Add Listing
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

    Fort Drum, NY

    • Hotels
    • 65,775 SF
    • 20.36 lot acres
    OFF-MARKET
    Value Estimations
    $2,875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5448948
    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

    • Hotels

    Property Details for Fort

    Year built
    2018
    Lot size
    20.36 lot acres
    Property size
    65,775 SF
    Property type
    Hotels
    APN
    224089 66.00-3-1.-702
    APU
    224089660031702

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $4,325,000
      Current use
      AUTO REPAIR, GARAGE
      $4,535,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $3,700,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Drum
    County
    Jefferson
    State
    New York
    Longitude
    -75.7502
    Latitude
    44.0621
    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
    $105,300
    $3,894,700
    $4,000,000
    -
    $112,021
    $4,143,298
    $4,255,319

    Comparable in this City

    • Value Estimation
      $2,020,000
      46,694 SF

      Ush 11, NY

      HOTEL • 46,694 SF
      5955, Ush 11, NY
      View Details
    • Value Estimation by Request
      28,000 SF

      Utopia Pkwy

      Hotels • 28,000 SF
      0 Utopia Pkwy, Queens, NY undefined
      View Details
    • Value Estimation
      $2,015,000
      48,616 SF

      Ush 11, NY

      HOTEL • 48,616 SF
      6000, Ush 11, NY
      View Details
    • Value Estimation by Request
      3,494 SF

      Cr, NY

      HOTEL • 3,494 SF
      19, Cr, NY
      View Details
    • Value Estimation by Request
      0.11 Acres

      Standpipe Rd, NY

      CAMPGROUND, RV PARK • 0.11 Acres
      Standpipe Rd, NY
      View Details
    • Value Estimation by Request
      3,657.20 Acres

      Trout Brook

      CAMPGROUND, RV PARK • 3,657.20 Acres
      Trout Brook, Rd, NY
      View Details

    Similar Nearby for Sale

    • $28,000,000
      28,000 SF

      Luxury Marriott Hotel Near JFK

      95-key Marriott, prime Queens location.
      0 Utopia Pkwy, Queens, NY undefined
      View Details
    • $62,000
      0.11 Acres

      Land in Picturesque Orangeburg, NY

      Land for sale in the heart of the Hudson Valley.
      37 Schuyler Rd, Blauvelt, NY
      View Details
    • Contact for pricing
      114,547 SF

      Large Site with Redevelopment Potential

      Large site in Queens with income and development potential.
      249-32 Horace Harding Expy, Queens, NY
      View Details
    • $1,800,000

      31.8 Acre Commercial Property

      Commercial property for development on 31.8 acres.
      17 B Royce Rd, White Lake, NY
      View Details
    • $35,000,000
      670,061 SF

      Syracuse Multifamily Portfolio for Sale

      Four multifamily properties with 835 units in Syracuse, NY.
      Multiple Addresses, Syracuse, NY
      View Details
    • Contact for pricing
      7,500 SF

      7,500 SF Flex Space

      7,500 SF flex space with highway visibility.
      22672 County Rte, Watertown, NY
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,278 SF

      Hudson Boulevard Office Space Available

      Office space available on Hudson Boulevard in New York.
      66 Hudson Blvd E, New York, NY
      View Details
    • Contact for pricing
      1,740 SF

      Pawling Retail Space For Rent

      Retail space available in a 30,000 SF shopping center.
      31 Ny-22, Pawling, NY
      View Details
    • Contact for pricing
      1,250 SF

      Prime Corner Retail Space Available

      Retail space in affluent Upper West Side location.
      2478-2490 Bdwy, New York, NY
      View Details
    • Contact for pricing
      1,187 SF

      Yorktown Retail Space For Lease

      Retail space available in renovated Yorktown shopping center.
      10 Triangle Shopping Ctr, Yorktown Heights, NY
      View Details
    • Contact for pricing
      1,000 SF

      Renovated Retail/Office Space Available

      Newly renovated retail/office space with private bathroom and signage.
      2769 Coney Is Ave, New York, NY
      View Details
    • Contact for pricing
      52,591 SF

      Industrial Space Near NYS Thruway

      52,591 SF industrial space for lease near NYS Thruway.
      6500 New Venture Gear Dr, Syracuse, NY
      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.
    Fort
    Drum, NY
    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.
    Sign Up Successful!
    You now have access to more from Realmo!