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    Property profile & analytics

    4551 Commercial Dr New Hartford, NY 13413-6208

    • Strip malls
    • 3,838 SF
    • 0.01 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US63-3398844
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Robert D. Lemieux, OD / Optometrist
    • DONALD BRUCE KNAPP / Optometrist
    • Dr. Scott Bushinger / Optometrist
    • DEBRA A BOOTON / Optometrist
    • Empire Visionworks / Optometrist / Optician

    Property Details for 4551 Commercial Dr

    Year built
    1988
    Lot size
    0.01 lot acres
    Property size
    3,838 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    304889 328.008-1-20.64
    APU
    30488932800812064

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $260,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $275,000
      Mixed-Use
      $270,000
      Hospitality
      $265,000
      Educational
      $235,000
      Residential Income
      $215,000
      Energy
      $225,000
      Income-Based Land
      $205,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    New Hartford
    County
    Oneida
    State
    New York
    Longitude
    -75.3196
    Latitude
    43.0857
    CBSA code
    46540
    CBSA name
    UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $90,100
    $164,900
    $255,000
    -
    $158,070
    $289,298
    $447,368

    Comparable in this City

    • Value Estimation by Request
      38,356 SF

      4571 Commercial Dr, Unit 4585

      SHOPPING CENTER, STRIP CENTER • 38,356 SF
      4571 Commercial Dr, New Hartford, NY 13413-6208
      View Details
    • Value Estimation
      $4,660,000
      8,880 SF

      4642 Commercial Dr, Unit 4666

      SHOPPING CENTER, STRIP CENTER • 8,880 SF
      4642 Commercial Dr, New Hartford, NY 13413-6203
      View Details
    • Value Estimation by Request
      16,540 SF

      8496 Seneca Tpke, Unit 8504

      SHOPPING CENTER, STRIP CENTER • 16,540 SF
      8496 Seneca Tpke, New Hartford, NY 13413-4960
      View Details
    • Value Estimation by Request
      130,543 SF

      44 Kellogg Rd, Unit 54

      SHOPPING CENTER, STRIP CENTER • 130,543 SF
      44 Kellogg Rd, New Hartford, NY 13413-2850
      View Details
    • Value Estimation
      $465,000
      24,320 SF

      4525-4529 Commercial Dr

      SHOPPING CENTER, STRIP CENTER • 24,320 SF
      4525-4529 Commercial Dr, New Hartford, NY 13413
      View Details
    • Value Estimation by Request
      25,772 SF

      3476 1st St

      SHOPPING CENTER, STRIP CENTER • 25,772 SF
      3476 1st St, New Hartford, NY 13413-9502
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

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      Retail space available in high-traffic Crossroads Plaza.
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      Retail or office space with high traffic and visibility.
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      Retail Space Near Retail Corridor

      Retail space available in high-traffic, visible New Hartford location.
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      View Details
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    New Hartford, NY 13413-6208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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