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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Industrial properties
1109 State Rte 4th 4 Fort Edward, NY 12828-2825
Entity Owned
15-yr Hold
Free & Clear
Property ID
US63-0388836
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Total area
22,693 SF
Lot
3 ac (130,680 SF)
Zoning code
04 - FARM
APN
533089 203.18-2-1
UPID
US63-0388836
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
$2.16M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.91M
Owner & transaction history
FORT MILLER CO INC
FORT MILLER CO INC
Zoning & alternative use
04 - FARM · Fort Edward, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+109.2%
Retail stores
$2.8M
+104.5%
Office building
$2.3M
+69.5%
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 Fort Edward submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Edward 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%
$2,340,000
6.5%
$2,160,000
7%
$2,005,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,375,000
Current use
RESTAURANT
$2,870,000
Change: +109% · Conversion: Difficult
RETAIL STORES
$2,810,000
Change: +105% · Conversion: Moderate
OFFICE BUILDING
$2,325,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,965,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,715,000
Change: +25% · Conversion: Easy
WAREHOUSE, STORAGE
$1,325,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±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
$84 / 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
$850,000
Assessed 2023
Previous assessed
$850,000
+0.0% YoY
Assessed land
$63,000
Assessed improvement
$787,000
Land market value
$63,000
Improvement market value
$787,000
Total market value
$850,000
Applied tax rate
415,001.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
3
Stories
2
Total area
22,693 SF
Lot
3 ac (130,680 SF)
Zoning code
04 - FARM
APN
533089 203.18-2-1
UPID
US63-0388836
Jurisdiction
WASHINGTON
Zoning & alternative use
04 - FARM · Fort Edward, NY
Zoning 04 - FARM · permitted uses
04 - FARM · Fort Edward, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Edward. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1970
Heating
NONE
Stories
2
Buildings
3
Lot
3 ac
Current owner
From public records · entity-resolved
FORT MILLER CO INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 98, SCHUYLERVILLE, NY 12871-0098
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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