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Property profile & analytics
OFF-MARKET
Estimated value
$32,365,000
Distribution centers
3303 Rte 6th 6 Middletown, NY 10940-6992
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-5050630
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2020
Total area
240,800 SF
Lot
29.5 ac (1,285,020 SF)
Zoning code
MC 1
APN
335600 4-1-83.6
UPID
US63-5050630
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
$36.70M
Comparable Approach
Comparable
$36.87M
Blend (final)
Blend
$32.37M
Owner & transaction history
Matrix Wawayanda I LLC · 7 yrs held
Matrix Wawayanda I LLC
since 2019
3 recorded transactions
Zoning & alternative use
MC 1 · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$49.7M
+138.4%
Office building
$45.8M
+119.9%
Auto repair, garage
$40.2M
+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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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%
$39,755,000
6.5%
$36,695,000
7%
$34,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,840,000
Current use
RETAIL STORES
$49,685,000
Change: +138% · Conversion: Moderate
OFFICE BUILDING
$45,820,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$40,210,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$36,955,000
Change: +77% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$22,725,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$32.37M
Range $29.13M – $35.60M · ±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
$134 / 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
$8,612,500
Assessed 2023
Previous assessed
$8,612,500
+0.0% YoY
Assessed land
$1,151,000
Assessed improvement
$7,461,500
Land market value
$2,502,170
Improvement market value
$16,220,630
Total market value
$18,722,800
Applied tax rate
333,801.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Total area
240,800 SF
Lot
29.5 ac (1,285,020 SF)
Zoning code
MC 1
APN
335600 4-1-83.6
UPID
US63-5050630
Jurisdiction
ORANGE
Zoning & alternative use
MC 1 · Middletown, NY
Zoning MC 1 · permitted uses
MC 1 · Middletown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.8M
RETAIL STORES
Est. value
$49.7M
OFFICE BUILDING
Est. value
$45.8M
AUTO REPAIR, GARAGE
Est. value
$40.2M
COMMERCIAL (GENERAL)
Est. value
$37.0M
INDUSTRIAL (GENERAL)
Est. value
$22.7M
WAREHOUSE, STORAGE Current
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
2020
Heating
NONE
Stories
1
Lot
29.5 ac
Current owner
From public records · entity-resolved
Matrix Wawayanda I LLC
Entity
Free & Clear · 7 yrs held
Mailing address
4000TH FORSGATE DR, CRANBURY, NJ 08512
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2019
$3,300,000
Matrix Wawayanda I LLC
Pine Lane Pg LLC
Grant Deed
—
Apr 10, 2018
$45,000,000
Pff Indl 3301 Us-6 Middletown
Wawayanda Acquisition LLC
Grant Deed
—
Nov 6, 2008
$85,711
Lane Pine
Pinela Pg INC
Grant Deed
related
—
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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