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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Medical Office Space
606 Old Rte 17, Harris, NY 12742
Entity Owned
29-yr Hold
Free & Clear
Property ID
US63-2730872
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2003
Total area
27,686 SF
Lot
13.23 ac (576,299 SF)
Zoning code
NC
APN
484689 7.-1-27.1
UPID
US63-2730872
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
$3.52M
Blend (final)
Blend
$3.40M
Owner & transaction history
Paon Management Corp · 29 yrs held
Paon Management Corp
since 1996
2 recorded transactions
Zoning & alternative use
NC · Harris, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+15.7%
Restaurant
$2.5M
+13.1%
Auto repair, garage
$2.4M
+13.0%
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 Harris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harris 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,165,000
Current use
COMMERCIAL (GENERAL)
$2,505,000
Change: +16% · Conversion: Easy
RESTAURANT
$2,450,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,445,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$2,175,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±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
$123 / 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
$4,405,000
Assessed 2023
Previous assessed
$4,405,000
+0.0% YoY
Assessed land
$68,700
Assessed improvement
$4,336,300
Land market value
$137,400
Improvement market value
$8,672,600
Total market value
$8,810,000
Applied tax rate
484,601.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
27,686 SF
Lot
13.23 ac (576,299 SF)
Zoning code
NC
APN
484689 7.-1-27.1
UPID
US63-2730872
Jurisdiction
SULLIVAN
Zoning & alternative use
NC · Harris, NY
Zoning NC · permitted uses
NC · Harris, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harris. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2003
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
13.23 ac
Current owner
From public records · entity-resolved
Paon Management Corp
Entity
Free & Clear · 29 yrs held
Mailing address
PO BOX 840, HARRIS, NY 12742-0840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2011
—
Center For Discovery INC
—
Deed Of Trust
related
$70,588,000 · Sullivan County Funding Corp
Oct 1, 1996
$175,000
Paon Management Corp
Harriet Goldberg Estate
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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