Individually Owned Property summary
AI-generated overview
This 16,004-square-foot industrial property at 166 Summit St, Mohawk, NY 13407, is available for sale for $199,000 ($12.43/sq ft). The property features a single, two-story building constructed in 1977, situated on a 0.52-acre lot. Zoned for manufacturing, it offers versatile space suitable for distribution, warehousing, or manufacturing operations. The building includes one loading dock with nine dock-high doors, providing convenient access for loading and unloading. There is also ground-level access suitable for forklift use. The main floor boasts a high ceiling of 10 feet and minimal interior column obstructions. The roof is comprised of rubber roofing over steel trusses and decking. The property also includes 25 parking spaces. The upper floor contains former living space, presenting a unique opportunity to combine residential and commercial use. The sale is "as-is," with no items being removed. The property enjoys excellent visibility and accessibility due to its proximity to the I-90 New York State Thruway. This presents a significant opportunity for businesses seeking a well-located industrial space in Herkimer County.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1977
Total area
16,004 SF
Lot
0.52 ac (22,800 SF)
Zoning code
01 - NOT ZONED
APN
212889 120.42-1-8
UPID
US63-1377473
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor Renovation Specialist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$205k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$155k
Owner & transaction history
since 2025
Last sale
$155,000
3 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Mohawk, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$155k
Value range
$140k – $171k
±10% around blend
Estimated value / SF
$10 / SF
Confidence
Property data
100
Comparable evidence
60
$140k
blend $155k
$171k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,004 SF
Lot area
0.52 ac
Year built
1977
Stories
2
APN
212889 120.42-1-8
Zoning
01 - NOT ZONED
Assessed value
$175,000
Annual tax
$13,020
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$155k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$155k
Move the market yield to see immediate price impact.
Value / SF
$10
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$10k
$195k
$140k
$109k
$11k
$217k
$155k
$121k
$12k
$239k
$170k
$133k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$13,020
Tax year 2020
Assessed value
$175,000
Assessed 2023
Previous assessed
$175,000
+0.0% YoY
Effective rate
7.44%
On assessed value
Assessed land
$12,000
Assessed improvement
$163,000
Land market value
$21,818
Improvement market value
$296,364
Total market value
$318,182
Applied tax rate
212,803.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1977
Heating
NONE
Buildings
1
Stories
2
Total area
16,004 SF
Lot
0.52 ac (22,800 SF)
Zoning code
01 - NOT ZONED
APN
212889 120.42-1-8
UPID
US63-1377473
Jurisdiction
HERKIMER
Zoning & alternative use
01 - NOT ZONED · Mohawk, NYZoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Mohawk, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
2
Buildings
1
Lot
0.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
01 - NOT ZONED
Jurisdiction
Mohawk, NY
Recorded code
01 - NOT ZONED
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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