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Property profile & analytics
OFF-MARKET
Estimated value
$2,530,000
Warehouses
292 Dolson Ave, Middletown, NY 10940-6994
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-2445978
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
11,838 SF
Lot
2.4 ac (104,544 SF)
Zoning code
TC-1
APN
335600 5-5-18.1
UPID
US63-2445978
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
-
Winsupply of Middletown Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$2.53M
Owner & transaction history
292 Middle Rlty LLC · 2 yrs held
292 Middle Rlty LLC
since 2023
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
TC-1 · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+255.8%
Retail stores
$2.4M
+138.4%
Office building
$2.3M
+119.9%
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
$2,420,000
ML approach
$2,395,000
CAP Approach
CAP Return
Estimation
6%
$1,955,000
6.5%
$1,805,000
7%
$1,675,000
Alternative Use
Use
Estimation
RESTAURANT
$3,645,000
Change: +256% · Conversion: Difficult
RETAIL STORES
$2,445,000
Change: +138% · Conversion: Moderate
OFFICE BUILDING
$2,255,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,975,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,815,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.28M – $2.78M · ±10% · vs last sale $2.65M (Oct 23 2023)
Last sale anchor
$2.65M
Oct 23 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
$214 / 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
$697,800
Assessed 2023
Previous assessed
$697,800
+0.0% YoY
Assessed land
$318,500
Assessed improvement
$379,300
Land market value
$692,411
Improvement market value
$824,589
Total market value
$1,517,000
Applied tax rate
330,900.0000
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
1996
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
11,838 SF
Lot
2.4 ac (104,544 SF)
Zoning code
TC-1
APN
335600 5-5-18.1
UPID
US63-2445978
Jurisdiction
ORANGE
Zoning & alternative use
TC-1 · Middletown, NY
Zoning TC-1 · permitted uses
TC-1 · 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
RESTAURANT
Est. value
$3.6M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
292 Middle Rlty LLC
Entity
Free & Clear · 2 yrs held
Mailing address
479 CENTRAL AVE, ALBANY, NY 12206-2214
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
Aug 5, 2025
—
Middle Realty LLC
—
Deed
related
$3,431,205 · Toyota Fincl Svngs Bk
Mar 15, 2024
—
292 Middle Rlty LLC
—
Deed
related
$2,253,000 · Toyota Fincl Svgs Bk
Oct 23, 2023
$2,650,000
292 Middle Rlty LLC
Selkirk Warehouses INC
Deed
—
Dec 8, 2009
$775,000
Selkirk Warehses INC
Middletown Vehicle Realty
Grant 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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