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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Investment properties
559 State Rte 32, Highland Mills, NY 10930-5157
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1798992
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1985
Total area
4,953 SF
Lot
3.3 ac (143,748 SF)
Zoning code
LC
APN
335809 237-1-124
UPID
US63-1798992
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
$665k
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$690k
Owner & transaction history
Colleen Pearce · 9 yrs held
Colleen Pearce
since 2016
3 recorded transactions
Zoning & alternative use
LC · Highland Mills, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+45.6%
Office building
$940,000
+34.3%
Auto repair, garage
$825,000
+17.8%
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 Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Mills 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%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$700,000
Current use
RETAIL STORES
$1,020,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$940,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$825,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$139 / 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
$277,000
Assessed 2023
Previous assessed
$277,000
+0.0% YoY
Assessed land
$75,000
Assessed improvement
$202,000
Land market value
$255,975
Improvement market value
$689,425
Total market value
$945,400
Applied tax rate
334,001.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
PARTIAL
Buildings
3
Stories
3
Total area
4,953 SF
Lot
3.3 ac (143,748 SF)
Zoning code
LC
APN
335809 237-1-124
UPID
US63-1798992
Jurisdiction
ORANGE
Zoning & alternative use
LC · Highland Mills, NY
Zoning LC · permitted uses
LC · Highland Mills, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Highland Mills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$700,000
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$825,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1985
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Lot
3.3 ac
Current owner
From public records · entity-resolved
Colleen Pearce
Individual
Mailing address
135 SMITH CLOVE RD, CENTRAL VALLEY, NY 10917-3404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2016
—
Colleen Pearce
—
Deed
related
$450,000 · Td Bk NA
—
—
Collen Pearce
—
Deed Of Trust
related
$400,000 · Warwick Bank
—
—
Colleen Pearce
—
Deed Of Trust
related
$450,000 · Td Bk NA
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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