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Property profile & analytics
OFF-MARKET
Investment properties

812 State St Watertown, NY 13601-2843

3,359 SF 0.31 ac lot Built 1960
Individually Owned ~ Est. High Equity
Property ID
US63-3881621
Property summary
AI-generated overview

This exceptional 5,138 square foot commercial building, situated on a 0.31-acre lot at 812 State Street in Watertown, NY, presents a remarkable investment opportunity. Currently vacant, this property offers unparalleled flexibility for a variety of business ventures. The building's layout includes two distinct units, previously used as an accountant's office and a residential apartment. The lower unit, boasting 1500 square feet, generated a monthly rental income of $1500, while the upper unit, at 925 square feet, commanded $925 per month. This translates to significant potential for steady rental income, allowing the property to pay for itself and more. The building features a clean and updated interior, separate heating and central air conditioning systems for optimal climate control in each unit, and ample parking for tenants and clients. Its location in a high-visibility business district ensures maximum exposure and accessibility. This property is ideal for owner-occupancy, allowing you to operate your business from the lower level while residing in the upper unit, or for generating substantial passive income through leasing both units. Don't miss this chance to acquire a prime commercial property in a thriving Watertown location. The combination of high visibility, ample parking, updated interior, and strong rental history makes this an exceptional investment.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1960
Total area 3,359 SF
Lot 0.31 ac (13,320 SF)
Zoning code NMU
APN 221800 12-06-323.000
UPID US63-3881621
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Samuel May
Samuel May
since 2025
Last sale
$190,125
6 recorded transactions
2025
$190,125
2024
$210,000
2020
Price N/A
2019
$45,000
2011
$143,000
1969
Price N/A
Zoning & alternative use
NMU · Watertown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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