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Property profile & analytics
OFF-MARKET
Estimated value
$9,605,000
Manufacturing properties
721 Visions Dr Skaneateles, NY 13152-6475
Individually Owned
4-yr Hold
Free & Clear
Property ID
US63-3960292
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Total area
74,298 SF
Lot
17.77 ac (774,061 SF)
Zoning code
03 - MULTI-FAMILY
APN
315089 018.-02-39.0
UPID
US63-3960292
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
-
Waygate Technologies Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.89M
Blend (final)
Blend
$9.61M
Owner & transaction history
721 Skaneateles Dst · 4 yrs held
721 Skaneateles Dst
since 2022
Last sale
$13.3M
3 recorded transactions
Zoning & alternative use
03 - MULTI-FAMILY · Skaneateles, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.4M
+274.3%
Neighborhood: shopping center
$8.0M
+140.8%
Office building
$7.9M
+138.6%
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 Skaneateles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Skaneateles 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
$10,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$12,365,000
Change: +274% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,955,000
Change: +141% · Conversion: Difficult
OFFICE BUILDING
$7,880,000
Change: +139% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,650,000
Change: +132% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,780,000
Change: +105% · Conversion: Difficult
Blend value · Realmo final
$9.61M
Range $8.64M – $10.57M · ±10% · vs last sale $13.30M (Jun 2 2022)
Last sale anchor
$13.30M
Jun 2 2022
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
$129 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$3,343,410
Assessed 2023
Previous assessed
$3,343,410
+0.0% YoY
Assessed land
$393,500
Assessed improvement
$2,949,910
Land market value
$624,603
Improvement market value
$4,682,397
Total market value
$5,307,000
Applied tax rate
315,001.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
74,298 SF
Lot
17.77 ac (774,061 SF)
Zoning code
03 - MULTI-FAMILY
APN
315089 018.-02-39.0
UPID
US63-3960292
Jurisdiction
ONONDAGA
Zoning & alternative use
03 - MULTI-FAMILY · Skaneateles, NY
Zoning 03 - MULTI-FAMILY · permitted uses
03 - MULTI-FAMILY · Skaneateles, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Skaneateles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$12.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$6.8M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
17.77 ac
Current owner
From public records · entity-resolved
721 Skaneateles Dst
Individual
Free & Clear · 4 yrs held
Mailing address
5901 W CENTURY BLVD, LOS ANGELES, CA 90045-5405
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$13,300,000
721 Skaneateles Dst
Visions Drive 2 Dst
Deed
—
Mar 12, 2008
$12,447,703
Visions Dr2ve 1031 Dst
Nutting/rice Volney LLC
Deed
—
Dec 11, 2006
$393,500
Nutting/rice Volney LLC
Roy W Lootens
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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