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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Retail space
1939 Rte 284 Slate Hill, NY 10973-4222
Entity Owned
20-yr Hold
Free & Clear
Property ID
US63-6287086
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
4,612 SF
Lot
3 ac (130,680 SF)
Zoning code
TC2
APN
335600 19-1-28.21
UPID
US63-6287086
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$377k
Blend (final)
Blend
$620k
Owner & transaction history
B Smith Deveopment LLC · 20 yrs held
B Smith Deveopment LLC
since 2006
4 recorded transactions
Zoning & alternative use
TC2 · Slate Hill, 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 Slate Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Slate Hill 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%
$935,000
6.5%
$865,000
7%
$800,000
Alternative Use
Use
Estimation
RETAIL STORES
$950,000
Current use
OFFICE BUILDING
$880,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$770,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$134 / 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
$216,400
Assessed 2023
Previous assessed
$216,400
+0.0% YoY
Assessed land
$48,800
Assessed improvement
$167,600
Land market value
$106,079
Improvement market value
$364,321
Total market value
$470,400
Applied tax rate
333,801.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
2
Stories
1
Total area
4,612 SF
Lot
3 ac (130,680 SF)
Zoning code
TC2
APN
335600 19-1-28.21
UPID
US63-6287086
Jurisdiction
ORANGE
Zoning & alternative use
TC2 · Slate Hill, NYZoning TC2 · permitted uses
TC2 · Slate Hill, NY
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
RETAIL STORES Current
Est. value
$950,000
OFFICE BUILDING
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$770,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Stories
1
Buildings
2
Lot
3 ac
Current owner
From public records · entity-resolved
B Smith Deveopment LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 459, SLATE HILL, NY 10973-0459
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2018
—
B Smith Dev LLC
—
Deed
related
$130,000 · John M Romer
Jan 24, 2006
$340,000
B Smith Deveopment LLC
Atkins,lynn
Warranty Deed
—
—
—
B Smith Dev LLC
—
Deed Of Trust
related
$140,000 · John M Romer
—
—
B Smith Dev LLC
—
Deed Of Trust
related
$130,000 · John M Romer
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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