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Property profile & analytics
OFF-MARKET
Estimated value
$21,620,000
Office buildings
383 Broadway, Fort Edward, NY 12828-1001
Entity Owned
Free & Clear
Property ID
US63-3934752
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
116,696 SF
Lot
23.7 ac (1,032,372 SF)
Zoning code
04 - FARM
APN
533089 163.5-2-38
UPID
US63-3934752
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
-
Washington County Weights Slr County Government Office
-
County of Wa Emergency Services Public Safety Office
-
Washington County Tourism Travel Agency
-
Washington County Administration County Government Office
-
Washington Family Court Clerk Courthouse County Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.71M
Comparable Approach
Comparable
$18.53M
Blend (final)
Blend
$21.62M
Owner & transaction history
WASHINGTON COUNTY
WASHINGTON COUNTY
Zoning & alternative use
04 - FARM · Fort Edward, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.8M
+23.4%
Retail stores
$14.4M
+20.6%
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 Fort Edward submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Edward 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%
$26,770,000
6.5%
$24,710,000
7%
$22,945,000
Alternative Use
Use
Estimation
RESTAURANT
$14,765,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$14,440,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$21.62M
Range $19.46M – $23.78M · ±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
$185 / 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
$44,000,000
Assessed 2023
Previous assessed
$44,000,000
+0.0% YoY
Assessed land
$366,000
Assessed improvement
$43,634,000
Land market value
$366,000
Improvement market value
$43,634,000
Total market value
$44,000,000
Applied tax rate
534,401.0000
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
1994
Heating
STEAM
Buildings
14
Stories
2
Bathrooms
2
Total area
116,696 SF
Lot
23.7 ac (1,032,372 SF)
Zoning code
04 - FARM
APN
533089 163.5-2-38
UPID
US63-3934752
Jurisdiction
WASHINGTON
Zoning & alternative use
04 - FARM · Fort Edward, NY
Zoning 04 - FARM · permitted uses
04 - FARM · Fort Edward, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Edward. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$14.8M
RETAIL STORES
Est. value
$14.4M
RESTAURANT
RETAIL STORES
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
1994
Heating
STEAM
Stories
2
Buildings
14
Bathrooms
2
Lot
23.7 ac
Current owner
From public records · entity-resolved
WASHINGTON COUNTY
Individual
Free & Clear · 0 yrs held
Mailing address
383 BROADWAY, FORT EDWARD, NY 12828-1001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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