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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Strip malls
45 Quaker Ave, Cornwall, NY 12518-2127
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3022111
Property summary
AI-generated overview
Cornwall Plaza, located at 45 Quaker Ave, Cornwall, NY 12518, presents a unique retail investment opportunity. This 6,225 square foot multi-tenant building offers flexible space options, currently entirely vacant and ready for immediate occupancy. The property is classified as retail, with potential for office or supermarket use, making it suitable for a variety of businesses. Three spaces are available, ranging in size from a minimum of 1,300 square feet to a maximum contiguous space of 2,400 square feet. The entire 6,225 square feet is also available for lease to a single tenant. This prime location in Cornwall, New York offers excellent visibility and accessibility, providing a strong foundation for business growth. The building's versatile layout allows for customization to meet individual tenant needs. This is an exceptional chance to establish a presence in a thriving community. The property's strategic location and flexible space options make it an ideal choice for businesses seeking a prominent retail presence in the Cornwall market. Contact us today to learn more about this exciting opportunity and schedule a viewing.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Total area
24,000 SF
Lot
1.34 ac (58,370 SF)
APN
332489 23-3-51.2
UPID
US63-3022111
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
-
Cornwall Beverages & Smoke Shop (Bike/Boat/Book/etc) Store Bar & Pub
-
Cornwall Wines & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Artrip & Webber: Webber Paul N Law Firm
-
Artrip Law Law Firm
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$895k
Owner & transaction history
Cornwall Shopping LLC · 10 yrs held
Cornwall Shopping LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+95.0%
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 Cornwall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornwall 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Current use
WAREHOUSE, STORAGE
$1,235,000
Change: +95% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$37 / 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 2021Property tax & assessments
Tax year 2021
Assessed value
$1,630,000
Assessed 2023
Previous assessed
$1,630,000
+0.0% YoY
Assessed land
$352,400
Assessed improvement
$1,277,600
Land market value
$522,460
Improvement market value
$1,894,140
Total market value
$2,416,600
Applied tax rate
332,401.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
24,000 SF
Lot
1.34 ac (58,370 SF)
APN
332489 23-3-51.2
UPID
US63-3022111
Jurisdiction
ORANGE
Zoning & alternative use
Zoning · permitted uses
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1997
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Cornwall Shopping LLC
Entity
Mailing address
40 CUTTERMILL RD STE #405, GREAT NECK, NY 11021-3213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2016
—
Cornwall Shopping LLC
—
Deed
related
$2,030,190 · Sterling Nat'l Bk
—
—
Cornwall Shopping LLC
—
Loan Modification
related
$2,030,190 · Sterling Nat'l Bk
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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