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Property profile & analytics
FOR LEASE
Grocery and convenience stores
658 Main St Arcade, NY 14009
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-1072544
For Lease
1 / 2
$2,955,000
658 Main St, Arcade, NY 14009
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Total area
63,556 SF
Lot
11.92 ac (519,235 SF)
Zoning code
23
APN
562001 182.15-1-12
UPID
US63-1072544
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
-
Tops Pharmacy Pharmacy
-
TOPS Friendly Markets Specialty Food Shop Supermarket
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Sky Ny Holdings LLC · 4 yrs held
Sky Ny Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
23 · Arcade, 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 Arcade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcade 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
COMMERCIAL (GENERAL)
$4,905,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$4,770,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,245,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±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
$46 / 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
Property tax & assessments
Assessed value
$3,630,000
Assessed 2023
Previous assessed
$3,630,000
+0.0% YoY
Assessed land
$299,900
Assessed improvement
$3,330,100
Land market value
$333,222
Improvement market value
$3,700,111
Total market value
$4,033,333
Applied tax rate
48,401.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1995
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
63,556 SF
Lot
11.92 ac (519,235 SF)
Zoning code
23
APN
562001 182.15-1-12
UPID
US63-1072544
Jurisdiction
WYOMING
Zoning & alternative use
23 · Arcade, NY
Zoning 23 · permitted uses
23 · Arcade, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcade. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL)
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
1995
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
11.92 ac
Current owner
From public records · entity-resolved
Sky Ny Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
10101 FONDREN RD STE #545, HOUSTON, TX 77096-5148
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$4,017,500
Sky Ny Holdings LLC
Tg Cotops Arcade Ny LLC
Deed
—
May 11, 2022
$250,000
668 West Main Street LLC
Tg Cotops Arcade Ny LLC
Deed
—
Feb 20, 2020
—
Tg-cotops Arcade Ny LLC
—
Deed
related
$4,233,043 · Metropolitan Com'l Bk
Feb 12, 2014
$3,580,118
Tg-cotops Arcade Ny LLC
Cole Of Cotops Arcade Ny LLC
Grant Deed
$10,660,836 · Arbor Com'l Mtg
Jun 10, 2010
$4,363,959
Cole & Cotops Arcade Ny LLC
Benderson-arcade Assn LLC
Grant Deed
—
—
—
Tg-cotops Arcade Ny LLC
—
Deed Of Trust
related
$4,233,043 · Metropolitan Com'l Bk
—
—
Tg-cotops Arcade Ny LLC
—
Loan Modification
related
$35,000,000 · Metropolitan Com'l Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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