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Property profile & analytics
OFF-MARKET
Estimated value
$5,430,000
Office buildings
8635 Clinton St, New Hartford, NY 13413-3408
Individually Owned
4-yr Hold
Free & Clear
Property ID
US63-2056930
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
50,000 SF
Lot
4.2 ac (182,952 SF)
Zoning code
05 - COMMERCIAL
APN
304889 316.020-1-11.1
UPID
US63-2056930
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
-
New Hartford Police Department Police Department
-
New Hartford Town Office City Government Office
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.49M
Blend (final)
Blend
$5.43M
Owner & transaction history
New Hartford Town Of · 4 yrs held
New Hartford Town Of
since 2021
7 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · New Hartford, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.5M
+29.8%
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
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
OFFICE BUILDING
$5,035,000
Current use
RESTAURANT
$6,535,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$5.43M
Range $4.89M – $5.97M · ±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
$109 / 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
$11,100,000
Assessed 2023
Previous assessed
$11,100,000
+0.0% YoY
Assessed land
$420,000
Assessed improvement
$10,680,000
Land market value
$736,842
Improvement market value
$18,736,842
Total market value
$19,473,684
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
1
Stories
1
Total area
50,000 SF
Lot
4.2 ac (182,952 SF)
Zoning code
05 - COMMERCIAL
APN
304889 316.020-1-11.1
UPID
US63-2056930
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
OFFICE BUILDING Current
Est. value
$5.0M
RESTAURANT
Est. value
$6.5M
OFFICE BUILDING Current
RESTAURANT
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
2004
Heating
NONE
Stories
1
Buildings
1
Lot
4.2 ac
Current owner
From public records · entity-resolved
New Hartford Town Of
Individual
Free & Clear · 4 yrs held
Mailing address
8635 CLINTON ST, NEW HARTFORD, NY 13413-3408
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2021
—
New Hartford Town Of
Barkett Group INC
Deed
—
Jun 28, 2018
$1,900,000
Town Of New Hartford
Spirit Master Funding LLC
Grant Deed
—
Jan 24, 2018
—
Spirit Master Funding LLC
—
Loan Modification
related
$8,550,000 · Citibank
Jul 27, 2005
—
Master Fund Spirit
Spirit Finance Acquisitions
Quit Claim Deed
—
Oct 11, 2004
$7,160,734
Spirit Finance Asquisitio
Ktj Limited Partnership
Warranty Deed
—
Jun 17, 2004
—
Jidd Rd Group LLC
Ktj LP 102
Warranty Deed
related
—
Jun 10, 2004
$440,000
Ktj LP 102
Judd Rd Group LLC
Warranty Deed
—
Jun 10, 2004
$1,294,600
Judd Rd Group LLC
Ellinwood Industrial Park LLC
Warranty 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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