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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Office buildings
37 Lamplight St, Beacon, NY 12508-1485
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-0619017
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
8,000 SF
Lot
2.01 ac (87,556 SF)
Zoning code
RB
APN
133089 5955-04-768471-0000
UPID
US63-0619017
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
-
Fareground: Food + Community Charitable Organization Social Service Agency
-
Star of Bethlehem Baptist Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$950k
Owner & transaction history
37 Lamplight 318 Associates · 5 yrs held
37 Lamplight 318 Associates
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
RB · Beacon, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+43.9%
Commercial (general)
$1.1M
+23.0%
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 Beacon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beacon 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
$840,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$895,000
Current use
AUTO REPAIR, GARAGE
$1,285,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,100,000
Change: +23% · Conversion: Easy
WAREHOUSE, STORAGE
$880,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $1.00M (Dec 3 2020)
Last sale anchor
$1.00M
Dec 3 2020
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
$119 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$38,502
Tax year 2020
Assessed value
$1,338,800
Assessed 2023
Previous assessed
$1,275,000
+5.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$225,000
Assessed improvement
$1,113,800
Land market value
$225,000
Improvement market value
$1,113,800
Total market value
$1,338,800
Applied tax rate
130,200.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
8,000 SF
Lot
2.01 ac (87,556 SF)
Zoning code
RB
APN
133089 5955-04-768471-0000
UPID
US63-0619017
Jurisdiction
DUTCHESS
Zoning & alternative use
RB · Beacon, NY
Zoning RB · permitted uses
RB · Beacon, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beacon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$880,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1982
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
37 Lamplight 318 Associates
Entity
Free & Clear · 5 yrs held
Mailing address
399 KNOLLWOOD RD STE #318, WHITE PLAINS, NY 10603-1940
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2020
—
37 Lamplight 318 Associates
J King Realty INC
Grant Deed
—
Feb 7, 2018
$675,000
J King Realty INC
Referee Of Dutchess County|lamplight Castle Real E
Trustees Deed
—
Dec 8, 2015
$1,299,750
Lamplight Castle R & E LLC
Strand,joseph
Grant Deed
$225,000 · Vincent & Jeanmarie Capplletti
Jan 20, 2012
—
Joseph Strand
—
Trustees Deed
related
$210,000 · Finishing Trades Institutes/ny
Dec 3, 2010
$310,000
Joseph Strand
Trustees Of Finishing Trades Inst
Grant Deed
—
—
—
Joseph Strand
—
Deed Of Trust
related
$300,000 · J Kings Food Service Professio
—
—
Lamplight Castle R & E LLC
—
Loan Modification
related
$525,000 · Vincent & Jeanmarie Cappletti
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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