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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Showrooms
6 Alta Way, Lakewood, NY 14750-1167
Individually Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-5835130
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2009
Total area
8,032 SF
Lot
0.19 ac (8,100 SF)
Zoning code
02 - SINGLE RESIDENCE
APN
062201 368.19-1-27
UPID
US63-5835130
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
-
Brick Elephant Design LLC Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$439k
Blend (final)
Blend
$640k
Owner & transaction history
Tim Shults · 15 yrs held
Tim Shults
since 2010
6 recorded transactions
Zoning & alternative use
02 - SINGLE RESIDENCE · Lakewood, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$805,000
+104.2%
Office building
$725,000
+84.4%
Auto repair, garage
$505,000
+28.0%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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%
$880,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$395,000
Current use
RESTAURANT
$805,000
Change: +104% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +84% · Conversion: Easy
AUTO REPAIR, GARAGE
$505,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$80 / 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
Assessed value
$359,700
Assessed 2023
Previous assessed
$359,700
+0.0% YoY
Assessed land
$23,000
Assessed improvement
$336,700
Land market value
$34,331
Improvement market value
$502,569
Total market value
$536,900
Applied tax rate
62,201.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
1
Stories
2
Total area
8,032 SF
Lot
0.19 ac (8,100 SF)
Zoning code
02 - SINGLE RESIDENCE
APN
062201 368.19-1-27
UPID
US63-5835130
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
02 - SINGLE RESIDENCE · Lakewood, NY
Zoning 02 - SINGLE RESIDENCE · permitted uses
02 - SINGLE RESIDENCE · Lakewood, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$395,000
RESTAURANT
Est. value
$805,000
OFFICE BUILDING
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$505,000
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2009
Heating
NONE
Stories
2
Buildings
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Tim Shults
Individual
Mailing address
12 ALTA WAY, LAKEWOOD, NY 14750-1144
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
—
Laurie L Shults
—
Deed
related
$84,800 · Cattaraugus County Bank
Jun 14, 2018
—
Laurie L Shults
—
Deed
related
$339,200 · Cattaraugus County Bank
May 10, 2016
—
Tim M Shults
—
Deed
related
$200,000 · Cattaraugus County Bank
Dec 30, 2010
$750,000
Tim Shults
Laurie Lynn Shults
Intrafamily Transfer
related
—
Sep 22, 2008
—
Laurie Lynn Shults
Betsy Shults Tim M Shults
Intrafamily Transfer
related
—
Aug 21, 2008
$53,000
Laurie Lynn Shults
Lee W Trust Darling
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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