • Contact for pricing
      2,248 SF

      Restaurant with Office and Storage

      Commercial property with restaurant, office, storage, and large parking.
      4704 State Route 9, Plattsburgh, NY 12901
      View Details
    • New
      $68,500

      Restaurant Suite in Retail Plaza

      Restaurant suite #20 located at the end of Plattsburgh Plaza, offering a straightforward setup for food service operators.
      310 Plattsburgh Plz, Plattsburgh, NY 12901
      View Details
    • Contact for pricing
      9,026 SF

      Plattsburgh Dollar General Investment Opportunity

      NNN Dollar General in Plattsburgh, NY with over 8 years remaining.
      4989 S Catherine St, Plattsburgh, NY 12901
      View Details
    • $1,950,000
      12,500 SF

      Plattsburgh Retail Investment Opportunity

      High-yield retail building with strong tenants.
      345 Cornelia St, Plattsburgh, NY 12901
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Former Restaurant Space on Route 3

      Former Friendly’s restaurant space for lease on Route 3.
      81 Centre Dr, Plattsburgh, NY 12901
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 4,722 square feet.
      81 Centre Dr, Plattsburgh, NY 12901
      View Details
    • $700 /Mo
      448 SF

      Plattsburgh Office Space For Lease

      Office space for lease, close to shopping and highway.
      91 Hammond Ln, Plattsburgh, NY 12901
      View Details
    • Contact for pricing

      Industrial Complex Near Montreal

      Industrial complex near highway and airport, 60 miles from Montreal.
      32 Power Dam Way, Plattsburgh, NY 12901
      View Details
    • Contact for pricing

      Commercial Land Near SUNY Plattsburgh

      Commercial land for rent near SUNY Plattsburgh.
      356 Cornelia St, Plattsburgh, NY 12901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7081 State Rte 9th 9
    Plattsburgh, NY 12901-7216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7081 State Rte 9th 9, Plattsburgh, NY, 12901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!