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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Warehouses
343 Ann St, Newburgh, NY 12550-5335
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-6076358
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1951
Total area
5,312 SF
Lot
0.07 ac (2,970 SF)
Zoning code
RM
APN
331100 34-3-14
UPID
US63-6076358
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
-
Michael Zelehoski Art Studio
-
Aa Grupo La Oportunidad Social Service Agency Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$463k
Blend (final)
Blend
$625k
Owner & transaction history
Leslie Roeder · 1 yrs held
Leslie Roeder
since 2024
Last sale
$625,000
4 recorded transactions
Zoning & alternative use
RM · Newburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+130.4%
Auto repair, garage
$885,000
+102.2%
Commercial (general)
$610,000
+39.1%
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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$440,000
Current use
OFFICE BUILDING
$1,010,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$885,000
Change: +102% · Conversion: Easy
COMMERCIAL (GENERAL)
$610,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$500,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Oct 8 2024)
Last sale anchor
$625k
Oct 8 2024
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
$118 / 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
$270,000
Assessed 2023
Previous assessed
$270,000
+0.0% YoY
Assessed land
$46,700
Assessed improvement
$223,300
Land market value
$46,700
Improvement market value
$223,300
Total market value
$270,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1951
Heating
NONE
Buildings
1
Stories
2
Total area
5,312 SF
Lot
0.07 ac (2,970 SF)
Zoning code
RM
APN
331100 34-3-14
UPID
US63-6076358
Jurisdiction
ORANGE
Zoning & alternative use
RM · Newburgh, NY
Zoning RM · permitted uses
RM · 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
WAREHOUSE, STORAGE Current
Est. value
$440,000
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$610,000
INDUSTRIAL (GENERAL)
Est. value
$500,000
WAREHOUSE, STORAGE Current
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
1951
Heating
NONE
Stories
2
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Leslie Roeder
Individual
Free & Clear · 1 yrs held
Mailing address
262 BROOME ST APT 6A, NEW YORK, NY 10002-4524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 8, 2024
$625,000
Leslie Roeder
Ann Street LLC
Deed
—
Aug 11, 2016
$185,000
Ann Street LLC
Slover,george & Carole
Grant Deed
—
Feb 6, 2006
—
George Slover
Johnny Brand Auto
Warranty Deed
related
—
Feb 11, 2002
—
Carlo Polverino
Cola,hugo & Dolores
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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