Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Strip malls
285 Rte 211th W Middletown, NY 10940-7591
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2731472
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Total area
7,620 SF
Lot
1.2 ac (52,272 SF)
Zoning code
HC
APN
335200 49-1-71.1
UPID
US63-2731472
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
$935k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
New Eternal Spring LLC · 3 yrs held
New Eternal Spring LLC
since 2023
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
HC · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+823.6%
Restaurant
$995,000
+806.7%
Office building
$815,000
+643.5%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$960,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,010,000
Change: +824% · Conversion: Easy
RESTAURANT
$995,000
Change: +807% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: +644% · Conversion: Moderate
AUTO REPAIR, GARAGE
$790,000
Change: +623% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +512% · Conversion: Easy
MEDICAL BUILDING
$650,000
Change: +492% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.05M (Mar 28 2023)
Last sale anchor
$1.05M
Mar 28 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
$132 / 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
$140,000
Assessed 2023
Previous assessed
$140,000
+0.0% YoY
Assessed land
$14,400
Assessed improvement
$125,600
Land market value
$99,309
Improvement market value
$866,191
Total market value
$965,500
Applied tax rate
333,801.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1994
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
7,620 SF
Lot
1.2 ac (52,272 SF)
Zoning code
HC
APN
335200 49-1-71.1
UPID
US63-2731472
Jurisdiction
ORANGE
Zoning & alternative use
HC · Middletown, NY
Zoning HC · permitted uses
HC · Middletown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT
Est. value
$995,000
OFFICE BUILDING
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RETAIL STORES
Est. value
$670,000
MEDICAL BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1994
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
New Eternal Spring LLC
Entity
Mailing address
315 ARCADIA RD, GOSHEN, NY 10924-5636
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
$1,050,000
New Eternal Spring LLC
Lokum Realty LLC
Deed
$787,500 · International Bank
Sep 25, 2013
$415,000
Lokum Realty LLC
Nake Ltd
Grant Deed
—
—
—
Lokam Realty LLC
—
Loan Modification
related
$311,250 · Orange County Trust Co
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 285 Rte 211th W?
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.
