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Property profile & analytics
OFF-MARKET
Auto shops
501 Albany St, Herkimer, NY 13350-1714
Individually Owned
16-yr Hold
Free & Clear
Property ID
US63-0113260
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1930
Total area
2,320 SF
Lot
0.11 ac (4,800 SF)
Zoning code
C1
APN
213001 120.24-6-16
UPID
US63-0113260
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
Michael Spisak · 16 yrs held
Michael Spisak
since 2010
1 recorded transaction
Zoning & alternative use
C1 · Herkimer, 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 Herkimer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Herkimer 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 2020Property tax & assessments
Tax year 2020
Tax billed
$4,664
Tax year 2020
Assessed value
$75,000
Assessed 2023
Previous assessed
$75,000
+0.0% YoY
Effective rate
6.22%
On assessed value
Assessed land
$10,300
Assessed improvement
$64,700
Land market value
$15,147
Improvement market value
$95,147
Total market value
$110,294
Applied tax rate
213,001.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1930
Heating
STEAM
Buildings
2
Stories
1
Bathrooms
1
Total area
2,320 SF
Lot
0.11 ac (4,800 SF)
Zoning code
C1
APN
213001 120.24-6-16
UPID
US63-0113260
Jurisdiction
HERKIMER
Zoning & alternative use
C1 · Herkimer, NY
Zoning C1 · permitted uses
C1 · Herkimer, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Herkimer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
STEAM
Stories
1
Buildings
2
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Michael Spisak
Individual
Free & Clear · 16 yrs held
Mailing address
17 S PARK PL, HERKIMER, NY 13350-1824
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2010
$107,500
Michael Spisak
Christopher Juliano
Deed
—
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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