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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Medical Office Space
299 Riv Rd, Oswego, NY 13126-6400
Individually Owned
5-yr Hold
Free & Clear
Property ID
US63-0627441
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1975
Total area
57,194 SF
Lot
8.16 ac (355,450 SF)
Zoning code
PD
APN
351200 146.26-01-01
UPID
US63-0627441
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
-
St. Luke Health Services Nursing Home
-
Cynthia Baxter Physician
-
Bryant Wilkinson Physician
-
Sandra Ford Physician
-
FRANK S SZMALC Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
Albert F Nessel · 5 yrs held
Albert F Nessel
since 2020
5 recorded transactions
Zoning & alternative use
PD · Oswego, 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 Oswego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oswego 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
MEDICAL BUILDING
$2,565,000
Current use
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±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
$28 / 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
$5,400,000
Assessed 2023
Previous assessed
$5,400,000
+0.0% YoY
Assessed land
$553,000
Assessed improvement
$4,847,000
Land market value
$666,265
Improvement market value
$5,839,759
Total market value
$6,506,024
Applied tax rate
351,200.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
PARTIAL
Stories
7
Total area
57,194 SF
Lot
8.16 ac (355,450 SF)
Zoning code
PD
APN
351200 146.26-01-01
UPID
US63-0627441
Jurisdiction
OSWEGO
Zoning & alternative use
PD · Oswego, NY
Zoning PD · permitted uses
PD · Oswego, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oswego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.6M
MEDICAL BUILDING Current
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
1975
Heating
NONE
Cooling
Yes
Stories
7
Lot
8.16 ac
Current owner
From public records · entity-resolved
Albert F Nessel
Individual
Free & Clear · 5 yrs held
Mailing address
299 E RIV RD, OSWEGO, NY 13126-6400
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
—
St Luke Res Health Care Facility In
—
Deed
related
$4,700,000 · The Stephen And Lora Pollack Family Trus
Oct 20, 2020
$59,900
Albert F Nessel
Timothy J Stitt
Grant Deed
—
Jan 20, 2017
—
St Luke Residlhealth Care Fac
—
Deed
related
$1,884,700 · Century Health Cap INC
Nov 2, 2010
—
Residl Health Care Fa St. Luke
County Of Oswego Indl Dev Agency
Grant Deed
related
—
—
—
St Luke Residlhealth Care Fac
—
Deed Of Trust
related
$1,884,700 · Century Health Cap INC
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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