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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Office buildings
12 Hemphill Pl, Malta, NY 12020-4517
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-3454484
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
5,288 SF
Lot
1.37 ac (59,677 SF)
Zoning code
PDD
APN
414089 229.4-2-30.41
UPID
US63-3454484
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
-
Picture Jesus With Us Church Mosque
-
United States Postal Service Logistics Service Money Order Service
-
Pro Performance Contracting LLC Construction Company General Contractor
-
Adirondack Learning Academy Training Center Tutoring Service
-
Fire Information Systems (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$990k
Owner & transaction history
Apif Ny LLC · 2 yrs held
Apif Ny LLC
since 2024
Last sale
$990,000
3 recorded transactions
Zoning & alternative use
PDD · Malta, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+34.2%
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 Malta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malta 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
$990,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,055,000
Current use
RESTAURANT
$1,415,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$850,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $990k (Jan 10 2024)
Last sale anchor
$990k
Jan 10 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
$187 / 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
$550,000
Assessed 2023
Previous assessed
$520,000
+5.8% YoY
Assessed land
$308,300
Assessed improvement
$241,700
Land market value
$308,300
Improvement market value
$241,700
Total market value
$550,000
Applied tax rate
414,201.0000
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
1989
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,288 SF
Lot
1.37 ac (59,677 SF)
Zoning code
PDD
APN
414089 229.4-2-30.41
UPID
US63-3454484
Jurisdiction
SARATOGA
Zoning & alternative use
PDD · Malta, NY
Zoning PDD · permitted uses
PDD · Malta, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$850,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1989
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Apif Ny LLC
Entity
Free & Clear · 2 yrs held
Mailing address
950 TOWER LNSTE80, FOSTER CITY, CA 94404-2121
Ownership since
2024
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 10, 2024
$990,000
Apif Ny LLC
Parade Ground Village
Warranty Deed
—
—
—
Parade Ground Village
—
Deed Of Trust
related
$700,000 · Ballston Spa National Bank
—
—
Parade Ground Village
—
Deed Of Trust
related
$230,172 · Ballston Spa National Bank
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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