Entity Owned Property summary
AI-generated overview
This exceptional two-story, 10,900 square foot Class B office building, situated on a 46,600 square foot lot at 208 W Main St, Elbridge, NY 13060, presents a unique investment opportunity. Built in 1990 and extensively renovated in 2015, the property boasts a blend of traditional, medical, and creative office spaces, making it suitable for a variety of businesses. Currently, 1,900 square feet of space is available for lease within this multi-tenant building. The building features an 8-foot ceiling height and ample parking with 30 spaces on-site. Enjoy the beautifully landscaped grounds, enhanced by a tranquil trout stream at the rear of the property. The convenient location offers easy access to both Auburn (12 minutes away) and Syracuse (18 minutes away), making it an ideal location for businesses seeking a balance between a serene setting and proximity to major urban centers. The property is zoned Commercial 1 and features APN 021.-02-06.1. This is a rare opportunity to acquire a well-maintained, versatile office building in a desirable location. The building's recent renovations ensure modern amenities and functionality, while its unique setting provides a peaceful and productive work environment.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1960
Total area
10,910 SF
Lot
1.07 ac (46,609 SF)
Zoning code
05 - COMMERCIAL
APN
312801 021.-02-06.1
UPID
US63-3055572
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Health Care Service
-
Industrial Manufacturer Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$280k
Owner & transaction history
since 2011
1 recorded transaction
Zoning & alternative use
05 - COMMERCIAL · Elbridge, NY
Top alternative use upside
Neighborhood: shopping center
$1.2M
+17.3%
Office building
$1.2M
+16.2%
Auto repair, garage
$1.1M
+12.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$280k
Value range
$252k – $308k
±10% around blend
Estimated value / SF
$26 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$252k
blend $280k
$308k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,910 SF
Lot area
1.07 ac
Year built
1960
Stories
1
APN
312801 021.-02-06.1
Zoning
05 - COMMERCIAL
Assessed value
$380,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$711k
Range $481k – $1.50M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$280k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 423 sales
$91
-72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $26/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+17%
vs current-use indication
Office Building
Auto Repair, Garage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$380k
Move the market yield to see immediate price impact.
Value / SF
$35
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$24k
$479k
$342k
$266k
$27k
$532k
$380k
$296k
$29k
$585k
$418k
$325k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$380,000
Assessed 2023
Previous assessed
$380,000
+0.0% YoY
Assessed land
$50,000
Assessed improvement
$330,000
Land market value
$61,728
Improvement market value
$407,408
Total market value
$469,136
Applied tax rate
312,801.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
10,910 SF
Lot
1.07 ac (46,609 SF)
Zoning code
05 - COMMERCIAL
APN
312801 021.-02-06.1
UPID
US63-3055572
Jurisdiction
ONONDAGA
Zoning & alternative use
05 - COMMERCIAL · Elbridge, NYZoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Elbridge, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
05 - COMMERCIAL
Jurisdiction
Elbridge, NY
Recorded code
05 - COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Elbridge, NY.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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