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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
121 Herkimer Rd, Utica, NY 13502-2311
Individually Owned
3-yr Hold
Free & Clear
Property ID
US63-0080409
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
18,069 SF
Lot
2.35 ac (102,366 SF)
APN
301600 307.14-1-37
UPID
US63-0080409
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
-
ALDI Specialty Food Shop Supermarket
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
Willard & Ida Lee Irt · 3 yrs held
Willard & Ida Lee Irt
since 2023
Last sale
$130,000
7 recorded transactions
Zoning & alternative use
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 Utica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Utica 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
$747,180
Assessed 2023
Previous assessed
$747,180
+0.0% YoY
Assessed land
$160,000
Assessed improvement
$587,180
Land market value
$372,093
Improvement market value
$1,365,535
Total market value
$1,737,628
Applied tax rate
301,600.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
18,069 SF
Lot
2.35 ac (102,366 SF)
APN
301600 307.14-1-37
UPID
US63-0080409
Jurisdiction
ONEIDA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Willard & Ida Lee Irt
Individual
Free & Clear · 3 yrs held
Mailing address
121 HERKIMER RD, UTICA, NY 13502-2311
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Willard & Ida Lee Irt
Willard & Ida Lee Irt
Warranty Deed
related
—
Sep 11, 2020
$130,000
Confluence Investments LLC
Michael J Adamucci
Grant Deed
—
Dec 29, 2017
—
Docter Family Trust
Docter,timothy E
Quit Claim Deed
related
—
May 3, 2017
—
Lamont K Docter
Maclair Asphalt INC
Quit Claim Deed
—
Mar 6, 2009
—
Williams J R Fam
Williams John
Quit Claim Deed
related
—
Jan 14, 2009
—
Maclair Asphalt INC
Edwardsville Construction
Grant Deed
—
Mar 15, 2007
$330,700
James P Rathbun
Aei Income & Growth Fund
Warranty Deed
—
Feb 28, 2007
$246,300
Salvatore Scibelli
Aei Income & Growth Fund
Warranty Deed
—
Dec 21, 2006
$354,600
Norma Ruck
Aei Income & Growth Fnd X
Warranty Deed
—
Jul 28, 2006
$246,200
Elisabeth A Street
Aei Income & Growth Fund
Warranty Deed
—
Jun 23, 2006
$305,400
Terry Hanford
Aei Income & Growth Fund Xxi L
Warranty Deed
—
May 17, 2006
$224,500
Diana P Braden
Aei Income & Growth Fnd X
Warranty Deed
—
May 17, 2006
$246,200
Lawrence Novell
Aei Accr Invest Fund 2002
Warranty Deed
—
May 16, 2006
$1,251,000
John Williams
Aei Income & Growth Fnd X
Warranty Deed
—
Mar 13, 2006
$761,000
Edwardsville Construction
Aei Income & Growth Fnd X
Warranty Deed
—
Mar 13, 2006
$500,000
Aei Income
Aei Income & Growth Fnd X
Warranty Deed
related
—
Jan 25, 2006
$458,000
Rockin E Ranch INC
Aei Accredited Invest Fun
Warranty Deed
—
Jan 10, 2006
$461,800
B Property
Aei Accredited Invest Fun
Warranty Deed
—
Dec 21, 2005
$325,000
James Rathbun
Aei Income & Growth Fnd X
Warranty Deed
—
Sep 21, 2004
$4,547,000
Aei Income
Herkimer Rd & Euclid Rd D
Warranty Deed
—
Sep 21, 2004
—
Herkimer Rd
City Of Utica
Warranty Deed
related
—
Feb 4, 2004
$575,000
Quad Group Developers In
N Utica SR Citizen Rec
Warranty Deed
—
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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