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Property profile & analytics
OFF-MARKET
Estimated value
$19,275,000
Manufacturing properties
488 State Rte 5c, Elbridge, NY 13060-9621
Entity Owned
Free & Clear
Property ID
US63-4069578
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2009
Total area
305,558 SF
Lot
28.34 ac (1,234,490 SF)
Zoning code
9
APN
312889 040.-04-23.2
UPID
US63-4069578
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.11M
Comparable Approach
Comparable
$24.57M
Blend (final)
Blend
$19.28M
Owner & transaction history
H & H ELBRIDGE LLC
H & H ELBRIDGE LLC
Zoning & alternative use
9 · Elbridge, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$31.5M
+131.6%
Commercial (general)
$27.9M
+105.2%
Warehouse, storage
$18.2M
+33.9%
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 Elbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elbridge 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%
$22,865,000
6.5%
$21,110,000
7%
$19,600,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,585,000
Current use
AUTO REPAIR, GARAGE
$31,460,000
Change: +132% · Conversion: Easy
COMMERCIAL (GENERAL)
$27,880,000
Change: +105% · Conversion: Difficult
WAREHOUSE, STORAGE
$18,195,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$19.28M
Range $17.35M – $21.20M · ±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
$63 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$16,502,500
Assessed 2023
Previous assessed
$16,502,500
+0.0% YoY
Assessed land
$565,000
Assessed improvement
$15,937,500
Land market value
$697,531
Improvement market value
$19,675,926
Total market value
$20,373,457
Applied tax rate
312,801.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
3
Stories
1
Total area
305,558 SF
Lot
28.34 ac (1,234,490 SF)
Zoning code
9
APN
312889 040.-04-23.2
UPID
US63-4069578
Jurisdiction
ONONDAGA
Zoning & alternative use
9 · Elbridge, NY
Zoning 9 · permitted uses
9 · Elbridge, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elbridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$31.5M
COMMERCIAL (GENERAL)
Est. value
$27.9M
WAREHOUSE, STORAGE
Est. value
$18.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2009
Heating
NONE
Stories
1
Buildings
3
Lot
28.34 ac
Current owner
From public records · entity-resolved
H & H ELBRIDGE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
700 VISIONS DR BLDG C, SKANEATELES, NY 13152-6475
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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