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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Warehouses
47 Steves Ln, Gardiner, NY 12525-5322
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-1129433
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
33,720 SF
Lot
8.6 ac (374,616 SF)
Zoning code
CLI
APN
512400 93.4-2-39.210
UPID
US63-1129433
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
-
Gillette Creamery Big Box & Wholesale Store Food Market
-
GlacierPoint Hudson Valley Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.42M
Owner & transaction history
Gillette Brothers Holdings LLC · 16 yrs held
Gillette Brothers Holdings LLC
since 2009
7 recorded transactions
Zoning & alternative use
CLI · Gardiner, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gardiner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardiner 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
WAREHOUSE, STORAGE
$3,095,000
Current use
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±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
$72 / 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
$1,400,000
Assessed 2023
Previous assessed
$1,400,000
+0.0% YoY
Assessed land
$200,000
Assessed improvement
$1,200,000
Land market value
$298,507
Improvement market value
$1,791,045
Total market value
$2,089,552
Applied tax rate
513,801.0000
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
2000
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
33,720 SF
Lot
8.6 ac (374,616 SF)
Zoning code
CLI
APN
512400 93.4-2-39.210
UPID
US63-1129433
Jurisdiction
ULSTER
Zoning & alternative use
CLI · Gardiner, NY
Zoning CLI · permitted uses
CLI · Gardiner, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardiner. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
WAREHOUSE, STORAGE Current
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
2000
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
8.6 ac
Current owner
From public records · entity-resolved
Gillette Brothers Holdings LLC
Entity
Mailing address
PO BOX 256, GARDINER, NY 12525-0256
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2021
—
Gillette Bro Hldg LLC
—
Deed
related
$865,811 · Rondout Savings Bank
Dec 15, 2009
—
Gillette Brothers Holdings LLC
Gillette Brothers Holdings LLC
Bargain And Sale Deed
$1,000,000 · Rondout Savings Bank
Dec 15, 2009
$1,800,000
Gillette Brothers Holdings LLC
Goodman Holdings LLC
Grant Deed
related
—
Sep 30, 1999
—
Goodman Holdings LLC
Goodman,eric & Barbara
Quit Claim Deed
related
—
Aug 5, 1999
$200,000
Eric Goodman
Carfizzi,filomena
Grant Deed
$160,000 · Seller
—
—
Gillette,phyllis C Trust
—
Deed Of Trust
related
$400,000 · County Of Ulster
—
—
Phyljohn Distributors INC
—
Loan Modification
related
$240,000 · County Of Ulster
—
—
Gillette Brothers Holdings LLC
—
Deed Of Trust
related
$808,000 · Empire State Certified Dev
—
—
Gillette Brothers Holdings LLC
—
Deed Of Trust
related
$1,315,000 · Rondout Savings Bank
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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