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Property profile & analytics
OFF-MARKET
Estimated value
$7,105,000
Warehouses
26 Werner Schluter Way, Plattsburgh, NY 12901
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-2299782
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
131,093 SF
Lot
5.84 ac (254,390 SF)
Zoning code
I
APN
094200 232.-3-10.2
UPID
US63-2299782
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.76M
Blend (final)
Blend
$7.11M
Owner & transaction history
Ums Property LLC · 9 yrs held
Ums Property LLC
since 2016
2 recorded transactions
Zoning & alternative use
I · Plattsburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.4M
+180.8%
Commercial (general)
$11.0M
+171.4%
Office building
$7.3M
+78.5%
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 Plattsburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plattsburgh 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
AUTO REPAIR, GARAGE
$11,410,000
Change: +181% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,025,000
Change: +171% · Conversion: Difficult
OFFICE BUILDING
$7,250,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$4,690,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$7.11M
Range $6.39M – $7.82M · ±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
$54 / 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
$6,100,000
Assessed 2023
Previous assessed
$6,100,000
+0.0% YoY
Assessed land
$292,000
Assessed improvement
$5,808,000
Land market value
$343,531
Improvement market value
$6,832,969
Total market value
$7,176,500
Applied tax rate
94,001.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
131,093 SF
Lot
5.84 ac (254,390 SF)
Zoning code
I
APN
094200 232.-3-10.2
UPID
US63-2299782
Jurisdiction
CLINTON
Zoning & alternative use
I · Plattsburgh, NY
Zoning I · permitted uses
I · Plattsburgh, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plattsburgh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$11.0M
OFFICE BUILDING
Est. value
$7.3M
RETAIL STORES
Est. value
$4.7M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2009
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
5.84 ac
Current owner
From public records · entity-resolved
Ums Property LLC
Entity
Free & Clear · 9 yrs held
Mailing address
194 PLEASANT RDG RD, PLATTSBURGH, NY 12901-5841
Ownership since
2016
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
Dec 16, 2016
$8,000,000
Ums Property LLC
Ums Manufacturing LLC
Grant Deed
related
—
Feb 4, 2010
$45,000
Ums Manufacturing LLC
Schluter Systems LP
Grant Deed
related
—
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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