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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Investment properties
487 Broadway Newburgh, NY 12550-5310
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-1073906
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Total area
8,950 SF
Lot
0.29 ac (12,632 SF)
Zoning code
BC
APN
331100 34-1-2
UPID
US63-1073906
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
-
Eddy's Jerk Center Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.40M
Owner & transaction history
Newburgh Shg 119 LLC · 2 yrs held
Newburgh Shg 119 LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
BC · Newburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+79.6%
Office building
$1.7M
+65.6%
Auto repair, garage
$1.5M
+45.3%
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 Newburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburgh 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
$1,260,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,030,000
Current use
RETAIL STORES
$1,845,000
Change: +80% · Conversion: Easy
OFFICE BUILDING
$1,705,000
Change: +66% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,495,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$845,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.45M (Nov 30 2023)
Last sale anchor
$1.45M
Nov 30 2023
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
$156 / 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
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$938,000
Assessed 2023
Previous assessed
$703,900
+33.3% YoY
Assessed land
$148,200
Assessed improvement
$789,800
Land market value
$148,200
Improvement market value
$789,800
Total market value
$938,000
Applied tax rate
331,100.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Heating
NONE
Cooling
PARTIAL
Buildings
3
Stories
3
Total area
8,950 SF
Lot
0.29 ac (12,632 SF)
Zoning code
BC
APN
331100 34-1-2
UPID
US63-1073906
Jurisdiction
ORANGE
Zoning & alternative use
BC · Newburgh, NY
Zoning BC · permitted uses
BC · Newburgh, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newburgh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$845,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1890
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Newburgh Shg 119 LLC
Entity
Mailing address
8 BOND ST STE #100, GREAT NECK, NY 11021-2451
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
—
Newburgh Shg 119 LLC
—
Deed
related
$350,000 · Sgaj LLC
Nov 30, 2023
$1,450,000
Newburgh Shg 119 LLC
Sgaj LLC
Deed
$1,380,000 · Sharestate Intercap
Jul 26, 2022
—
Miguel A Nin
—
Deed
related
$90,000 · Mid Hudson Valley FCU
Nov 3, 2021
—
Carmela Bianchi
—
Deed
related
$188,000 · Heritage Financial Credit Union
Apr 20, 2018
—
Sgaj LLC
—
Deed
related
$800,000 · Walden Federal Savings Bank
Mar 23, 2010
—
Sgaj LLC
Boutureira,salvador
Grant Deed
related
—
—
—
Phong Pham
—
Deed Of Trust
related
$3,830 · City Of Newburgh
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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