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425 Washington St 5,506 SF Office Building Watertown, NY 13601 $1,229,832 CAD ($223.36 CAD/SF) 6.80% Cap Rate
Executive Summary
Steady as they come and heavy increases remain on this lease through 2033. Great bones, mechanicals either replaced or in excellent working order along with a new roof in 2018. Prime location in Watertown, NY! Proof of funds required prior to scheduling a showing or request for DD items.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$116,280
|
$21.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,280
|
$21.12
|
| Taxes |
$13,272
|
$2.41
|
| Operating Expenses |
$19,932
|
$3.62
|
| Total Expenses |
$33,204
|
$6.03
|
| Net Operating Income |
$83,076
|
$15.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $116,280 |
| Annual Per SF | $21.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $116,280 |
| Annual Per SF | $21.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,272 |
| Annual Per SF | $2.41 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,932 |
| Annual Per SF | $3.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,204 |
| Annual Per SF | $6.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $83,076 |
| Annual Per SF | $15.09 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,506 SF
Building Class
B
Year Built
1960
Price
$1,229,832 CAD
Price Per SF
$223.36 CAD
Cap Rate
6.80%
NOI
$83,608 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,753 SF
Slab To Slab
9’
Building FAR
0.25
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
LB
Parking
22 Spaces (4 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Mental Health Association
- Services
- -
- $16.42 CAD
- Triple Net
- Jan 2022
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Mental Health Association | Services | - | $16.42 CAD | Triple Net | Jan 2022 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 221800-011-000-0003-210-000-0000 | Total Assessment | $458,827 CAD |
| Land Assessment | $93,708 CAD | Annual Taxes | $13,272 CAD ($2.41 CAD/SF) |
| Improvements Assessment | $365,119 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
221800-011-000-0003-210-000-0000
Land Assessment
$93,708 CAD
Improvements Assessment
$365,119 CAD
Total Assessment
$458,827 CAD
Annual Taxes
$13,272 CAD ($2.41 CAD/SF)
Tax Year
2025
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Presented by
Marble Key Realty Llc
425 Washington St
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