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Property profile & analytics
FOR SALE
Office buildings
71 Market St, Potsdam, NY 13676
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2402779
For Sale
1 / 37
$499,000
71 Market St, Potsdam, NY 13676
View Listing →
Property summary
AI-generated overview
This exceptional 7,500 square foot brick commercial building in Potsdam, NY, presents a turnkey investment opportunity. Boasting excellent street visibility, the property features four currently rented spaces, offering immediate income potential. Three front-facing units provide diverse layouts, including reception areas, multiple offices, conference rooms, kitchenettes, and ample storage. One unit features a large open area, perfect for various uses. The rear of the building houses a dance studio with high ceilings and a separate room, plus a heated warehouse with a loading dock and man door access to the rear parking lot. Additional features include shared tenant bathrooms and a utility room. The building's design allows for potential expansion with a second story, offering significant future development possibilities. The sale includes only the building
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
7,315 SF
Lot
0.37 ac (15,910 SF)
Zoning code
01 - NOT ZONED
APN
407403 64.058-3-14
UPID
US63-2402779
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
All About Me Orthotics & Prosthetics Service
-
The Robot Zone Engineering Consultant After School Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William G Melchior · 1 yrs held
William G Melchior
since 2024
2 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Potsdam, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Potsdam submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Potsdam submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$190,000
Assessed 2023
Previous assessed
$190,000
+0.0% YoY
Assessed land
$37,400
Assessed improvement
$152,600
Land market value
$50,541
Improvement market value
$206,216
Total market value
$256,757
Applied tax rate
407,402.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1950
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
7,315 SF
Lot
0.37 ac (15,910 SF)
Zoning code
01 - NOT ZONED
APN
407403 64.058-3-14
UPID
US63-2402779
Jurisdiction
ST LAWRENCE
Zoning & alternative use
01 - NOT ZONED · Potsdam, NY
Zoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Potsdam, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Potsdam. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
William G Melchior
Individual
Mailing address
PO BOX 306, HANNAWA FALLS, NY 13647-0306
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2024
—
William G Melchior
—
Deed
related
$320,000 · Commerce Bank NA
—
—
Melchior,william G SR
—
Loan Modification
related
$320,000 · Community Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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