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Property profile & analytics
OFF-MARKET
Estimated value
$5,100,000
Grocery and convenience stores
4535 Commercial Dr New Hartford, NY 13413-6208
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-1855574
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1985
Total area
67,636 SF
Lot
0.01 ac (436 SF)
Zoning code
05 - COMMERCIAL
APN
304889 328.008-1-20.61
UPID
US63-1855574
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
-
Market 32 Pharmacy Pharmacy
-
Reginelli Floyd R Pharmacy
-
Francesca C. Raymond, RPH Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$5.10M
Owner & transaction history
Development LLC Wachs New Hartford · 11 yrs held
Development LLC Wachs New Hartford
since 2015
1 recorded transaction
Zoning & alternative use
05 - COMMERCIAL · New Hartford, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+112.6%
Auto repair, garage
$8.1M
+109.7%
Commercial (general)
$6.9M
+77.7%
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 New Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hartford 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
RETAIL STORES
$3,865,000
Current use
RESTAURANT
$8,210,000
Change: +113% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,100,000
Change: +110% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,865,000
Change: +78% · Conversion: Easy
WAREHOUSE, STORAGE
$3,625,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$3,240,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.10M
Range $4.59M – $5.61M · ±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
$75 / 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
$2,680,000
Assessed 2023
Previous assessed
$2,680,000
+0.0% YoY
Assessed improvement
$2,680,000
Improvement market value
$4,701,754
Total market value
$4,701,754
Applied tax rate
304,801.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
67,636 SF
Lot
0.01 ac (436 SF)
Zoning code
05 - COMMERCIAL
APN
304889 328.008-1-20.61
UPID
US63-1855574
Jurisdiction
ONEIDA
Zoning & alternative use
05 - COMMERCIAL · New Hartford, NYZoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · New Hartford, 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
RETAIL STORES Current
Est. value
$3.9M
RESTAURANT
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$6.9M
WAREHOUSE, STORAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1985
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Development LLC Wachs New Hartford
Entity
Free & Clear · 11 yrs held
Mailing address
215 W CHURCH RD STE #107, KING OF PRUSSIA, PA 19406-3209
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2015
$7,500,000
Development LLC Wachs New Hartford
Mistedo Enterprises INC
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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