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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
1062 State Rte 38, Owego, NY 13827-3209
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-4145869
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1908
Total area
7,200 SF
Lot
156.3 ac (6,808,428 SF)
Zoning code
ZONE
APN
493089 106.00-3-42.11
UPID
US63-4145869
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
V&s Ny Galvanizing LLC · 7 yrs held
V&s Ny Galvanizing LLC
since 2019
3 recorded transactions
Zoning & alternative use
ZONE · Owego, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$830,000
+34.3%
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 Owego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owego 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
OFFICE BUILDING
$620,000
Current use
RESTAURANT
$830,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$610,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$72 / 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 2019Property tax & assessments
Tax year 2019
Assessed value
$11,886,700
Assessed 2023
Previous assessed
$11,886,700
+0.0% YoY
Assessed land
$324,800
Assessed improvement
$11,561,900
Land market value
$601,481
Improvement market value
$21,410,926
Total market value
$22,012,407
Applied tax rate
493,001.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1908
Heating
NONE
Buildings
7
Stories
2
Total area
7,200 SF
Lot
156.3 ac (6,808,428 SF)
Zoning code
ZONE
APN
493089 106.00-3-42.11
UPID
US63-4145869
Jurisdiction
TIOGA
Zoning & alternative use
ZONE · Owego, NY
Zoning ZONE · permitted uses
ZONE · Owego, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Owego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$620,000
RESTAURANT
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$610,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1908
Heating
NONE
Stories
2
Buildings
7
Lot
156.3 ac
Current owner
From public records · entity-resolved
V&s Ny Galvanizing LLC
Entity
Free & Clear · 7 yrs held
Mailing address
56 MAIN ST, OWEGO, NY 13827-1585
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2019
—
V&s Ny Galvanizing LLC
Tioga County Ida
Other
—
Feb 9, 2007
—
Development Corporation Tioga Co Lo
Tioga County
Deed
—
Feb 9, 2007
$70,050
Upstate Shredding LLC
Development Corporation Tioga Co Lo
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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