Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8 City Hall Pl Plattsburgh, NY 12901-3172

    • Investment properties
    • 2,620 SF
    • 0.01 lot acres
    OFF-MARKET
    Last Sale
    Jul 24, 2020
    $195,000
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1121272
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 8 City Hall Pl

    Year built
    1965
    Lot size
    0.01 lot acres
    Property size
    2,620 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    091300 207.20-7-9
    APU
    913002072079

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $220,000
      ML approach
      $220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $213,000
      Market price range: $127k - $225k
      AI Estimate
      $271,000
      Market price range: $120k - $320k

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

    Location Insight

    • Map
    • Local Demand
    City
    Plattsburgh
    County
    Clinton
    State
    New York
    Longitude
    -73.452
    Latitude
    44.6979
    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
    $4,600
    $190,400
    $195,000
    -
    $4,600
    $190,400
    $195,000

    Comparable in this City

    • Value Estimation
      $240,000
      1,188 SF

      7158 State Rte 9th 9

      OFFICE/RESIDENTIAL (MIXED USE) • 1,188 SF
      7158 State Rte 9th 9, Plattsburgh, NY 12901-7221
      View Details
    • Value Estimation
      $235,000
      1,289 SF

      2 Durkee St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,289 SF
      2 Durkee St, Plattsburgh, NY 12901-2911
      View Details
    • Value Estimation
      $300,000
      6,580 SF

      13 Mckinley Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,580 SF
      13 Mckinley Ave, Plattsburgh, NY 12901
      View Details
    • Value Estimation
      $270,000
      4,818 SF

      17 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,818 SF
      17 Brg St, Plattsburgh, NY 12901-2932
      View Details
    • Value Estimation
      $230,000
      3,864 SF

      104 Montcalm Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,864 SF
      104 Montcalm Ave, Plattsburgh, NY 12901-1535
      View Details
    • Value Estimation
      $305,000
      6,688 SF

      62 Brinkerhoff St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,688 SF
      62 Brinkerhoff St, Plattsburgh, NY 12901-2949
      View Details

    Similar Nearby for Sale

    • $460,000
      3,208 SF

      Plattsburgh Mixed-Use Investment Opportunity

      Prime Plattsburgh location, versatile zoning.
      184 Tom Miller Rd, Plattsburgh, NY 12901
      View Details
    • $650,000
      11.00 Acres

      Plattsburgh Commercial Land - 11 Acres

      Prime 11-acre commercial lot, ideal for development.
      328 Cornelia St, Plattsburgh, NY 12901
      View Details
    • $1,250,000
      10,508 SF

      Multi-Business Plattsburgh Retail Center

      High-Return Retail Investment, 10,508 SF
      6114 State Route 22, Plattsburgh, NY 12901
      View Details
    • $595,000
      2,100 SF

      Prime Plattsburgh Liquor Store

      Established Liquor Store, High Traffic Area
      55 Smithfield Blvd, Plattsburgh, NY 12901
      View Details
    • $789,000
      16,310 SF

      Plattsburgh Industrial Investment

      16,310 SF, 9.04% Cap Rate, NN Lease
      7 Halsey Ct, Plattsburgh, NY 12901
      View Details
    • $40,000
      1,600 SF

      Plattsburgh Turnkey Business Duo

      Established Businesses, High Inventory, Great Value
      15 Weed St, Plattsburgh, NY 12901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      550,000 SF

      Imperial Industrial Park: Plattsburgh, NY

      550,000 SF Industrial Space Available
      32 Power Dam Way, Plattsburgh, NY 12901
      View Details
    • $5 SF/Yr
      20,270 SF

      Plattsburgh Industrial Space For Rent

      Industrial space with dock doors and high ceilings in Plattsburgh.
      327 Cornelia St, Plattsburgh, NY 12901
      View Details
    • $1.00 SF/Yr
      20,270 SF

      Retail Space in Plattsburgh Corridor

      Retail space with high ceilings in a busy Plattsburgh plaza.
      327 Cornelia St, 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
    • $25 SF/Yr
      4,722 SF

      Plattsburgh Retail Space For Lease

      Prime Plattsburgh location, 4,722 sq ft.
      81 Centre Dr, Plattsburgh, NY 12901
      View Details
    • $700 /Mo
      448 SF

      Plattsburgh Office Space For Lease

      Office space available for lease in Plattsburgh, New York.
      91 Hammond Ln, Plattsburgh, NY 12901
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      3.2k
    • Avg Time on site
      37 min
    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.
    8 City Hall Pl
    Plattsburgh, NY 12901-3172
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.