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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Distribution centers
215 Black Mdw Rd Chester, NY 10918-2231
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-4597415
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Total area
11,400 SF
Lot
3.7 ac (161,172 SF)
Zoning code
IP
APN
332289 6-1-102.1
UPID
US63-4597415
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
-
BK Tile & Stone, Inc. Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$790k
Blend (final)
Blend
$785k
Owner & transaction history
Eighteen Eight Group LLC · 5 yrs held
Eighteen Eight Group LLC
since 2020
Last sale
$1,000
6 recorded transactions
Zoning & alternative use
IP · Chester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+25.1%
Industrial (general)
$1.1M
+9.1%
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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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
WAREHOUSE, STORAGE
$985,000
Current use
COMMERCIAL (GENERAL)
$1,235,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,075,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $1k (Sep 2 2020)
Last sale anchor
$1k
Sep 2 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
$69 / 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
$391,340
Assessed 2023
Previous assessed
$391,340
+0.0% YoY
Assessed land
$19,421
Assessed improvement
$371,919
Land market value
$47,369
Improvement market value
$907,131
Total market value
$954,500
Applied tax rate
332,201.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
11,400 SF
Lot
3.7 ac (161,172 SF)
Zoning code
IP
APN
332289 6-1-102.1
UPID
US63-4597415
Jurisdiction
ORANGE
Zoning & alternative use
IP · Chester, NY
Zoning IP · permitted uses
IP · Chester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2018
Heating
NONE
Cooling
Yes
Stories
2
Lot
3.7 ac
Current owner
From public records · entity-resolved
Eighteen Eight Group LLC
Entity
Free & Clear · 5 yrs held
Mailing address
215 BLACK MDW RD, CHESTER, NY 10918-2231
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2020
—
Eighteen Eight Group LLC
Bda Properties LLC
Correction Deed
—
Feb 26, 2020
—
Chester Ny 1 LLC
—
Deed
related
$2,673,624 · Seminole Mortgage Trust (ct)
Aug 30, 2019
$1,000
Eighteen Eight Group LLC
Bda Props LLC
Grant Deed
—
Feb 15, 2019
—
Bda Properties LLC
—
Deed
related
$975,000 · Ulster Savings Bank
May 8, 2017
$225,000
Bda Properties LLC
Eighteen Eight Group LLC
Grant Deed
$175,000 · Eigheteen Eight Group LLC
—
—
Chester Ny 1 LLC
—
Loan Modification
related
$2,673,624 · Seminole Mortgage Trust (ct)
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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