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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Medical Office Space
38 Myrtle Ave Cambridge, NY 12816
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-4950673
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1917
Total area
21,565 SF
Lot
102.1 ac (4,447,476 SF)
Zoning code
RR
APN
532201 263.7-1-1
UPID
US63-4950673
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
-
North Eastern Expansion Development Temple
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.32M
Owner & transaction history
North Eastern Expan Dev Co · 9 yrs held
North Eastern Expan Dev Co
since 2017
6 recorded transactions
Zoning & alternative use
RR · Cambridge, 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 Cambridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cambridge 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
RESTAURANT
$2,730,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,670,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,210,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,835,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,630,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$108 / 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
Property tax & assessments
Assessed value
$950,500
Assessed 2023
Previous assessed
$370,000
+156.9% YoY
Assessed land
$154,200
Assessed improvement
$796,300
Land market value
$154,200
Improvement market value
$796,300
Total market value
$950,500
Applied tax rate
535,010.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1917
Heating
NONE
Buildings
11
Stories
3
Total area
21,565 SF
Lot
102.1 ac (4,447,476 SF)
Zoning code
RR
APN
532201 263.7-1-1
UPID
US63-4950673
Jurisdiction
WASHINGTON
Zoning & alternative use
RR · Cambridge, NY
Zoning RR · permitted uses
RR · Cambridge, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cambridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1917
Heating
NONE
Stories
3
Buildings
11
Lot
102.1 ac
Current owner
From public records · entity-resolved
North Eastern Expan Dev Co
Entity
Free & Clear · 9 yrs held
Mailing address
3042 RTE 22ND #100, DOVER PLAINS, NY 12522-5920
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2017
—
North Eastern Expan Dev Co
Bieko LLC
Grant Deed
—
Feb 5, 2010
$300,000
Bieko LLC
Cpc Nominee 1 INC
Grant Deed
—
Nov 23, 2009
—
Cpc Nominee 1 INC
Woodcock Estates INC
Grant Deed
—
Jun 26, 2009
$1,300,000
Cpc Nominee 1 INC
Woodcock Estates INC
Trustees Deed
related
—
May 20, 2005
$1,100,000
Woodcock Estates INC
Mary Mcclellan Hospital
Warranty Deed
—
Aug 25, 2004
$10,000
Richard Sweeney
Mary Mcclellan Hospital
Warranty Deed
—
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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