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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Investment properties
171 Genesee St Utica, NY 13501-2101
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0334627
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Total area
17,820 SF
Lot
0.09 ac (3,726 SF)
APN
301600 318.51-1-6
UPID
US63-0334627
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
-
McDonald's Restaurant Take-out & Catering
-
Events @171 Genesee Hotel & Motel Resort
-
Utica Children's Theatre Theater & Performing Art Venue
-
Soul One12 Restaurant & Catering Restaurant
-
Character Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
171 Genesee Street LLC · 1 yrs held
171 Genesee Street LLC
since 2024
Last sale
$680,000
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
Method
Estimation
Statistic approach
$680,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,115,000
Current use
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $680k (Aug 12 2024)
Last sale anchor
$680k
Aug 12 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
$38 / 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
$242,500
Assessed 2023
Previous assessed
$242,500
+0.0% YoY
Assessed land
$28,000
Assessed improvement
$214,500
Land market value
$65,116
Improvement market value
$498,837
Total market value
$563,953
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
1
Stories
5
Total area
17,820 SF
Lot
0.09 ac (3,726 SF)
APN
301600 318.51-1-6
UPID
US63-0334627
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
1960
Heating
NONE
Stories
5
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
171 Genesee Street LLC
Entity
Mailing address
171 GENESEE ST, UTICA, NY 13501-2101
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
$680,000
171 Genesee Street LLC
Schmartin Group LLC
Deed
—
Nov 10, 2022
—
Schmartin Group LLC
—
Deed
related
$91,000 · First Source Federal Credit Union
Dec 22, 2016
—
Schmartin Group LLC
—
Deed
related
$211,200 · First Source FCU
Feb 11, 2016
—
Schmartin Group LLC
Schmidt,c Edward
Quit Claim Deed
related
—
Sep 3, 2015
$60,000
Christine D Martin
Utica Urban Renewal Agency
Grant Deed
—
Feb 25, 2015
—
City Of Utica
Comptroller|thomas William J JR
Tax Deed
related
—
Jun 26, 2012
—
William J Thomas
Thomas,william J JR
Quit Claim Deed
related
—
Oct 12, 2004
—
William Thomas
Thomas,peter
Quit Claim Deed
related
—
—
—
Schmartin Group LLC
—
Deed Of Trust
related
$211,200 · First Source FCU
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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