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Property profile & analytics
FOR LEASE
Office buildings
214 West St 11, Warwick, NY 10990
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-2701676
For Lease
1 / 5
$395/Mo
214 West St,Unit 11, Warwick, NY 10990
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2004
Total area
4,480 SF
Lot
1.4 ac (60,984 SF)
Zoning code
750
APN
335489 42-1-35.221
UPID
US63-2701676
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
-
Dennis Scharfenberger, MD Pediatrician Physician
-
Neeta B. Kalappa, PT Physician
-
Mrs. Kerry Schmidt Foster Care Service Social Service Agency
-
Lydell Lettsome Physician
-
Warwick Family Practice Pllc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$874k
Blend (final)
Blend
$810k
Owner & transaction history
Westpoint Health Systems · 6 yrs held
Westpoint Health Systems
since 2020
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
750 · Warwick, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+8.4%
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 Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warwick 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
$905,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
RETAIL STORES
$925,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$815,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$750,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $700k (Mar 5 2020)
Last sale anchor
$700k
Mar 5 2020
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
$181 / 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
$95,000
Assessed 2023
Previous assessed
$95,000
+0.0% YoY
Assessed land
$27,000
Assessed improvement
$68,000
Land market value
$291,884
Improvement market value
$735,116
Total market value
$1,027,000
Applied tax rate
335,401.0000
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
For Lease
Year built
2004
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
4,480 SF
Lot
1.4 ac (60,984 SF)
Zoning code
750
APN
335489 42-1-35.221
UPID
US63-2701676
Jurisdiction
ORANGE
Zoning & alternative use
750 · Warwick, NY
Zoning 750 · permitted uses
750 · Warwick, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warwick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$850,000
RETAIL STORES
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$750,000
OFFICE BUILDING Current
RETAIL STORES
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Westpoint Health Systems
Individual
Mailing address
11 MANCHESTER DR, SPRING VALLEY, NY 10977-2014
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2020
$700,000
Westpoint Health Systems
Warwick Wellness Center
Deed
$119,727 · Catskill Hudson Bank
Sep 24, 2002
—
Warwick Wellness Center LLC
Scharfenberger,dennis
Grant Deed
related
—
—
—
Warwick Wellness Center LLC
—
Loan Modification
related
$465,000 · Catskill Hudson Bk
—
—
Warwick Wellness Center LLC
—
Deed Of Trust
related
$32,881 · Catskill Hudson Bk
—
—
Westpoint Health Systems LLC
—
Loan Modification
related
$572,000 · Catskill Hudson Bk
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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