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Property profile & analytics
OFF-MARKET
Estimated value
$44,390,000
Truck terminals
191 Neelytown Rd, Montgomery, NY 12549-2822
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2406930
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
2003
Total area
109,544 SF
Lot
42.7 ac (1,860,012 SF)
Zoning code
ID
APN
334289 33-1-100
UPID
US63-2406930
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
-
FedEx Drop Box Postal Service Courier Service
-
FedEx Freight Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.39M
Owner & transaction history
Clemenceau Logistics Ass · 4 yrs held
Clemenceau Logistics Ass
since 2021
Last sale
$43.1M
7 recorded transactions
Zoning & alternative use
ID · Montgomery, NY
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
$46,970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$44.39M
Range $39.95M – $48.83M · ±10% · vs last sale $43.10M (Dec 3 2021)
Last sale anchor
$43.10M
Dec 3 2021
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
$405 / 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 2021Property tax & assessments
Tax year 2021
Assessed value
$7,935,000
Assessed 2023
Previous assessed
$7,935,000
+0.0% YoY
Assessed land
$1,747,500
Assessed improvement
$6,187,500
Land market value
$4,160,724
Improvement market value
$14,732,176
Total market value
$18,892,900
Applied tax rate
334,201.0000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
109,544 SF
Lot
42.7 ac (1,860,012 SF)
Zoning code
ID
APN
334289 33-1-100
UPID
US63-2406930
Jurisdiction
ORANGE
Zoning & alternative use
ID · Montgomery, NY
Zoning ID · permitted uses
ID · Montgomery, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montgomery. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
42.7 ac
Current owner
From public records · entity-resolved
Clemenceau Logistics Ass
Individual
Mailing address
5 BRYANT PARK #28, NEW YORK, NY 10018-8204
Ownership since
2021
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
Jan 3, 2022
—
Clemenceau Logistics LLC
—
Deed
related
$33,425,085 · Societe Generale
Dec 3, 2021
$43,100,000
Clemenceau Logistics Ass
Gpt Montgomery Owner LLC
Deed
—
Oct 24, 2018
—
Gpt Montgomery Owner LLC
—
Grant Deed
related
$26,875,000 · Citibank
Dec 2, 2016
$23,775,000
Gpt Montgomery Owner LLC
Arcp Femgyny01 LLC
Grant Deed
—
Mar 11, 2014
—
Neelytown Freight 191 LLC
Town Of Montgomery Indl Dev Agcy
Quit Claim Deed
related
—
Mar 11, 2014
$24,400,000
Arcp Femgyny01 LLC
Neelytown Freight 191 LLC
Grant Deed
—
May 21, 2002
$2,120,000
Setzer Properties LLC
Fedex Freight East INC
Grant Deed
$12,918,000 · Town Of Montgomery Industrial
May 21, 2002
—
Town Of Montgomery Industrial
Setzer Properties LLC
Grant Deed
related
—
Jan 18, 2002
$2,000,000
American Freightways INC
H O Penn Machinery Co INC
Grant 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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