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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Medical Office Space
1070 Luther Rd, East Greenbush, NY 12061-4020
Individually Owned
9-yr Hold
Free & Clear
Property ID
US63-3349601
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1997
Total area
130,876 SF
Lot
26.03 ac (1,133,867 SF)
Zoning code
R-2
APN
382400 155.-7-3.111
UPID
US63-3349601
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
-
EverGreen Commons Rehabilitation and Nursing Center Nursing Home
-
Comber Anne Marie Physician Medical Clinic
-
Rehabitat Nursing Home
-
Porter Ingrid Nana MD Physician
-
Dr. Blessing Isiguzo Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
Town Of East Greenbush · 9 yrs held
Town Of East Greenbush
since 2017
3 recorded transactions
Zoning & alternative use
R-2 · East Greenbush, 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 East Greenbush submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Greenbush 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$19 / 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
Property tax & assessments
Assessed value
$13,000,000
Assessed 2023
Previous assessed
$13,000,000
+0.0% YoY
Assessed land
$124,300
Assessed improvement
$12,875,700
Land market value
$154,640
Improvement market value
$16,018,537
Total market value
$16,173,177
Applied tax rate
382,401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
130,876 SF
Lot
26.03 ac (1,133,867 SF)
Zoning code
R-2
APN
382400 155.-7-3.111
UPID
US63-3349601
Jurisdiction
RENSSELAER
Zoning & alternative use
R-2 · East Greenbush, NY
Zoning R-2 · permitted uses
R-2 · East Greenbush, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Greenbush. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
26.03 ac
Current owner
From public records · entity-resolved
Town Of East Greenbush
Individual
Free & Clear · 9 yrs held
Mailing address
1070 LUTHER RD, EAST GREENBUSH, NY 12061-4020
Ownership since
2017
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
Apr 6, 2017
$1,700
Town Of East Greenbush
1070 Luther Road LLC
Grant Deed
related
—
May 17, 2016
$15,585,821
1070 Luther Road LLC
Titterton Properties LLC
Grant Deed
—
Jun 28, 2004
—
Titterton Properties LLC
Eden Park Realty Corp
Warranty Deed
related
—
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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