New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Warehouses
33 Elkay Dr, Chester, NY 10918-3000
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2038356
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
7,500 SF
Lot
1.9 ac (82,764 SF)
Zoning code
IP
APN
332289 6-1-65.1
UPID
US63-2038356
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
-
FPS Apparel Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$827k
Blend (final)
Blend
$1.10M
Owner & transaction history
33 Elkay LLC · 2 yrs held
33 Elkay LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
IP · Chester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+138.4%
Office building
$1.4M
+119.9%
Auto repair, garage
$1.3M
+92.9%
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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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
$1,020,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,060,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,545,000
Change: +138% · Conversion: Moderate
OFFICE BUILDING
$1,425,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,250,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$810,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$710,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.12M (Dec 18 2023)
Last sale anchor
$1.12M
Dec 18 2023
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
$147 / 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
Tax billed
$8,385
Tax year 2021
Assessed value
$410,000
Assessed 2023
Previous assessed
$410,000
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$88,500
Assessed improvement
$321,500
Land market value
$215,854
Improvement market value
$784,146
Total market value
$1,000,000
Applied tax rate
332,201.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
7,500 SF
Lot
1.9 ac (82,764 SF)
Zoning code
IP
APN
332289 6-1-65.1
UPID
US63-2038356
Jurisdiction
ORANGE
Zoning & alternative use
IP · Chester, NY
Zoning IP · permitted uses
IP · Chester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$810,000
INDUSTRIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2000
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
33 Elkay LLC
Entity
Mailing address
33 ELKAY DR, CHESTER, NY 10918-3000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$1,120,000
33 Elkay LLC
Martha Ling
Deed
$560,000 · Jpmorgan Chase Bank NA
Dec 18, 2023
—
33 Elkay LLC
—
Deed
related
$461,000 · Empire State Certified Development Corp
Apr 28, 2023
—
Harold C Davis
Harold C Davis
Deed
related
—
Nov 20, 2020
—
Martha Ling
—
Deed
related
$517,000 · Tim Cosman
Sep 12, 2019
—
Martha Ling
—
Deed
related
$139,000 · Complete Busn Solutions Group
Mar 20, 2017
—
Martha Ling
—
Deed
related
$350,000 · First Home Bank
—
—
Martha Ling
—
Deed Of Trust
related
$450,000 · Key Bank & Trust
—
—
Martha Ling
—
Deed Of Trust
related
$139,000 · Complete Busn Solutions Group
—
—
Martha Ling
—
Deed Of Trust
related
$517,000 · Tim Cosman
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 33 Elkay Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
