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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Medical Office Space
3 Commercial Pl, Newburgh, NY 12550-5306
Individually Owned
10-yr Hold
Free & Clear
Property ID
US63-3187816
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1957
Total area
20,146 SF
Lot
1.4 ac (60,984 SF)
Zoning code
IND
APN
331100 43-1-6.1
UPID
US63-3187816
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
-
Cornerstone Family Healthcare Health Community Health Centre
-
Center for Recovery Medical Clinic
-
Mrs. Jennifer Deekens Physician
-
Paul Veneski Counselor
-
Deisy Flores Registered General Nurse
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$2.82M
Owner & transaction history
Greater Hudson Valley Family H · 10 yrs held
Greater Hudson Valley Family H
since 2015
4 recorded transactions
Zoning & alternative use
IND · Newburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+98.6%
Auto repair, garage
$2.3M
+34.6%
Commercial (general)
$2.0M
+18.5%
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 Newburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburgh 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
$1,715,000
Current use
RESTAURANT
$3,405,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,310,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,030,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$1,925,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±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
$140 / 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
$1,366,000
Assessed 2023
Previous assessed
$1,347,000
+1.4% YoY
Assessed land
$295,400
Assessed improvement
$1,070,600
Land market value
$295,400
Improvement market value
$1,070,600
Total market value
$1,366,000
Applied tax rate
331,100.0000
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
1957
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
20,146 SF
Lot
1.4 ac (60,984 SF)
Zoning code
IND
APN
331100 43-1-6.1
UPID
US63-3187816
Jurisdiction
ORANGE
Zoning & alternative use
IND · Newburgh, NY
Zoning IND · permitted uses
IND · Newburgh, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newburgh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE 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
1957
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Greater Hudson Valley Family H
Individual
Free & Clear · 10 yrs held
Mailing address
2570 US HWY 9TH STE #10, CORNWALL, NY 12518-1370
Ownership since
2015
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
Mar 4, 2020
—
Cornerstone Family Health
—
Deed
related
$4,958,985 · Dormitory Authority Of The State Of Ny
Dec 7, 2015
$679,000
Greater Hudson Valley Family H
St Lukes Cornwall Hosp Of Newbur
Grant Deed
—
—
—
Cornerstone Family Healthcare
—
Loan Modification
related
$5,695,000 · People/state/new York
—
—
Cornerstone Family Healthcare
—
Deed Of Trust
related
$4,958,984 · Miscellaneous Govt Agcy
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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