Individually Owned 
For Lease
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475 State Route 17M, Monroe, NY 10950
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Property summary
AI-generated overview
This property is a shopping center situated along a dense retail corridor and includes on-site parking intended to support customer visits. The immediate surrounding area includes a mix of national and regional retailers and service businesses, including pharmacy, grocery, discount and department stores, home goods and office supply retailers, apparel and variety stores, consumer electronics and telecommunications, quick-service restaurants, salons, and other neighborhood services such as a United States Postal Service location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Total area
48,282 SF
Lot
6.5 ac (283,140 SF)
Zoning code
GB
APN
334001 222-2-5.2
UPID
US63-1631742
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
since 2019
7 recorded transactions
Zoning & alternative use
GB · Monroe, NY
Zoning description
ntral sewer). (5) SR-10 Suburban Residential District (10,000-square-foot lot with central sewer). (6) UR-M Urban Residential-Multifamily District. B. Nonresidential districts: (1) NB Neighborhood Business District. (2)…
General category
CIVIC_INSTITUTIONAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$715k
Value range
$644k – $787k
±10% around blend
Estimated value / SF
$15 / SF
Confidence
Property data
88
Comparable evidence
60
$644k
blend $715k
$787k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
48,282 SF
Lot area
6.5 ac
Year built
1992
Stories
1
APN
334001 222-2-5.2
Zoning
GB
Assessed value
$1,089,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$715k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.09M
Move the market yield to see immediate price impact.
Value / SF
$23
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$69k
$1.37M
$980k
$762k
$76k
$1.52M
$1.09M
$847k
$84k
$1.68M
$1.20M
$932k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$1,089,000
Assessed 2023
Previous assessed
$1,089,000
+0.0% YoY
Assessed land
$195,000
Assessed improvement
$894,000
Land market value
$1,590,530
Improvement market value
$7,291,970
Total market value
$8,882,500
Applied tax rate
334,001.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1992
Heating
NONE
Buildings
1
Stories
1
Total area
48,282 SF
Lot
6.5 ac (283,140 SF)
Zoning code
GB
APN
334001 222-2-5.2
UPID
US63-1631742
Jurisdiction
ORANGE
Zoning & alternative use
GB · Monroe, NYZoning GB · permitted uses
GB · Monroe, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ntral sewer). (5) SR-10 Suburban Residential District (10,000-square-foot lot with central sewer). (6) UR-M Urban Residential-Multifamily District. B. Nonresidential districts: (1) NB Neighborhood Business District. (2)…
General category
CIVIC_INSTITUTIONAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Stories
1
Buildings
1
Lot
6.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
GB
CIVIC_INSTITUTIONAL
Jurisdiction
Monroe, NY
Recorded code
GB
Official district
GB
Official district profile
What the municipal code says about GB
Zoning description
ntral sewer). (5) SR-10 Suburban Residential District (10,000-square-foot lot with central sewer). (6) UR-M Urban Residential-Multifamily District. B. Nonresidential districts: (1) NB Neighborhood Business District. (2)…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Monroe, NY.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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