Property profile

812 State St Watertown, NY 13601

OFF-MARKET
Investment properties
Property ID
US63-3881621
3,359 SF 0.31 ac lot Built 1960
Individually Owned ~ Est. High Equity
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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

Location

812 State St Watertown, NY 13601-2843
Watertown metro Census 62100 WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

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
Zoning description

Neighborhood Mixed Use (NMU). The NMU district creates vibrant corridors on arterial and collector roads at the edges of residential neighborhoods that allow for a mix of residential dwelling unit types, commercial servi…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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