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    For Sale (13)

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    Historic Adirondack Craftsmanship Home
    $899,888
    7,000 SF

    Historic Adirondack Craftsmanship Home

    Over 7,000 sq ft of historic Adirondack craftsmanship.

    143 Averyville Ln, Lake Placid, NY 12946
    View details
    Brooklyn Multifamily Colonial with Income
    $2,399,888
    3,200 SF

    Brooklyn Multifamily Colonial with Income

    Legal 4-family with six apartments near Prospect Lefferts Garden.

    354 Rutland Rd, Brooklyn, NY 11225
    View details
    Renovated Two-Family Home, Assumable Mortgage
    $899,888
    1,796 SF

    Renovated Two-Family Home, Assumable Mortgage

    Updated two-family home in Malverne with assumable 2.8% mortgage.

    2 Birch Rd, Malverne, NY 11565
    View details
    Saratoga Springs Buildable Corner Lot
    $279,888
    0.26 Acres

    Saratoga Springs Buildable Corner Lot

    Prime 0.26-acre corner lot in Saratoga Springs' West Side.

    227 W Circular St, Saratoga Springs, NY 12866
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    Historic Adirondack Multi-Unit Property
    $895,888
    6,000 SF

    Historic Adirondack Multi-Unit Property

    Spacious property with rental opportunity, equestrian facilities, and workshop.

    143 Averyville Ln, Lake Placid, NY 12946
    View details
    Renovated Two-Family Home with Lake View
    $310,000
    1,785 SF

    Renovated Two-Family Home with Lake View

    Turnkey, renovated 5-bedroom home with rental income potential.

    1209 State Rte 22, Loch Sheldrake, NY 12759
    View details
    Updated Legal 4-Family Building
    $2,399,888
    3,200 SF

    Updated Legal 4-Family Building

    Legal 4-family building with six apartments and high rental income.

    354 Rutland Rd, Brooklyn, NY 11225
    View details
    Renovated Two-Family Home with Lake View
    $329,888
    1,785 SF

    Renovated Two-Family Home with Lake View

    Turnkey, renovated 5-bedroom home with rental income potential.

    1209 State Route 52, Loch Sheldrake, NY 12759
    View details
    Deposit, NY Duplex Opportunity
    $139,888
    2,100 SF

    Deposit, NY Duplex Opportunity

    Duplex in Deposit, NY. Vacant, with separate utilities.

    5-7 Wheeler St, Deposit, NY 13754
    View details
    Binghamton Multi-Family Fixer-Upper
    $119,888
    1,798 SF

    Binghamton Multi-Family Fixer-Upper

    Two-unit investment property needing renovation with significant potential.

    7 Charlotte St, Binghamton, NY 13905
    View details
    Raw Land in Bethel, NY
    $49,888
    2.63 Acres

    Raw Land in Bethel, NY

    2.63 acres to build your dream home in Catskills.

    Roslyn Rdg Rd, Bethel, NY 12720
    View details
    Renovated Two-Family Home in Malverne
    $899,888
    1,796 SF

    Renovated Two-Family Home in Malverne

    Updated two-family home with assumable mortgage and income potential.

    00 Unknown, Malverne, NY 11565
    View details
    Saratoga Springs Buildable Corner Lot
    $279,888
    0.26 Acres

    Saratoga Springs Buildable Corner Lot

    0.26-acre corner lot in Saratoga Springs' West Side.

    227 W Circilar St, Saratoga Springs, NY 12866
    View details

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    Lombardo Homes & Estates
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    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
    Lombardo Homes & Estates
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