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Property profile & analytics
OFF-MARKET
Estimated value
$6,295,000
Medical Office Space
3101 Shippers Rd, Vestal, NY 13850-2080
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-3472485
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2013
Total area
58,604 SF
Lot
6.02 ac (262,231 SF)
Zoning code
I
APN
034800 158.10-2-9
UPID
US63-3472485
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
-
James Distin, DO Medical Clinic
-
Niru Anne, MD, FACS Physician
-
Jagraj S. Rai, MD Physician
-
Michael F. Romani, DPM Physician
-
Kathleen L. Howe, MD 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
$6.30M
Owner & transaction history
Cmk2 Vestal LLC · 8 yrs held
Cmk2 Vestal LLC
since 2018
5 recorded transactions
Zoning & alternative use
I · Vestal, 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 Vestal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vestal 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
COMMERCIAL (GENERAL)
$5,635,000
Change: 0% · Conversion: Easy
RESTAURANT
$4,605,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,940,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.30M
Range $5.67M – $6.92M · ±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
$107 / 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
$6,520,000
Assessed 2023
Previous assessed
$6,520,000
+0.0% YoY
Assessed land
$3,410,000
Assessed improvement
$3,110,000
Land market value
$3,410,000
Improvement market value
$3,110,000
Total market value
$6,520,000
Applied tax rate
34,801.0000
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
2013
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
58,604 SF
Lot
6.02 ac (262,231 SF)
Zoning code
I
APN
034800 158.10-2-9
UPID
US63-3472485
Jurisdiction
BROOME
Zoning & alternative use
I · Vestal, NY
Zoning I · permitted uses
I · Vestal, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vestal. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.6M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2013
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
6.02 ac
Current owner
From public records · entity-resolved
Cmk2 Vestal LLC
Entity
Free & Clear · 8 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2018
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
Sep 19, 2025
—
Cmk2 Vestal LLC
—
Deed
related
$13,267,966 · Capital One NA
May 15, 2018
$25,650,000
Cmk2 Vestal LLC
Vestal I Medical Prop LLC
Grant Deed
—
May 15, 2018
—
Cmk2 Vestal LLC
—
Deed
related
$30,775,801 · Capital One NA
Sep 15, 2015
—
Vestal I Medical Props LLC
Shippers Road Management LLC
Grant Deed
related
—
Sep 11, 2012
$3,485,000
Psmg LLC
Newman Holdings Corp
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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