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Property profile & analytics
OFF-MARKET
Commercial real estate
357 King St 59, Herkimer, NY 13350-2487
Individually Owned
4-yr Hold
Property ID
US63-1239726
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1880
Total area
3,120 SF
Lot
0.41 ac (17,875 SF)
Zoning code
R3
APN
213001 120.26-3-43
UPID
US63-1239726
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Herkimer Hsng Auth · 4 yrs held
Herkimer Hsng Auth
since 2021
5 recorded transactions
Zoning & alternative use
R3 · Herkimer, 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 Herkimer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Herkimer 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,000
Assessed 2023
Previous assessed
$56,500
-46.9% YoY
Assessed land
$20,000
Assessed improvement
$10,000
Land market value
$29,412
Improvement market value
$14,706
Total market value
$44,118
Applied tax rate
213,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1880
Heating
HOT WATER
Stories
2
Bathrooms
3
Total area
3,120 SF
Lot
0.41 ac (17,875 SF)
Zoning code
R3
APN
213001 120.26-3-43
UPID
US63-1239726
Jurisdiction
HERKIMER
Zoning & alternative use
R3 · Herkimer, NY
Zoning R3 · permitted uses
R3 · Herkimer, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Herkimer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1880
Heating
HOT WATER
Stories
2
Bathrooms
3
Lot
0.41 ac
Current owner
From public records · entity-resolved
Herkimer Hsng Auth
Individual
Mailing address
315 N PROSPECT ST, HERKIMER, NY 13350-1952
Ownership since
2021
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
Dec 22, 2021
—
Herkimer SR Assoc LLC
—
Deed
related
$16,440,235 · New York State Housing Finance Agency
Dec 14, 2021
—
Herkimer Hsng Auth
Herkimer Village Of
Quit Claim Deed
related
—
Dec 10, 2021
—
Herkimer Village Of
357 Kings Streer Apt LLC
Quit Claim Deed
related
—
Aug 19, 2010
—
357 King St Apts LLC
Hamilton & Wadsworth
Deed
—
Jun 20, 2005
$33,550
Hamilton & Wadsworth
County Of Herkimer
Quit Claim Arm's Length For Ne States
—
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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