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Property profile & analytics
FOR SALE
Manufacturing properties
8438-8440 Seneca Tpke, New Hartford, NY 13413
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-2286480
For Sale
$699,000
8438-8440 Seneca Tpke, New Hartford, NY 13413
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Total area
6,636 SF
Lot
4.37 ac (190,357 SF)
Zoning code
05 - COMMERCIAL
APN
304889 328.011-1-20.2
UPID
US63-2286480
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
$610k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
8438 Seneca Turnpike LLC · 5 yrs held
8438 Seneca Turnpike LLC
since 2021
Last sale
$440,000
2 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · New Hartford, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$805,000
+371.2%
Auto repair, garage
$795,000
+364.8%
Commercial (general)
$675,000
+293.9%
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 New Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hartford 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
$605,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
RESTAURANT
$805,000
Change: +371% · Conversion: Difficult
AUTO REPAIR, GARAGE
$795,000
Change: +365% · Conversion: Easy
COMMERCIAL (GENERAL)
$675,000
Change: +294% · Conversion: Difficult
RETAIL STORES
$380,000
Change: +122% · Conversion: Moderate
WAREHOUSE, STORAGE
$355,000
Change: +108% · Conversion: Easy
MEDICAL BUILDING
$320,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $440k (May 7 2021)
Last sale anchor
$440k
May 7 2021
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
$76 / 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
$230,000
Assessed 2023
Previous assessed
$230,000
+0.0% YoY
Assessed land
$94,000
Assessed improvement
$136,000
Land market value
$164,912
Improvement market value
$238,597
Total market value
$403,509
Applied tax rate
304,801.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1972
Heating
NONE
Buildings
2
Stories
2
Total area
6,636 SF
Lot
4.37 ac (190,357 SF)
Zoning code
05 - COMMERCIAL
APN
304889 328.011-1-20.2
UPID
US63-2286480
Jurisdiction
ONEIDA
Zoning & alternative use
05 - COMMERCIAL · New Hartford, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · New Hartford, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RETAIL STORES
Est. value
$380,000
WAREHOUSE, STORAGE
Est. value
$355,000
MEDICAL BUILDING
Est. value
$320,000
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL 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
1972
Heating
NONE
Stories
2
Buildings
2
Lot
4.37 ac
Current owner
From public records · entity-resolved
8438 Seneca Turnpike LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 560, NEW HARTFORD, NY 13413-0560
Ownership since
2021
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 7, 2021
—
8438 Seneca Turnpike LLC
Sheldon R Sloan Ret
Deed
—
Jan 30, 2013
—
Sheldon R Sloan
Sloan,s Ross
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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