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Property profile & analytics
FOR SALE
Investment properties
56 Water St Fort Covington, NY 12937
Individually Owned
Free & Clear
Property ID
US63-1984397
For Sale
1 / 4
$75,000
56 Water St, Fort Covington, NY 12937
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Total area
1,680 SF
Lot
0.06 ac (2,614 SF)
Zoning code
01 - NOT ZONED
APN
164200 6.13-10-2
UPID
US63-1984397
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael Kevin Pehush T
Michael Kevin Pehush T
since 2025
4 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Fort Covington, 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 Fort Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Covington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$38,600
Assessed 2023
Previous assessed
$38,600
+0.0% YoY
Assessed land
$7,200
Assessed improvement
$31,400
Land market value
$9,863
Improvement market value
$43,014
Total market value
$52,877
Applied tax rate
164,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Heating
NONE
Buildings
1
Stories
2
Total area
1,680 SF
Lot
0.06 ac (2,614 SF)
Zoning code
01 - NOT ZONED
APN
164200 6.13-10-2
UPID
US63-1984397
Jurisdiction
FRANKLIN
Zoning & alternative use
01 - NOT ZONED · Fort Covington, NY
Zoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Fort Covington, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Covington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
2
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Michael Kevin Pehush T
Individual
Free & Clear · 0 yrs held
Mailing address
106 MARSHAY MDWS RD, YOUNGSVILLE, NC 27596-9519
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
Aug 5, 2025
—
Michael Kevin Pehush T
Pehush Michael K Est
Deed
—
Nov 17, 2021
$31,000
Michael K Pehush
Craig Tucker
Warranty Deed
—
Nov 13, 2015
$23,500
Craig Tucker
Jock,thomas L & Joann F
Warranty Deed
—
Dec 6, 2005
$22,000
Thomas Jock
Avery,martin
Warranty Deed
related
—
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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