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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
1078 State Hwy 217 Hillsdale, NY 12529
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US63-3520635
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1969
Total area
3,161 SF
Lot
1.05 ac (45,738 SF)
Zoning code
07 - MIXED
APN
102889 113.-1-20.120
UPID
US63-3520635
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
$570k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$570k
Owner & transaction history
Philmont Management Corp · 21 yrs held
Philmont Management Corp
since 2005
Last sale
$570,000
3 recorded transactions
Zoning & alternative use
07 - MIXED · Hillsdale, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$400,000
+20.3%
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 Hillsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsdale 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
$570,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$400,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $570k (Dec 27 2024)
Last sale anchor
$570k
Dec 27 2024
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
$180 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,410
Tax year 2021
Assessed value
$511,000
Assessed 2023
Previous assessed
$511,000
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$35,300
Assessed improvement
$475,700
Land market value
$46,447
Improvement market value
$625,921
Total market value
$672,368
Applied tax rate
102,801.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,161 SF
Lot
1.05 ac (45,738 SF)
Zoning code
07 - MIXED
APN
102889 113.-1-20.120
UPID
US63-3520635
Jurisdiction
COLUMBIA
Zoning & alternative use
07 - MIXED · Hillsdale, NY
Zoning 07 - MIXED · permitted uses
07 - MIXED · Hillsdale, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$400,000
COMMERCIAL (GENERAL)
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
1969
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Philmont Management Corp
Entity
Mailing address
PO BOX 817, PHILMONT, NY 12565-0817
Ownership since
2005
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
Jan 27, 2005
$125,000
Philmont Management Corp
Potrzeba,robert
Grant Deed
$100,000 · Bankers Healthcare Grp INC
—
—
Tareq Khalifeh
—
Deed Of Trust
related
$125,000 · Sky Bank
—
—
Philmont Management Corp
—
Deed Of Trust
related
$290,000 · Bank Of America
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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