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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Showrooms
265 Old Reservoir Rd, Wallkill, NY 12589-4033
Individually Owned
4-yr Hold
Property ID
US63-0056723
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1932
Total area
1,052 SF
Lot
3.9 ac (169,884 SF)
Zoning code
RAG-2
APN
515200 106.2-3-1
UPID
US63-0056723
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
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Jason Gillespie · 4 yrs held
Jason Gillespie
since 2022
Last sale
$500,000
2 recorded transactions
Zoning & alternative use
RAG-2 · Wallkill, 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 Wallkill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wallkill 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
$555,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $546k – $557k · vs last sale $500k (Mar 18 2022)
Last sale anchor
$500k
Mar 18 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
$490 / 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
$60,000
Assessed 2023
Previous assessed
$36,000
+66.7% YoY
Assessed land
$16,000
Assessed improvement
$44,000
Land market value
$128,000
Improvement market value
$352,000
Total market value
$480,000
Applied tax rate
515,201.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1932
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
1
Total area
1,052 SF
Lot
3.9 ac (169,884 SF)
Zoning code
RAG-2
APN
515200 106.2-3-1
UPID
US63-0056723
Jurisdiction
ULSTER
Zoning & alternative use
RAG-2 · Wallkill, NY
Zoning RAG-2 · permitted uses
RAG-2 · Wallkill, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wallkill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1932
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Jason Gillespie
Individual
Mailing address
12 ZEUS CT, WALLKILL, NY 12589-2744
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
$500,000
Jason Gillespie
Frank J Denardo
Deed
$336,000 · Teg Federal Credit Union
Feb 14, 2006
$267,000
Frank J Denardo
Witherel,helen A
Grant Deed
$213,600 · Option One Mortgage Corp
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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