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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Mining land & claims
5520 Geneseo Mt Morris Rd, Groveland, NY 14462
Entity Owned
15-yr Hold
Free & Clear
Property ID
US63-1884744
Property profile
Verified
Property type
Mining land & claims
Use group
MINING, MINERAL, QUARRIES
Year built
2000
Total area
9,600 SF
Lot
118.01 ac (5,140,516 SF)
Zoning code
05 - COMMERCIAL
APN
242800 98.-1-1.1
UPID
US63-1884744
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Nomi Holder LLC · 15 yrs held
Nomi Holder LLC
since 2010
1 recorded transaction
Zoning & alternative use
05 - COMMERCIAL · Groveland, 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 Groveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groveland 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$930,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$925,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$640,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$485,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$61 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$22,557
Tax year 2020
Assessed value
$51,891,958
Assessed 2023
Previous assessed
$45,326,751
+14.5% YoY
Effective rate
0.04%
On assessed value
Assessed land
$620,831
Assessed improvement
$51,271,127
Land market value
$620,832
Improvement market value
$51,271,168
Total market value
$51,892,000
Applied tax rate
242,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Mining land & claims
Use group
MINING, MINERAL, QUARRIES
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
3
Stories
1
Total area
9,600 SF
Lot
118.01 ac (5,140,516 SF)
Zoning code
05 - COMMERCIAL
APN
242800 98.-1-1.1
UPID
US63-1884744
Jurisdiction
LIVINGSTON
Zoning & alternative use
05 - COMMERCIAL · Groveland, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Groveland, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Groveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$930,000
OFFICE BUILDING
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$640,000
WAREHOUSE, STORAGE
Est. value
$485,000
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Heating
NONE
Stories
1
Buildings
3
Lot
118.01 ac
Current owner
From public records · entity-resolved
Nomi Holder LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 190, MOUNT MORRIS, NY 14510-0190
Mailing matches property
Yes
Owner-occupied
Yes
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
Oct 1, 2010
—
Nomi Holder LLC
LLC American Rock Salt Compan
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.
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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