Individually Owned Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1984
Total area
2,995 SF
Lot
0.43 ac (18,731 SF)
Zoning code
R-22
APN
392489 77.05-1-7
UPID
US63-3072167
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$980k
Owner & transaction history
since 2023
Last sale
$815,000
3 recorded transactions
Zoning & alternative use
R-22 · Tappan, NY
Top alternative use upside
Office building
$1.5M
+40.8%
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 21 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$980k
Value range
$882k – $1.08M
±10% around blend
Estimated value / SF
$327 / SF
Confidence
High
21 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
$882k
blend $980k
$1.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,995 SF
Lot area
0.43 ac
Year built
1984
Stories
2
APN
392489 77.05-1-7
Zoning
R-22
Assessed value
$246,200
3
Income approach: direct capitalization
Partial preview
Income approach indication
$935k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.01M
@ 6.5% CAP return
$935k
@ 7% CAP return
$865k
4
Sales comparison
Partial preview
Sales approach indication
$990k
Weighted, 20 comps · high confidence
Evidence
21 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.7 mi away · 3,436 SF
5.6 mi away · 3,661 SF
6.0 mi away · 2,763 SF
6.2 mi away · 2,478 SF
6.3 mi away · 2,635 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$980k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 215 sales
$367
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $327/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+41%
vs current-use indication
Commercial (general) · current use
Warehouse, Storage
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 21 sales
Market rates by use type
PDF export
Analytics Standard · 5 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$815k
Move the market yield to see immediate price impact.
Value / SF
$272
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%
$51k
$1.03M
$733k
$571k
$57k
$1.14M
$815k
$634k
$63k
$1.26M
$896k
$697k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
21 found
High confidence · county-verified
Closest comparable
$1.15M
4.4 mi · Aug 2025 · $509/SF
Property tax & assessments
Property tax & assessments
Assessed value
$246,200
Assessed 2023
Previous assessed
$246,200
+0.0% YoY
Assessed land
$70,800
Assessed improvement
$175,400
Land market value
$198,709
Improvement market value
$492,282
Total market value
$690,991
Applied tax rate
392,408.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1984
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
2,995 SF
Lot
0.43 ac (18,731 SF)
Zoning code
R-22
APN
392489 77.05-1-7
UPID
US63-3072167
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-22 · Tappan, NYZoning R-22 · permitted uses
R-22 · Tappan, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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
1984
Heating
HOT WATER
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-22
Jurisdiction
Tappan, NY
Recorded code
R-22
Ownership Intelligence
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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
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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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