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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
56 Ctr St Millerton, NY 12546-5131
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-1591252
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1880
Total area
3,224 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GB
APN
133801 7271-14-367268-0000
UPID
US63-1591252
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
$505k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$484k
Blend (final)
Blend
$540k
Owner & transaction history
56 South Center LLC · 1 yrs held
56 South Center LLC
since 2025
Last sale
$582,000
4 recorded transactions
Zoning & alternative use
GB · Millerton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$520,000
+17.0%
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 Millerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millerton 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
$485,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$445,000
Current use
AUTO REPAIR, GARAGE
$520,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$360,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $582k (Jan 30 2025)
Last sale anchor
$582k
Jan 30 2025
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
$167 / 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
$5,499
Tax year 2020
Assessed value
$419,100
Assessed 2023
Previous assessed
$388,100
+8.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$69,300
Assessed improvement
$349,800
Land market value
$69,300
Improvement market value
$349,800
Total market value
$419,100
Applied tax rate
133,801.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1880
Heating
NONE
Stories
1
Total area
3,224 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GB
APN
133801 7271-14-367268-0000
UPID
US63-1591252
Jurisdiction
DUTCHESS
Zoning & alternative use
GB · Millerton, NY
Zoning GB · permitted uses
GB · Millerton, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millerton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$520,000
OFFICE BUILDING
Est. value
$360,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1880
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
56 South Center LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 567, SALISBURY, CT 06068-0567
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
$582,000
56 South Center LLC
Phillips Hathaway
Deed
—
Apr 13, 2017
$50,000
Irondale Dev Corp
Marpodco INC
Grant Deed
—
Mar 15, 2016
—
Phillips Hathaway
Hathaway Young INC
Quit Claim Deed
—
Dec 30, 2015
$300,000
Hathaway Young INC
Sidestreet Properties LLC
Grant 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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