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    For Sale (11)

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    Fully Occupied Syracuse Triplex
    $149,000
    2,382 SF

    Fully Occupied Syracuse Triplex

    Three-family property with positive cash flow and convenient access.

    3720 S Salina St, Syracuse, NY 13205
    View details
    Bushwick Multi-Family Investment Opportunity
    $999,987

    Bushwick Multi-Family Investment Opportunity

    Six-unit building in vibrant Bushwick, Brooklyn with strong rental income.

    1434 Greene Ave, New York, NY 11237
    View details
    Strathmore Area Duplex Opportunity
    $160,000
    2,480 SF

    Strathmore Area Duplex Opportunity

    Two 3-bedroom units with refinished hardwood floors and updates.

    403 Laforte Ave, Syracuse, NY 13207
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    Wooded Land with Creek, Garage
    $55,000
    7.10 Acres

    Wooded Land with Creek, Garage

    7-acre wooded land with creek and powered garage/shed.

    15196 State Route 104, Martville, NY 13111
    View details
    Spacious Multi-Family Brooklyn Home
    $1,795,000

    Spacious Multi-Family Brooklyn Home

    Large 6 bedroom, 3.5 bath home in Brooklyn.

    487 Hancock St, New York, NY 11233
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    Syracuse Multifamily Property with Upside
    $109,900
    2,160 SF

    Syracuse Multifamily Property with Upside

    Multifamily property in solid condition with immediate income potential.

    341-43 W Lafayette Ave, Syracuse, NY 13205
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    Oswego Duplex with Extra Lot
    $90,000
    1,274 SF

    Oswego Duplex with Extra Lot

    Duplex in Oswego, NY with investment and owner-occupant potential.

    68 Mitchell St, Oswego, NY 13126
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    Morris Park Detached Brick Tudor
    $1,299,000
    1,764 SF

    Morris Park Detached Brick Tudor

    Detached 5-bedroom, 3-bathroom home in Morris Park, Bronx.

    2033 Hering Ave, New York, NY 10461
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    Two-Family Home in Outer Sedgewick
    $213,000
    2,482 SF

    Two-Family Home in Outer Sedgewick

    Well-maintained two-family home with vacant unit and two-car garage.

    1215 Oak St, Syracuse, NY 13203
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    Well-Maintained Multifamily Property
    $149,900
    2,552 SF

    Well-Maintained Multifamily Property

    Three-unit multifamily property with solid rental income potential.

    1737-1739 Saint Paul St, Rochester, NY 14621
    View details
    Two-Family Home in Outer Sedgewick
    $213,000

    Two-Family Home in Outer Sedgewick

    Well-maintained two-family home with vacant unit for immediate occupancy.

    1215 Oak St, Syracuse, NY 13203
    View details

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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
    Real Broker NY LLC
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