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Property profile & analytics
OFF-MARKET
Estimated value
$4,105,000
Manufacturing properties
2308 Bleecker St, Frankfort, NY 13340
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-4056958
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1949
Total area
465,682 SF
Lot
0.33 ac (14,375 SF)
Zoning code
R
APN
212689 104.3-1-24.3
UPID
US63-4056958
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
-
Brimus MB L.L.C. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.11M
Owner & transaction history
Brimus Mb LLC · 7 yrs held
Brimus Mb LLC
since 2018
4 recorded transactions
Zoning & alternative use
R · Frankfort, 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 Frankfort submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frankfort 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / 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
$7,387
Tax year 2020
Assessed value
$150,000
Assessed 2023
Previous assessed
$150,000
+0.0% YoY
Effective rate
4.92%
On assessed value
Assessed land
$16,000
Assessed improvement
$134,000
Land market value
$31,373
Improvement market value
$262,745
Total market value
$294,118
Applied tax rate
212,602.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1949
Heating
NONE
Buildings
1
Stories
2
Total area
465,682 SF
Lot
0.33 ac (14,375 SF)
Zoning code
R
APN
212689 104.3-1-24.3
UPID
US63-4056958
Jurisdiction
HERKIMER
Zoning & alternative use
R · Frankfort, NY
Zoning R · permitted uses
R · Frankfort, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frankfort. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Heating
NONE
Stories
2
Buildings
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Brimus Mb LLC
Entity
Mailing address
1004 DUDLEY AVE, UTICA, NY 13501-3712
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2018
$300,000
Brimus Mb LLC
R B Soggs Holdings Corp
Quit Claim Arm's Length For Ne States
$175,000 · Gpo Federal Credit Union
Nov 26, 2013
—
R B Soggs Holding Corp
Properties LLC 230, Bleecker Street
Deed
—
Nov 24, 2010
—
2308 Bleecker St. Propert
2200 Bleecker St. Propert
Deed
—
Sep 13, 2010
—
Properties LLC 2308 Bleecker Street
Properties LLC 2200 Bleecker Street
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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