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Property profile & analytics
OFF-MARKET
Estimated value
$32,095,000
Warehouses
300 Rte 281 Tully, NY 13159
Entity Owned
27-yr Hold
Free & Clear
Property ID
US63-0453724
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
516,217 SF
Lot
136.8 ac (5,959,008 SF)
Zoning code
05 - COMMERCIAL
APN
315489 115.-01-17.2
UPID
US63-0453724
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
by Request
CAP Approach
CAP
$43.30M
Comparable Approach
Comparable
$30.43M
Blend (final)
Blend
$32.10M
Owner & transaction history
ALDI INC
ALDI INC
Zoning & alternative use
05 - COMMERCIAL · Tully, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$53.2M
+72.9%
Commercial (general)
$47.1M
+53.2%
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 Tully submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tully 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%
$46,910,000
6.5%
$43,300,000
7%
$40,210,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$30,740,000
Current use
AUTO REPAIR, GARAGE
$53,150,000
Change: +73% · Conversion: Easy
COMMERCIAL (GENERAL)
$47,100,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$32.10M
Range $28.89M – $35.30M · ±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
$62 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$15,600,000
Assessed 2023
Previous assessed
$15,000,000
+4.0% YoY
Assessed land
$198,100
Assessed improvement
$15,401,900
Land market value
$198,100
Improvement market value
$15,401,900
Total market value
$15,600,000
Applied tax rate
315,402.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2
Stories
1
Total area
516,217 SF
Lot
136.8 ac (5,959,008 SF)
Zoning code
05 - COMMERCIAL
APN
315489 115.-01-17.2
UPID
US63-0453724
Jurisdiction
ONONDAGA
Zoning & alternative use
05 - COMMERCIAL · Tully, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Tully, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tully. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$30.7M
AUTO REPAIR, GARAGE
Est. value
$53.2M
COMMERCIAL (GENERAL)
Est. value
$47.1M
WAREHOUSE, STORAGE Current
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
2
Lot
136.8 ac
Current owner
From public records · entity-resolved
ALDI INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 460049, HOUSTON, TX 77056-8049
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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