New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Individual retail properties
240 State Rte 31, Macedon, NY 14502-8818
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0148967
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1975
Total area
875 SF
Lot
0.46 ac (20,038 SF)
Zoning code
05 - COMMERCIAL
APN
543000 61111-00-127736
UPID
US63-0148967
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
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Oakridge Glen LLC · 4 yrs held
Oakridge Glen LLC
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Macedon, 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 Macedon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macedon 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
$1,090,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.13M (Mar 17 2022)
Last sale anchor
$1.13M
Mar 17 2022
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
$1,257 / 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
$290,900
Assessed 2023
Previous assessed
$290,900
+0.0% YoY
Assessed land
$101,800
Assessed improvement
$189,100
Land market value
$108,298
Improvement market value
$201,170
Total market value
$309,468
Applied tax rate
543,601.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
2
Stories
1
Total area
875 SF
Lot
0.46 ac (20,038 SF)
Zoning code
05 - COMMERCIAL
APN
543000 61111-00-127736
UPID
US63-0148967
Jurisdiction
WAYNE
Zoning & alternative use
05 - COMMERCIAL · Macedon, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Macedon, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Macedon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Oakridge Glen LLC
Entity
Mailing address
22 BUTTERNUT DR, PITTSFORD, NY 14534-2453
Ownership since
2022
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
Mar 17, 2022
$1,125,000
Oakridge Glen LLC
Turk Hill Estates INC
Warranty Deed
$900,000 · Turk Hill Estates INC
Jan 31, 2020
$127,000
Vega Leasing Of Wny LLC
Margaret Brooks
Warranty Deed
—
Sep 11, 2019
$150,000
Margaret Brooks
Right Seat Enterrises LLC
Grant Deed
—
Jun 19, 2014
$200,100
Right Seat Ents Ll
Brooks,margaret
Grant Deed
—
Oct 5, 2006
—
Allan Brooks
Tartaglia,lina
Warranty Deed
—
May 24, 2004
$200,000
Lina Tartaglia
Cropo,lori E
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 240 State Rte 31?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
