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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Banks
195 Main St Highland Falls, NY 10928-1641
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-1793745
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1969
Total area
16,750 SF
Lot
0.67 ac (29,344 SF)
Zoning code
B-1
APN
333601 105-3-20
UPID
US63-1793745
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$735k
Owner & transaction history
Esr Dev INC · 5 yrs held
Esr Dev INC
since 2021
Last sale
$695,000
2 recorded transactions
Zoning & alternative use
B-1 · Highland Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ltiple-Dwelling Residence. (6) R-5A District, Apartment, Multiple-Dwelling and Affordable Housing. (7) R-6 District, Apartment-Motel Residence. (8) R-MHC District, Mobile Home Court Residence. B. Business districts. (1) B-1 District, Village Business. (2) B-2 District, Highway Commercial. [1] Editor's Note: L.L. No. 1-2025 provided that "any application to d…
Zone name
Village Business
General category
CIVIC_INSTITUTIONAL
Zone area
43.22 ac
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 Highland Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Falls 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
$755,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $695k (Mar 9 2021)
Last sale anchor
$695k
Mar 9 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
$44 / 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
$850,000
Assessed 2023
Previous assessed
$850,000
+0.0% YoY
Assessed land
$77,900
Assessed improvement
$772,100
Land market value
$112,332
Improvement market value
$1,113,368
Total market value
$1,225,700
Applied tax rate
333,601.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
16,750 SF
Lot
0.67 ac (29,344 SF)
Zoning code
B-1
APN
333601 105-3-20
UPID
US63-1793745
Jurisdiction
ORANGE
Zoning & alternative use
B-1 · Highland Falls, NYZoning B-1 · permitted uses
B-1 · Highland Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ltiple-Dwelling Residence. (6) R-5A District, Apartment, Multiple-Dwelling and Affordable Housing. (7) R-6 District, Apartment-Motel Residence. (8) R-MHC District, Mobile Home Court Residence. B. Business districts. (1) B-1 District, Village Business. (2) B-2 District, Highway Commercial. [1] Editor's Note: L.L. No. 1-2025 provided that "any application to develop property located in the B-3 zoning district that has received a Negative Dec
Zone name
Village Business
General category
CIVIC_INSTITUTIONAL
Zone area
43.22 ac
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Esr Dev INC
Entity
Free & Clear · 5 yrs held
Mailing address
6008 HOOD HOLW, AUSTIN, TX 78731-3511
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2021
$695,000
Esr Dev INC
Key Bank NA
Deed
—
May 23, 2012
$1,250,000
Niagara Bk First
Hsbc Bk USA
Grant Deed
related
—
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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