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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Warehouses
43 Turner Dr Spencerport, NY 14559-1930
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-0449078
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
7,334 SF
Lot
1 ac (43,560 SF)
Zoning code
LI
APN
263889 087.04-1-15.712
UPID
US63-0449078
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
$685k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$700k
Owner & transaction history
Serenity Biotechnology LLC · 3 yrs held
Serenity Biotechnology LLC
since 2022
Last sale
$685,000
6 recorded transactions
Zoning & alternative use
LI · Spencerport, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$860,000
+120.4%
Auto repair, garage
$830,000
+112.8%
Office building
$660,000
+69.0%
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 Spencerport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spencerport 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
$700,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
RESTAURANT
$860,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$830,000
Change: +113% · Conversion: Easy
OFFICE BUILDING
$660,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$575,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $685k (Oct 6 2022)
Last sale anchor
$685k
Oct 6 2022
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
$95 / 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
$278,800
Assessed 2023
Previous assessed
$278,800
+0.0% YoY
Assessed land
$60,000
Assessed improvement
$218,800
Land market value
$86,966
Improvement market value
$317,134
Total market value
$404,100
Applied tax rate
263,801.0000
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
1990
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
7,334 SF
Lot
1 ac (43,560 SF)
Zoning code
LI
APN
263889 087.04-1-15.712
UPID
US63-0449078
Jurisdiction
MONROE
Zoning & alternative use
LI · Spencerport, NYZoning LI · permitted uses
LI · Spencerport, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$830,000
OFFICE BUILDING
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$510,000
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1 ac
Current owner
From public records · entity-resolved
Serenity Biotechnology LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2549 EASTBLUFF DRB741, NEWPORT BEACH, CA 92660-3500
Ownership since
2022
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
Oct 6, 2022
$685,000
Serenity Biotechnology LLC
47 Turner Drive LLC
Warranty Deed
—
Mar 7, 2017
$335,000
47 Turner Drive LLC
43 Turner Drive LLC
Warranty Deed
—
Mar 7, 2017
—
43 Turner Drive LLC
Reddy Properties
Warranty Deed
related
—
Dec 16, 2009
—
43 Turner Drive LLC
Turner Drive & Associates LLC
Quit Claim Deed
related
—
Oct 10, 2008
$54,509
Turner Drive & Associates LLC
Reddy Properties
Warranty Deed
$6,768 · Hsbc Bank USA
—
—
Turner Drive & Associates LLC
—
Loan Modification
related
$550,000 · Hsbc Bank USA
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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