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

    8723 Noble St Evans Mills, NY 13637

    • Warehouses
    • 4,486 SF
    • 5.20 lot acres
    OFF-MARKET
    Last Sale
    May 15, 2024
    Value Estimations
    $140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1615514
    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

    • Isalis / Women'S Clothing Store / Jewelry Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 8723 Noble St

    Year built
    1920
    Lot size
    5.20 lot acres
    Property size
    4,486 SF
    Zone code
    GB
    Property type
    Warehouses
    APN
    224003 55.71-2-14
    APU
    2240035571214

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $108,000
      Market price range: $94.2k - $323k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $135,000
      Current use
      AUTO REPAIR, GARAGE
      $215,000
      Change: +57% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans Mills
    County
    Jefferson
    State
    New York
    Longitude
    -75.8102
    Latitude
    44.0874
    CBSA code
    48060
    CBSA name
    WATERTOWN-FORT DRUM, 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
    $39,300
    $40,300
    $79,600
    -
    $41,809
    $42,872
    $84,681

    Comparable in this City

    • Value Estimation
      $550,000
      44,934 SF

      8772 Factory St

      WAREHOUSE, STORAGE • 44,934 SF
      8772 Factory St, Evans Mills, NY 13637-3231
      View Details
    • Value Estimation
      $545,000
      41,900 SF

      26050 Us Rte 11

      BULK STORAGE, TANKS • 41,900 SF
      26050 Us Rte 11, Evans Mills, NY 13637
      View Details
    • Value Estimation
      $290,000
      3,081 SF

      8729 Main St

      WAREHOUSE, STORAGE • 3,081 SF
      8729 Main St, Evans Mills, NY 13637
      View Details
    • Value Estimation
      $205,000
      748 SF

      26842 Holbrook Rd

      BULK STORAGE, TANKS • 748 SF
      26842 Holbrook Rd, Evans Mills, NY 13637-3223
      View Details
    • Value Estimation
      $205,000
      37.69 Acres

      23685 Nys Rte 12

      STORAGE YARD (JUNK, SALVAGE) • 37.69 Acres
      23685 Nys Rte 12, Evans Mills, NY 13637
      View Details
    • Value Estimation
      $155,000
      4,872 SF

      28787 Martin N Rd

      WAREHOUSE, STORAGE • 4,872 SF
      28787 Martin N Rd, Evans Mills, NY 13637-3242
      View Details

    Similar Nearby for Sale

    • $244,900
      18.81 Acres

      Evans Mills Land with Shop

      18+ acre property with shop near Evans Mills, NY.
      28483 County Rte 32, Evans Mills, NY 13637
      View Details
    • Contact for pricing

      Development Parcel on US Route

      1-14 acre development parcel with signal access.
      26160 Us Route 11, Evans Mills, NY 13637
      View Details
    • $36,000
      3.19 Acres

      Corner Lot Ready to Build

      Level 3.19-acre corner lot near Ft. Drum and Watertown.
      Elm Ridge Rd, Evans Mills, NY 13637
      View Details
    • $175,000

      Commercial Land on Route 11

      Nearly one-acre commercial land with high visibility on Route 11.
      26098 Us Route 11, Calcium, NY 13637
      View Details
    • $77,000

      Large Wooded Acreage Opportunity

      Spacious wooded land available in Le Ray, New York.
      28381 Us Route 11, Le Ray, NY 13637
      View Details
    • $100,000
      11.00 Acres

      Evans Mills Commercial Land Parcel

      Versatile 11-acre parcel near Watertown, ideal for development or recreation.
      New York State Rte 12, Evans Mills, NY 13637
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,447 SF

      Medical/Office Suites For Rent

      Professional medical/office suites available in modern building.
      26908 Independence Way, Evans Mills, NY 13637
      View Details
    • Contact for pricing

      Prime Development Land for Lease

      4-acre commercial land for lease on Route 11.
      Us Route 11, Evans Mills, NY 13637
      View Details
    • Contact for pricing

      Prime LeRay Development Land

      1.5-acre commercial site, high traffic.
      25369 Us-11, Evans Mills, NY 13637
      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.
    8723 Noble St
    Evans Mills, NY 13637
    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.