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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Drive through restaurants
270 Fairmount Ave, Lakewood, NY 14750
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3728908
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2000
Total area
3,286 SF
Lot
0.6 ac (26,055 SF)
Zoning code
05 - COMMERCIAL
APN
062201 385.12-4-1
UPID
US63-3728908
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
-
KFC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Delia Netto Ft · 3 yrs held
Delia Netto Ft
since 2022
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$2,880,000
ML approach
$2,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±10% · vs last sale $2.57M (Aug 22 2022)
Last sale anchor
$2.57M
Aug 22 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
$809 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$600,000
Assessed 2023
Previous assessed
$600,000
+0.0% YoY
Assessed land
$290,000
Assessed improvement
$310,000
Land market value
$432,825
Improvement market value
$462,675
Total market value
$895,500
Applied tax rate
62,201.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,286 SF
Lot
0.6 ac (26,055 SF)
Zoning code
05 - COMMERCIAL
APN
062201 385.12-4-1
UPID
US63-3728908
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
05 - COMMERCIAL · Lakewood, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Lakewood, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Delia Netto Ft
Individual
Mailing address
10044 FLINT AVE, HANFORD, CA 93230-9746
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$2,565,484
Delia Netto Ft
Workman 3 LLC
Deed
—
Jan 20, 2021
$1,925,000
Workman 3 LLC
Fairmount Lake LLC
Deed
$1,251,250 · Trustone Financial FCU
Jul 6, 2012
$1,355,000
Fairmount Lake LLC
Dbmfi LLC
Deed
—
Dec 22, 2011
$983,590
Dmfi LLC
New York INC Morgans Restaurants
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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