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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Banks
529 Main St Highland Falls, NY 10928-2014
Entity Owned
Absentee Owner
Free & Clear
Property ID
US63-3817237
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2011
Total area
6,428 SF
Lot
0.54 ac (23,517 SF)
Zoning code
B-1
APN
333601 103-12-14
UPID
US63-3817237
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
-
USAA Financial Center Bank Loan Service
-
USAA Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
USAA BUILDING
USAA BUILDING
Zoning & alternative use
B-1 · Highland Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ltiple-Dwelling Residence. (6) R-5A District, Apartment, Multiple-Dwelling and Affordable Housing. (7) R-6 District, Apartment-Motel Residence. (8) R-MHC District, Mobile Home Court Residence. B. Business districts. (1) B-1 District, Village Business. (2) B-2 District, Highway Commercial. [1] Editor's Note: L.L. No. 1-2025 provided that "any application to d…
Zone name
Village Business
General category
CIVIC_INSTITUTIONAL
Zone area
43.22 ac
Top alternative use upside
Restaurant
$805,000
+41.5%
Office building
$695,000
+22.4%
Auto repair, garage
$635,000
+11.8%
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 Highland Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Falls 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$570,000
Current use
RESTAURANT
$805,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$590,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$565,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$545,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$96 / 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
$1,289,910
Assessed 2023
Previous assessed
$2,048,700
-37.0% YoY
Assessed land
$149,800
Assessed improvement
$1,140,110
Land market value
$216,006
Improvement market value
$1,643,994
Total market value
$1,860,000
Applied tax rate
333,601.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
6,428 SF
Lot
0.54 ac (23,517 SF)
Zoning code
B-1
APN
333601 103-12-14
UPID
US63-3817237
Jurisdiction
ORANGE
Zoning & alternative use
B-1 · Highland Falls, NYZoning B-1 · permitted uses
B-1 · Highland Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ltiple-Dwelling Residence. (6) R-5A District, Apartment, Multiple-Dwelling and Affordable Housing. (7) R-6 District, Apartment-Motel Residence. (8) R-MHC District, Mobile Home Court Residence. B. Business districts. (1) B-1 District, Village Business. (2) B-2 District, Highway Commercial. [1] Editor's Note: L.L. No. 1-2025 provided that "any application to develop property located in the B-3 zoning district that has received a Negative Dec
Zone name
Village Business
General category
CIVIC_INSTITUTIONAL
Zone area
43.22 ac
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$570,000
RESTAURANT
Est. value
$805,000
OFFICE BUILDING
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RETAIL STORES
Est. value
$565,000
MEDICAL BUILDING
Est. value
$545,000
FINANCIAL BUILDING Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
2011
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
USAA BUILDING
Individual
Free & Clear · 0 yrs held
Mailing address
9430 RESEARCH BLVD STE 1-400, AUSTIN, TX 78759-6295
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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