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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Manufacturing properties
2355 State Hwy 206 Greene, NY 13778
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-4240760
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Total area
7,772 SF
Lot
2.26 ac (98,446 SF)
Zoning code
03 - MULTI-FAMILY
APN
082600 250.-1-7.221
UPID
US63-4240760
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$575k
Owner & transaction history
Forkey & Son Property LLC · 3 yrs held
Forkey & Son Property LLC
since 2023
Last sale
$600,000
1 recorded transaction
Zoning & alternative use
03 - MULTI-FAMILY · Greene, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$880,000
+125.7%
Commercial (general)
$765,000
+95.9%
Warehouse, storage
$600,000
+54.3%
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 Greene submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greene 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
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$390,000
Current use
RESTAURANT
$880,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +96% · Conversion: Difficult
WAREHOUSE, STORAGE
$600,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$540,000
Change: +38% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $600k (Mar 24 2023)
Last sale anchor
$600k
Mar 24 2023
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
$74 / 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
Property tax & assessments
Assessed value
$254,700
Assessed 2023
Previous assessed
$254,700
+0.0% YoY
Assessed land
$22,800
Assessed improvement
$231,900
Land market value
$26,824
Improvement market value
$272,823
Total market value
$299,647
Applied tax rate
83,001.0000
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
1990
Heating
NONE
Buildings
2
Stories
1
Total area
7,772 SF
Lot
2.26 ac (98,446 SF)
Zoning code
03 - MULTI-FAMILY
APN
082600 250.-1-7.221
UPID
US63-4240760
Jurisdiction
CHENANGO
Zoning & alternative use
03 - MULTI-FAMILY · Greene, NY
Zoning 03 - MULTI-FAMILY · permitted uses
03 - MULTI-FAMILY · Greene, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greene. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$390,000
RESTAURANT
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$540,000
OFFICE BUILDING
Est. value
$515,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1990
Heating
NONE
Stories
1
Buildings
2
Lot
2.26 ac
Current owner
From public records · entity-resolved
Forkey & Son Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3690 LUKER RD, CORTLAND, NY 13045-9397
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2023
$600,000
Forkey & Son Property LLC
Frank M Hanrahan
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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