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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Investment properties
251 Washington St Newburgh, NY 12550-5431
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2758501
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
4,260 SF
Lot
0.15 ac (6,534 SF)
Zoning code
RM
APN
331100 38-2-7.1
UPID
US63-2758501
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
-
Bakery & Grocery Santa Inés (Newburgh, NY) Bakery Specialty Food Shop
-
La Tiendita Sta.Ines Bakery Bakery Specialty Food Shop
-
Intermex Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$580k
Owner & transaction history
251-257 Washington LLC · 3 yrs held
251-257 Washington LLC
since 2023
Last sale
$660,000
4 recorded transactions
Zoning & alternative use
RM · Newburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$880,000
+79.6%
Office building
$810,000
+65.6%
Auto repair, garage
$710,000
+45.3%
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 Newburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburgh 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
$575,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$490,000
Current use
RETAIL STORES
$880,000
Change: +80% · Conversion: Easy
OFFICE BUILDING
$810,000
Change: +66% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $660k (Jun 6 2023)
Last sale anchor
$660k
Jun 6 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
$136 / 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 2021Property tax & assessments
Tax year 2021
Assessed value
$379,000
Assessed 2023
Previous assessed
$219,000
+73.1% YoY
Assessed land
$100,900
Assessed improvement
$278,100
Land market value
$100,900
Improvement market value
$278,100
Total market value
$379,000
Applied tax rate
331,100.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
2
Total area
4,260 SF
Lot
0.15 ac (6,534 SF)
Zoning code
RM
APN
331100 38-2-7.1
UPID
US63-2758501
Jurisdiction
ORANGE
Zoning & alternative use
RM · Newburgh, NY
Zoning RM · permitted uses
RM · Newburgh, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newburgh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$490,000
RETAIL STORES
Est. value
$880,000
OFFICE BUILDING
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$710,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1900
Heating
NONE
Stories
2
Buildings
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
251-257 Washington LLC
Entity
Mailing address
51 FRST RD STE #316, MONROE, NY 10950-2905
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
$660,000
251-257 Washington LLC
Washington Street Venture
Deed
$495,000 · Salisbury Bank & Trust Co
Dec 17, 2018
—
Washington Street Venturs
—
Deed
related
$151,560 · Rhinebeck Savings Bank
Jan 3, 2018
$530,000
Washington Street Ventures LLC
Santos,ana
Grant Deed
$280,000 · Ana Santos
—
—
Washington Street Ventures LLC
—
Loan Modification
related
$397,500 · Rhinebeck Bk
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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