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Property profile & analytics
OFF-MARKET
Mobile home & RV parks
887 Leray St Watertown, NY 13601
Individually Owned
Absentee Owner
Free & Clear
Property ID
US63-3160337
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1987
Total area
2,160 SF
Lot
5.7 ac (248,292 SF)
Zoning code
PC
APN
221800 1-06-103.000
UPID
US63-3160337
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
JON C LENNOX
JON C LENNOX
Zoning & alternative use
PC · Watertown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
cation of Districts A. The City of Watertown is hereby divided into the following districts: 1. Residential - R 2. Neighborhood Mixed Use- NMU 3. Urban Mixed Use- UMU 4. Commercial - C 5. Downtown- D 6. Planned Campus - PC 7. Industrial- I 8. Parks and Open Space - P&OS 9. Waterfront Overlay - WFO 15 City of Watertown Zoning Update February 2023 10. City Cen…
Zone name
Planned Campus
General category
CIVIC_INSTITUTIONAL
Zone area
719.23 ac
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 Watertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watertown 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
$914,000
Assessed 2023
Previous assessed
$914,000
+0.0% YoY
Assessed land
$57,000
Assessed improvement
$857,000
Land market value
$68,674
Improvement market value
$1,032,526
Total market value
$1,101,200
Applied tax rate
221,800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1987
Heating
ELECTRIC
Buildings
19
Stories
1
Bathrooms
1
Total area
2,160 SF
Lot
5.7 ac (248,292 SF)
Zoning code
PC
APN
221800 1-06-103.000
UPID
US63-3160337
Jurisdiction
JEFFERSON
Zoning & alternative use
PC · Watertown, NYZoning PC · permitted uses
PC · Watertown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
cation of Districts A. The City of Watertown is hereby divided into the following districts: 1. Residential - R 2. Neighborhood Mixed Use- NMU 3. Urban Mixed Use- UMU 4. Commercial - C 5. Downtown- D 6. Planned Campus - PC 7. Industrial- I 8. Parks and Open Space - P&OS 9. Waterfront Overlay - WFO 15 City of Watertown Zoning Update February 2023 10. City Center Overlay - CCO Sec. 310-12 District Purpose Residential (R). Residential neighb
Zone name
Planned Campus
General category
CIVIC_INSTITUTIONAL
Zone area
719.23 ac
Building & site characteristics
From public records
Year built
1987
Heating
ELECTRIC
Stories
1
Buildings
19
Bathrooms
1
Lot
5.7 ac
Current owner
From public records · entity-resolved
JON C LENNOX
Individual
Free & Clear · 0 yrs held
Mailing address
555 STATE ST, WATERTOWN, NY 13601-2724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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