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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Office buildings
2 Stonegate Dr, Monroe, NY 10950-1737
Entity Owned
8-yr Hold
Property ID
US63-4571729
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2023
Total area
42,708 SF
Lot
1.4 ac (60,984 SF)
APN
332003 214-1-26
UPID
US63-4571729
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
-
NY Lingerie (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Azure Healthcare Management Corporate Office
-
Drawme Architectural Designer
-
Stonegate Business Center Business Service Center Corporate Office
-
BNL Appraisal LLC: Appraisers In New York Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.18M
Blend (final)
Blend
$5.29M
Owner & transaction history
Stonegate Drive LLC · 8 yrs held
Stonegate Drive LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.4M
+3.7%
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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
$8,125,000
Current use
COMMERCIAL (GENERAL)
$8,425,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,130,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.29M
Range $4.76M – $5.81M · ±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
$124 / 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
$269,500
Assessed 2023
Previous assessed
$20,800
+1,195.7% YoY
Assessed land
$20,800
Assessed improvement
$248,700
Land market value
$200,192
Improvement market value
$2,393,648
Total market value
$2,593,840
Applied tax rate
332,002.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
2023
Heating
NONE
Total area
42,708 SF
Lot
1.4 ac (60,984 SF)
APN
332003 214-1-26
UPID
US63-4571729
Jurisdiction
ORANGE
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2023
Heating
NONE
Lot
1.4 ac
Current owner
From public records · entity-resolved
Stonegate Drive LLC
Entity
Mailing address
412 N MAIN ST, MONROE, NY 10950-2893
Ownership since
2018
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
Nov 24, 2023
—
Stonegate Dr LLC
—
Deed
related
$6,860,000 · Northeast Community Bank
Apr 19, 2022
—
Stonegate Drive LLC
—
Deed
related
$7,929,000 · Northeast Community Bank
Mar 29, 2018
$260,000
Stonegate Drive LLC
Cuomo Prop Of Orange Cnty LLC
Grant Deed
—
Mar 30, 2011
—
Orange Cnty LLC
Cuomo,anthony
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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