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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Warehouses
2 Burkhart Dr, Auburn, NY 13021-2272
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-1273539
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
28,984 SF
Lot
2.47 ac (107,593 SF)
Zoning code
C
APN
050100 115.56-1-1.11
UPID
US63-1273539
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
-
Rood Utilities Inc HVAC Service General Contractor
-
RCI Heating & AC Corporation HVAC Service General Contractor
-
CAP Corporate Office
-
Currier Plastics Warehouse & Storage
-
Finger Lakes Barrel Company Big Box & Wholesale Store Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.84M
Owner & transaction history
L P W Dev LLC · 12 yrs held
L P W Dev LLC
since 2014
2 recorded transactions
Zoning & alternative use
C · Auburn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+69.5%
Auto repair, garage
$2.3M
+47.5%
Commercial (general)
$2.2M
+37.4%
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,590,000
Current use
RESTAURANT
$2,695,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,345,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,185,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$1,580,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$1,530,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$63 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$5,144
Tax year 2019
Assessed value
$730,600
Assessed 2023
Previous assessed
$730,600
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$75,200
Assessed improvement
$655,400
Land market value
$78,333
Improvement market value
$682,709
Total market value
$761,042
Applied tax rate
50,100.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
NONE
Buildings
1
Stories
1
Total area
28,984 SF
Lot
2.47 ac (107,593 SF)
Zoning code
C
APN
050100 115.56-1-1.11
UPID
US63-1273539
Jurisdiction
CAYUGA
Zoning & alternative use
C · Auburn, NY
Zoning C · permitted uses
C · Auburn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1974
Heating
NONE
Stories
1
Buildings
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
L P W Dev LLC
Entity
Mailing address
PO BOX 9TH 9, AUBURN, NY 13021-0009
Ownership since
2014
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
Apr 16, 2014
$605,000
L P W Dev LLC
Cuperk Realty LLC
Warranty Deed
$480,000 · M&t Bk
Jun 9, 2011
$675,000
Cuperk Realty LLC
Rood Utilities INC
Warranty Deed
$675,000 · Rood Utilities INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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