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Property profile & analytics
OFF-MARKET
Warehouses
494 State Rte 416 Montgomery, NY 12549-2418
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2694303
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
3,972 SF
Lot
118 ac (5,140,080 SF)
Zoning code
I1
APN
334289 36-1-35
UPID
US63-2694303
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mre Propco LP · 4 yrs held
Mre Propco LP
since 2022
7 recorded transactions
Zoning & alternative use
I1 · Montgomery, 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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$52,000,000
Assessed 2023
Previous assessed
$50,912,000
+2.1% YoY
Assessed land
$6,400,000
Assessed improvement
$45,600,000
Land market value
$15,238,092
Improvement market value
$108,571,408
Total market value
$123,809,500
Applied tax rate
334,201.0000
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
2020
Heating
HOT WATER
Stories
1
Rooms
13
Bathrooms
3
Total area
3,972 SF
Lot
118 ac (5,140,080 SF)
Zoning code
I1
APN
334289 36-1-35
UPID
US63-2694303
Jurisdiction
ORANGE
Zoning & alternative use
I1 · Montgomery, NY
Zoning I1 · permitted uses
I1 · Montgomery, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montgomery. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Heating
HOT WATER
Stories
1
Rooms
13
Bathrooms
3
Lot
118 ac
Current owner
From public records · entity-resolved
Mre Propco LP
Entity
Mailing address
3 LKS DR, NORTHFIELD, IL 60093-2753
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
—
Mre Propco LP
Medline Industries LP
Deed
$165,527,686 · Goldman Sachs Bank USA
Oct 5, 2018
—
Aden Brook Agricultural LLC
—
Deed
related
$4,598,339 · Ulster Svgs Bk
Sep 27, 2018
$17,802,000
Medline Inds INC
Aden Brook Agricultural LLC
Grant Deed
—
Feb 22, 2017
—
Aden Brook Agricultural LLC
—
Deed
related
$600,000 · Walden Svgs Bk
Mar 24, 2016
$1,900,000
Aden Brook Agricultural LLC
Mazur,nellie F
Grant Deed
$1,540,000 · Nellie Mazur
Jan 31, 2007
—
Nellie F Mazur
Mazur,nellie F
Quit Claim Deed
related
—
—
—
Aden Brook Agricultural LLC
—
Loan Modification
related
$4,598,339 · Ulster Svgs Bk
—
—
Aden Brook Agricultural LLC
—
Deed Of Trust
related
$2,721,986 · Walden Svgs Bk
—
—
Aden Brook Agricultural LLC
—
Loan Modification, Consolidation And Extension
related
$420,000 · Walden Svgs Bk
—
—
Aden Brook Agricultural LLC
—
Deed Of Trust
related
$600,000 · Walden Svgs Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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