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Property profile & analytics
OFF-MARKET
Office buildings
1105 Driving Park Ave Newark, NY 14513-1069
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-0410493
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Total area
5,040 SF
Lot
0.5 ac (21,780 SF)
Zoning code
B1
APN
542001 68111-09-209506
UPID
US63-0410493
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
-
Reed Eye Associates - Newark Physician
-
Weisenreder Patricia W OD 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
by Request
Owner & transaction history
Grhs Foun INC · 6 yrs held
Grhs Foun INC
since 2019
6 recorded transactions
Zoning & alternative use
B1 · Newark, 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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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
—
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
$800,000
Assessed 2023
Previous assessed
$800,000
+0.0% YoY
Assessed land
$70,000
Assessed improvement
$730,000
Land market value
$109,375
Improvement market value
$1,140,625
Total market value
$1,250,000
Applied tax rate
542,001.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2013
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,040 SF
Lot
0.5 ac (21,780 SF)
Zoning code
B1
APN
542001 68111-09-209506
UPID
US63-0410493
Jurisdiction
WAYNE
Zoning & alternative use
B1 · Newark, NY
Zoning B1 · permitted uses
B1 · Newark, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newark. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Grhs Foun INC
Entity
Free & Clear · 6 yrs held
Mailing address
100 KINGS HWY S, ROCHESTER, NY 14617-5504
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Grhs Foundation INC
—
Deed
related
$201,170 · M & T Bank
Jan 16, 2020
—
Grhs Foun INC
—
Deed
related
$9,105,000 · M&t Bk
Sep 4, 2019
$819,000
Grhs Foun INC
Newark Props LLC
Grant Deed
—
Dec 5, 2011
$70,000
Newark Props LLC
James,joann C
Grant Deed
—
Jul 8, 2010
—
Joann C James
James,michael W
Quit Claim Deed
related
—
—
—
Grhs Foun INC
—
Deed Of Trust
related
$9,105,000 · M&t Bk
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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