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Property profile & analytics
OFF-MARKET
Estimated value
$21,035,000
Community centers
103 Caroline St, Herkimer, NY 13350-1716
Entity Owned
15-yr Hold
Free & Clear
Property ID
US63-4486150
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1999
Total area
208,087 SF
Lot
18.72 ac (815,443 SF)
Zoning code
C2
APN
213001 120.32-3-1
UPID
US63-4486150
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
Current use
Occupant on record · Public records
-
SmartStyle Hair Salon Hair Salon
-
Da-Vi Nails Nail Salon
-
Vanessa N. Myers, Pharm Pharmacy
-
Labate Joseph J Pharmacy
-
Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.04M
Owner & transaction history
Widewaters Herkimer Co Ll · 15 yrs held
Widewaters Herkimer Co Ll
since 2011
1 recorded transaction
Zoning & alternative use
C2 · Herkimer, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Herkimer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Herkimer 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$21,880,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,765,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,085,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$14,115,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$13,400,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$21.04M
Range $18.93M – $23.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$101 / SF
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
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$637,270
Tax year 2020
Assessed value
$10,420,300
Assessed 2023
Previous assessed
$10,420,300
+0.0% YoY
Effective rate
6.12%
On assessed value
Assessed land
$54,200
Assessed improvement
$10,366,100
Land market value
$79,706
Improvement market value
$15,244,265
Total market value
$15,323,971
Applied tax rate
213,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
208,087 SF
Lot
18.72 ac (815,443 SF)
Zoning code
C2
APN
213001 120.32-3-1
UPID
US63-4486150
Jurisdiction
HERKIMER
Zoning & alternative use
C2 · Herkimer, NY
Zoning C2 · permitted uses
C2 · Herkimer, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Herkimer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$21.9M
AUTO REPAIR, GARAGE
Est. value
$18.8M
COMMERCIAL (GENERAL)
Est. value
$16.1M
WAREHOUSE, STORAGE
Est. value
$14.1M
RETAIL STORES
Est. value
$13.4M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
18.72 ac
Current owner
From public records · entity-resolved
Widewaters Herkimer Co Ll
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2011
—
Widewaters Herkimer Co Ll
Herkimer County Ida
Deed
—
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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