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Property profile & analytics
OFF-MARKET
Estimated value
$2,685,000
Warehouses
534 Glasco Tpke Saugerties, NY 12477-4309
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2611577
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
32,000 SF
Lot
11.9 ac (518,364 SF)
Zoning code
02 - SINGLE RESIDENCE
APN
514889 28.4-3-1.210
UPID
US63-2611577
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
-
Aden CMA Bulk Corp (Former Mt. Marion Materials) Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.69M
Owner & transaction history
Aden Marion LLC · 3 yrs held
Aden Marion LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
02 - SINGLE RESIDENCE · Saugerties, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.4M
+48.3%
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 Saugerties submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugerties 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
$3,095,000
ML approach
$2,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,935,000
Current use
OFFICE BUILDING
$4,355,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.95M · ±10% · vs last sale $2.80M (Aug 15 2022)
Last sale anchor
$2.80M
Aug 15 2022
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
$84 / 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
Property tax & assessments
Assessed value
$1,607,000
Assessed 2023
Previous assessed
$1,434,500
+12.0% YoY
Assessed land
$164,500
Assessed improvement
$1,442,500
Land market value
$164,500
Improvement market value
$1,442,500
Total market value
$1,607,000
Applied tax rate
514,801.0000
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
1996
Heating
NONE
Buildings
3
Stories
1
Total area
32,000 SF
Lot
11.9 ac (518,364 SF)
Zoning code
02 - SINGLE RESIDENCE
APN
514889 28.4-3-1.210
UPID
US63-2611577
Jurisdiction
ULSTER
Zoning & alternative use
02 - SINGLE RESIDENCE · Saugerties, NY
Zoning 02 - SINGLE RESIDENCE · permitted uses
02 - SINGLE RESIDENCE · Saugerties, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugerties. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$4.4M
WAREHOUSE, STORAGE Current
OFFICE 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
1996
Heating
NONE
Stories
1
Buildings
3
Lot
11.9 ac
Current owner
From public records · entity-resolved
Aden Marion LLC
Entity
Mailing address
PO BOX 217, MONTGOMERY, NY 12549-0217
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2023
—
Aden Marion LLC
—
Deed
related
$1,880,000 · Wallkill Valley Fsla
Aug 15, 2022
$2,800,000
Aden Marion LLC
Mount Marion Materials
Deed
$1,120,000 · Mount Marion Material
Jun 24, 2008
$550,000
Mount Marion Materials INC
S & S Salt & Materials Distrib
Grant Deed
$760,000 · Rondout Savings Bank
Mar 30, 2006
—
S S Salt Distribut
Myer & Stock Salt & Realty Ven
Quit Claim Deed
related
—
—
—
Mount Marion Materials INC
—
Deed Of Trust
related
$1,680,000 · Rondout Savings Bank
—
—
Mount Marion Materials INC
—
Deed Of Trust
related
$412,812 · Rondout Savings Bank
—
—
Mount Marion Materials INC
—
Deed Of Trust
related
$1,500,000 · Bank Of Greene Cnty
—
—
Mount Marion Materials INC
—
Deed Of Trust
related
$575,798 · Rondout Savings Bank
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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