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Property profile & analytics
OFF-MARKET
Estimated value
$9,625,000
Community centers
6788 State Rte 31st E, Newark, NY 14513-9232
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-5352031
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2010
Total area
147,308 SF
Lot
27.02 ac (1,176,991 SF)
Zoning code
B3
APN
542001 69111-00-342234
UPID
US63-5352031
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
$9.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.63M
Owner & transaction history
Ns Retail Hldgs LLC · 6 yrs held
Ns Retail Hldgs LLC
since 2020
Last sale
$9.2M
2 recorded transactions
Zoning & alternative use
B3 · Newark, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.1M
+274.4%
Auto repair, garage
$12.1M
+271.8%
Commercial (general)
$11.5M
+255.9%
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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
$10,490,000
ML approach
$9,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$12,135,000
Change: +274% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,050,000
Change: +272% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,535,000
Change: +256% · Conversion: Easy
RETAIL STORES
$10,240,000
Change: +216% · Conversion: Easy
OFFICE BUILDING
$7,955,000
Change: +145% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,855,000
Change: +112% · Conversion: Difficult
Blend value · Realmo final
$9.63M
Range $8.66M – $10.59M · ±10% · vs last sale $9.15M (May 19 2020)
Last sale anchor
$9.15M
May 19 2020
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
$65 / 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
$8,900,000
Assessed 2023
Previous assessed
$8,900,000
+0.0% YoY
Assessed land
$322,000
Assessed improvement
$8,578,000
Land market value
$503,125
Improvement market value
$13,403,125
Total market value
$13,906,250
Applied tax rate
542,001.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
147,308 SF
Lot
27.02 ac (1,176,991 SF)
Zoning code
B3
APN
542001 69111-00-342234
UPID
US63-5352031
Jurisdiction
WAYNE
Zoning & alternative use
B3 · Newark, NY
Zoning B3 · permitted uses
B3 · Newark, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newark. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$11.5M
RETAIL STORES
Est. value
$10.2M
OFFICE BUILDING
Est. value
$8.0M
WAREHOUSE, STORAGE
Est. value
$6.9M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2010
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
27.02 ac
Current owner
From public records · entity-resolved
Ns Retail Hldgs LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
May 19, 2020
$9,150,000
Ns Retail Hldgs LLC
Newark Plz LLC
Warranty Deed
—
Oct 16, 2015
$16,450,000
Newark Plaza LLC
Addendum
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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