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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Warehouses
23 Central St Moravia, NY 13118-7709
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-1867241
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
10,432 SF
Lot
1.97 ac (85,813 SF)
Zoning code
08 - GOVERNMENTAL
APN
054201 210.13-2-11.11
UPID
US63-1867241
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
-
Moravia Health Center - Family Health Network of Central New York, Inc. Medical Clinic
-
Moravia Dental Center - Family Health Network of Central New York, Inc. Dental Office
-
Daniel Karn, PA Association / Organization
-
Ashley Yonsook Ki Dental Office
-
Terrissa Martin Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$705k
Owner & transaction history
Mcneil Dev Co LLC · 16 yrs held
Mcneil Dev Co LLC
since 2010
2 recorded transactions
Zoning & alternative use
08 - GOVERNMENTAL · Moravia, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+110.0%
Restaurant
$1.1M
+108.8%
Auto repair, garage
$835,000
+62.8%
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 Moravia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moravia 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
$515,000
Current use
COMMERCIAL (GENERAL)
$1,080,000
Change: +110% · Conversion: Difficult
RESTAURANT
$1,070,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$780,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$68 / 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
$9,907
Tax year 2020
Assessed value
$295,600
Assessed 2023
Previous assessed
$500,000
-40.9% YoY
Effective rate
3.35%
On assessed value
Assessed land
$31,600
Assessed improvement
$264,000
Land market value
$31,600
Improvement market value
$264,000
Total market value
$295,600
Applied tax rate
54,201.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
HOT WATER
Buildings
1
Stories
1
Bathrooms
2
Total area
10,432 SF
Lot
1.97 ac (85,813 SF)
Zoning code
08 - GOVERNMENTAL
APN
054201 210.13-2-11.11
UPID
US63-1867241
Jurisdiction
CAYUGA
Zoning & alternative use
08 - GOVERNMENTAL · Moravia, NY
Zoning 08 - GOVERNMENTAL · permitted uses
08 - GOVERNMENTAL · Moravia, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Moravia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$835,000
OFFICE BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$550,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1950
Heating
HOT WATER
Stories
1
Buildings
1
Bathrooms
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Mcneil Dev Co LLC
Entity
Mailing address
PO BOX 824, CORTLAND, NY 13045-0824
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2010
$150,000
Mcneil Dev Co LLC
Tmb Holding LLC
Warranty Deed
related
—
—
—
Tmb Holding LLC
—
Deed Of Trust
related
$1,560,319 · Wilber National Bank
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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