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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Theaters & concert halls
2 Main St, Mechanicville, NY 12118-2325
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-4677849
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1970
Total area
6,250 SF
Lot
1.2 ac (52,272 SF)
Zoning code
02 - SINGLE RESIDENCE
APN
411000 262.61-3-28
UPID
US63-4677849
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
-
A Wedding on the Hudson Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Mechanicville Area Cm INC · 2 yrs held
Mechanicville Area Cm INC
since 2023
Last sale
$875,000
4 recorded transactions
Zoning & alternative use
02 - SINGLE RESIDENCE · Mechanicville, 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 Mechanicville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mechanicville 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
$890,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$960,000
Change: 0% · Conversion: Difficult
RESTAURANT
$700,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $875k (Sep 26 2023)
Last sale anchor
$875k
Sep 26 2023
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
$141 / 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
$420,000
Assessed 2023
Previous assessed
$420,000
+0.0% YoY
Assessed land
$105,000
Assessed improvement
$315,000
Land market value
$112,903
Improvement market value
$338,710
Total market value
$451,613
Applied tax rate
411,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
2
Stories
1
Total area
6,250 SF
Lot
1.2 ac (52,272 SF)
Zoning code
02 - SINGLE RESIDENCE
APN
411000 262.61-3-28
UPID
US63-4677849
Jurisdiction
SARATOGA
Zoning & alternative use
02 - SINGLE RESIDENCE · Mechanicville, NY
Zoning 02 - SINGLE RESIDENCE · permitted uses
02 - SINGLE RESIDENCE · Mechanicville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mechanicville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$960,000
RESTAURANT
Est. value
$700,000
AUTO REPAIR, GARAGE
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
1970
Heating
NONE
Stories
1
Buildings
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Mechanicville Area Cm INC
Entity
Free & Clear · 2 yrs held
Mailing address
129 HAYES RD, SCHUYLERVILLE, NY 12871-1836
Ownership since
2023
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 24, 2024
—
Mechanicville Area Cmnty
—
Deed
related
$60,000 · Community Loan Fund Of New Jersey INC
Sep 26, 2023
$875,000
Mechanicville Area Cm INC
Move Space LLC
Warranty Deed
—
Nov 30, 2022
—
Move Space LLC
Move Space LLC
Deed
related
—
Jan 30, 2007
—
Stlukes Church
Doe,n M
Warranty 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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