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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Manufacturing properties
115 State Rte 104, Ontario, NY 14519-8957
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-5794707
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Total area
10,636 SF
Lot
18.11 ac (788,872 SF)
Zoning code
I
APN
543400 60117-00-996666
UPID
US63-5794707
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
$1.01M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$965k
Owner & transaction history
Schmieder Properties LLC · 2 yrs held
Schmieder Properties LLC
since 2023
Last sale
$925,000
5 recorded transactions
Zoning & alternative use
I · Ontario, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$795,000
+19.1%
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 Ontario submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ontario 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
$1,255,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$940,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$670,000
Current use
AUTO REPAIR, GARAGE
$795,000
Change: +19% · Conversion: Easy
RESTAURANT
$655,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $925k (Nov 27 2023)
Last sale anchor
$925k
Nov 27 2023
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
$91 / 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
$349,900
Assessed 2023
Previous assessed
$349,900
+0.0% YoY
Assessed land
$142,100
Assessed improvement
$207,800
Land market value
$169,167
Improvement market value
$247,381
Total market value
$416,548
Applied tax rate
543,401.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
1
Stories
1
Total area
10,636 SF
Lot
18.11 ac (788,872 SF)
Zoning code
I
APN
543400 60117-00-996666
UPID
US63-5794707
Jurisdiction
WAYNE
Zoning & alternative use
I · Ontario, NY
Zoning I · permitted uses
I · Ontario, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ontario. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$795,000
RESTAURANT
Est. value
$655,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1985
Heating
NONE
Stories
1
Buildings
1
Lot
18.11 ac
Current owner
From public records · entity-resolved
Schmieder Properties LLC
Entity
Mailing address
106 W MAIN ST, HONEOYE FALLS, NY 14472-1104
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
$925,000
Schmieder Properties LLC
Pin Oakproeprties LLC
Warranty Deed
$725,000 · Pin Oak Prop LLC
Nov 7, 2016
—
Pin Oak Properties LLC
Touloupas,george
Grant Deed
—
Aug 18, 2008
$230,000
George Taulaupas
Dreher Family Trust
Grant Deed
—
Aug 29, 2006
$368,754
Dreher,donald A & Rose E Tr
Wahl,peter J
Warranty Deed
—
Jan 12, 2005
—
Peter J Wahl
Wahl,robert A
Quit Claim 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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