New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Office buildings
2 Ellinwood Dr, New Hartford, NY 13413-1102
Entity Owned
32-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0320580
Property summary
AI-generated overview
This exceptional investment opportunity presents a 48,529 square foot, multi-tenant medical office complex in New Hartford, New York. The property comprises two buildings situated on a 3.53-acre lot, offering excellent visibility and accessibility from Route 840 and Commercial Drive, Oneida County's main retail corridor. Currently housing Ellinwood Nurse Practitioners, Ellinwood Dental, and Associated Medical Professionals, the complex benefits from long-term leases in place, ensuring a stable income stream. The property is classified as a Class B office building and is offered on a gross lease basis. A significant advantage is the presence of a 4,500 square foot vacant suite available for lease, presenting an immediate opportunity to increase revenue. This turnkey investment is ideally suited for a discerning buyer seeking a well-established, multi-tenant medical office complex in a high-traffic location. The property's strategic location and existing tenant base provide a strong foundation for future growth and profitability. Detailed financial information is available upon request. This is a rare opportunity to acquire a substantial medical office complex in a thriving market.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Total area
21,214 SF
Lot
2.83 ac (123,275 SF)
Zoning code
05 - COMMERCIAL
APN
304889 316.020-1-8
UPID
US63-0320580
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
-
Sreca Tiffany Y DDS Dental Office
-
Ellinwood Dental Dental Office
-
Dr. Patrick A Costello Ophthalmologist
-
Daniel R. Welchons, MD Physician Medical Clinic
-
Mercado Arthur M MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$2.40M
Owner & transaction history
2 ELLINWOOD, LLC
2 ELLINWOOD, LLC
Zoning & alternative use
05 - COMMERCIAL · New Hartford, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+29.8%
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 New Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hartford 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
OFFICE BUILDING
$2,135,000
Current use
RESTAURANT
$2,775,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±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
$113 / 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
$2,730,000
Assessed 2023
Previous assessed
$2,730,000
+0.0% YoY
Assessed land
$582,000
Assessed improvement
$2,148,000
Land market value
$1,021,053
Improvement market value
$3,768,421
Total market value
$4,789,474
Applied tax rate
304,801.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
21,214 SF
Lot
2.83 ac (123,275 SF)
Zoning code
05 - COMMERCIAL
APN
304889 316.020-1-8
UPID
US63-0320580
Jurisdiction
ONEIDA
Zoning & alternative use
05 - COMMERCIAL · New Hartford, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · New Hartford, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING Current
RESTAURANT
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
1980
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.83 ac
Current owner
From public records · entity-resolved
2 ELLINWOOD, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8293 TURIN RD, ROME, NY 13440-1913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2 Ellinwood Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
