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Property profile & analytics
OFF-MARKET
Estimated value
$26,505,000
Warehouses
3440 State Rte 209, Wurtsboro, NY 12790-4042
Entity Owned
Free & Clear
Property ID
US63-1519220
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
505,953 SF
Lot
89.17 ac (3,884,245 SF)
Zoning code
I
APN
484089 26.-1-20.2
UPID
US63-1519220
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
by Request
Comparable Approach
Comparable
$24.76M
Blend (final)
Blend
$26.51M
Owner & transaction history
Nfm Enterprises LLC
Nfm Enterprises LLC
since 2026
4 recorded transactions
Zoning & alternative use
I · Wurtsboro, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$40.1M
+56.7%
Office building
$37.0M
+44.5%
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 Wurtsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wurtsboro 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
WAREHOUSE, STORAGE
$25,580,000
Current use
COMMERCIAL (GENERAL)
$40,090,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$36,970,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$26.51M
Range $23.85M – $29.16M · ±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
$52 / 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
$12,366,000
Assessed 2023
Previous assessed
$12,366,000
+0.0% YoY
Assessed land
$1,500,000
Assessed improvement
$10,866,000
Land market value
$4,000,000
Improvement market value
$28,976,000
Total market value
$32,976,000
Applied tax rate
515,602.0000
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
2002
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
505,953 SF
Lot
89.17 ac (3,884,245 SF)
Zoning code
I
APN
484089 26.-1-20.2
UPID
US63-1519220
Jurisdiction
SULLIVAN
Zoning & alternative use
I · Wurtsboro, NY
Zoning I · permitted uses
I · Wurtsboro, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wurtsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$25.6M
COMMERCIAL (GENERAL)
Est. value
$40.1M
OFFICE BUILDING
Est. value
$37.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
89.17 ac
Current owner
From public records · entity-resolved
Nfm Enterprises LLC
Entity
Free & Clear · 0 yrs held
Mailing address
56TH RIDGEWOOD DR, MENOMONEE FALLS, WI 53051-5660
Ownership since
2026
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
Jan 5, 2026
—
Nfm Enterprises LLC
Kohl S Re Hldgs LLC
Deed
—
Jul 16, 2025
—
Kohls Rl Est Hldgs LLC
—
Deed
related
$24,722,149 · Us Bank NA
Jun 10, 2025
—
Kohl S Re Hldgs LLC
Kohl S INC
Warranty Deed
—
Sep 23, 2022
—
Kohls INC
Kohls INC
Warranty 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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