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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Warehouses
15 Garfield St, Auburn, NY 13021-2202
Individually Owned
4-yr Hold
Free & Clear
Property ID
US63-5339725
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Total area
21,608 SF
Lot
5 ac (217,800 SF)
Zoning code
C
APN
050100 115.57-1-1.11
UPID
US63-5339725
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
-
Best Haulers Tire Recycling Recycling Center Waste Management Facility
-
Stoda Corporation Warehouse & Storage
-
Stott & Davis Logistics Logistics Company Freight Service
-
Currier Plastics (Finished Goods Pick-Up) Industrial Manufacturer Production Facility
-
Stott and Davis Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.49M
Owner & transaction history
Joseph A Colella · 4 yrs held
Joseph A Colella
since 2022
Last sale
$10,000
1 recorded transaction
Zoning & alternative use
C · Auburn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+69.5%
Auto repair, garage
$1.8M
+47.5%
Commercial (general)
$1.6M
+37.4%
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,185,000
Current use
RESTAURANT
$2,010,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,750,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,630,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$1,180,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $10k (Mar 28 2022)
Last sale anchor
$10k
Mar 28 2022
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
$69 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$757,900
Assessed 2023
Previous assessed
$757,900
+0.0% YoY
Assessed land
$88,500
Assessed improvement
$669,400
Land market value
$92,187
Improvement market value
$697,292
Total market value
$789,479
Applied tax rate
50,100.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Heating
NONE
Buildings
3
Stories
1
Total area
21,608 SF
Lot
5 ac (217,800 SF)
Zoning code
C
APN
050100 115.57-1-1.11
UPID
US63-5339725
Jurisdiction
CAYUGA
Zoning & alternative use
C · Auburn, NY
Zoning C · permitted uses
C · Auburn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1982
Heating
NONE
Stories
1
Buildings
3
Lot
5 ac
Current owner
From public records · entity-resolved
Joseph A Colella
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 9TH 9, AUBURN, NY 13021-0009
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$10,000
Joseph A Colella
Garfield Prop Mgmt LLC
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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