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    Property profile & analytics

    2992 State Rte 28 Old Forge, NY 13420-9998

    • Investment properties
    • 2,040 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US63-0940069
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 2992 State Rte 28

    Year built
    1976
    Lot size
    0.36 lot acres
    Property size
    2,040 SF
    Zone code
    CB
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    215400 041.58-3-40
    APU
    21540004158340

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $400,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $400,000
      Mixed-Use
      $370,000
      Hospitality
      $360,000
      Educational
      $370,000
      Residential Income
      $390,000
      Energy
      $395,000
      Income-Based Land
      $370,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    Old Forge
    County
    Herkimer
    State
    New York
    Longitude
    -74.9778
    Latitude
    43.7073
    CBSA code
    46540
    CBSA name
    UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $4,461
    $32,700
    $303,900
    $336,600
    -
    $45,607
    $423,849
    $469,456

    Comparable in this City

    • Value Estimation
      $345,000
      1,800 SF

      3043 State Rte 28

      STORE/OFFICE (MIXED USE) • 1,800 SF
      3043 State Rte 28, Old Forge, NY 13420
      View Details
    • Value Estimation by Request
      1,890 SF

      2855 State Rte 28

      STORE/OFFICE (MIXED USE) • 1,890 SF
      2855 State Rte 28, Old Forge, NY 13420
      View Details
    • Value Estimation by Request
      1,120 SF

      2847 State Rte 28

      STORE/OFFICE (MIXED USE) • 1,120 SF
      2847 State Rte 28, Old Forge, NY 13420
      View Details
    • Value Estimation by Request
      546 SF

      2923 State Rte 28

      STORE/OFFICE (MIXED USE) • 546 SF
      2923 State Rte 28, Old Forge, NY 13420
      View Details
    • Value Estimation
      $275,000
      3,002 SF

      3169 State Rte 28

      STORE/OFFICE (MIXED USE) • 3,002 SF
      3169 State Rte 28, Old Forge, NY 13420
      View Details
    • Value Estimation
      $280,000
      408 SF

      113 Riverside Ln

      STORE/OFFICE (MIXED USE) • 408 SF
      113 Riverside Ln, Old Forge, NY 13420-7755
      View Details

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    2992 State Rte 28
    Old Forge, NY 13420-9998
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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