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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Office buildings
229 Main St, Schoharie, NY 12157-2114
Entity Owned
4-yr Hold
Property ID
US63-1014492
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1870
Total area
8,390 SF
Lot
1.57 ac (68,389 SF)
Zoning code
C
APN
434201 72.17-1-6
UPID
US63-1014492
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
-
Schoharie Dental Dental Office
-
Dr. Hazem Elbialy Dental Office
-
Dr. Carl Fusco-Gessick Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.08M
Owner & transaction history
Mainbridge LLC · 4 yrs held
Mainbridge LLC
since 2021
7 recorded transactions
Zoning & alternative use
C · Schoharie, 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 Schoharie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schoharie 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
$920,000
Current use
RESTAURANT
$845,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$760,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$129 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$9,102
Tax year 2020
Assessed value
$538,500
Assessed 2023
Previous assessed
$380,500
+41.5% YoY
Effective rate
1.69%
On assessed value
Assessed land
$46,800
Assessed improvement
$491,700
Land market value
$70,471
Improvement market value
$740,401
Total market value
$810,872
Applied tax rate
434,201.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1870
Heating
FORCED AIR
Stories
2
Rooms
10
Bathrooms
4
Total area
8,390 SF
Lot
1.57 ac (68,389 SF)
Zoning code
C
APN
434201 72.17-1-6
UPID
US63-1014492
Jurisdiction
SCHOHARIE
Zoning & alternative use
C · Schoharie, NY
Zoning C · permitted uses
C · Schoharie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schoharie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$920,000
RESTAURANT
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$760,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (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
1870
Heating
FORCED AIR
Stories
2
Rooms
10
Bathrooms
4
Lot
1.57 ac
Current owner
From public records · entity-resolved
Mainbridge LLC
Entity
Mailing address
143 LANCASTER ST, ALBANY, NY 12210-1903
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
—
Mainbridge LLC
—
Deed
related
$975,000 · Bank Of Greene County
Oct 14, 2021
—
Mainbridge LLC
Hazem Elbialy
Warranty Deed
—
Sep 4, 2020
—
Mainbridge LLC
Hazem Elbialy
Warranty Deed
$547,500 · Bank Of Greene County
Jun 16, 2016
$115,000
Hazem Elbialy
Mary O'malley
Deed
—
Dec 7, 2015
—
Mary O'malley
G Jeanette Fleming
Deed
—
Dec 20, 2011
$100,000
G Jeannette Fleming
Mary O'malley
Deed
—
Mar 15, 2010
$324,500
Mary O'malley
Craig Campeau
Deed
—
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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