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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
8016 Genesee St Fayetteville, NY 13066-9692
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0322237
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
5,252 SF
Lot
1.63 ac (71,003 SF)
Zoning code
CB
APN
313889 090.-01-06.7
UPID
US63-0322237
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
-
The Alexandre Centre for Children's Health Medical Clinic
-
Derek Nguyen Dental Office
-
Robison Edward D DDS Dental Office
-
Dr. Jerome Laffer, DMD Dental Office
-
Beil Roxann Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$605k
Owner & transaction history
8016 E Genesee St LLC · 2 yrs held
8016 E Genesee St LLC
since 2023
Last sale
$600,000
1 recorded transaction
Zoning & alternative use
CB · Fayetteville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$875,000
+56.9%
Neighborhood: shopping center
$560,000
+0.9%
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 Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville 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
$655,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Current use
RESTAURANT
$875,000
Change: +57% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$480,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $600k (Dec 28 2023)
Last sale anchor
$600k
Dec 28 2023
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
$115 / 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
$607,000
Assessed 2023
Previous assessed
$607,000
+0.0% YoY
Assessed land
$68,300
Assessed improvement
$538,700
Land market value
$68,300
Improvement market value
$538,700
Total market value
$607,000
Applied tax rate
313,801.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,252 SF
Lot
1.63 ac (71,003 SF)
Zoning code
CB
APN
313889 090.-01-06.7
UPID
US63-0322237
Jurisdiction
ONONDAGA
Zoning & alternative use
CB · Fayetteville, NY
Zoning CB · permitted uses
CB · Fayetteville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fayetteville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$555,000
RESTAURANT
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$480,000
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1992
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
8016 E Genesee St LLC
Entity
Mailing address
625 GATEHOUSE RD, TULLY, NY 13159-3303
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
$600,000
8016 E Genesee St LLC
Laffer-dillingham P
Warranty Deed
$467,000 · Laffer Dillingham Pro
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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