Entity Owned Property summary
AI-generated overview
The property is a former Rite Aid pharmacy building totaling approximately 11,130 square feet, located on a high-visibility corner lot in downtown Massena, New York. The site features multiple curb cuts and provides close proximity to retail uses, and the building is suitable for leasing and/or redevelopment based on its existing retail-pharmacy configuration.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
11,152 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CBD
APN
405801 9.067-2-16.1
UPID
US63-1560007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pharmacy
-
Physician
-
Bank Credit Union
-
Pharmacy
-
Crypto Atm Atm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.08M
Owner & transaction history
since 2021
3 recorded transactions
Zoning & alternative use
CBD · Massena, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.08M
Value range
$1.87M – $2.28M
±10% around blend
Estimated value / SF
$186 / SF
Confidence
Property data
88
Comparable evidence
60
$1.87M
blend $2.08M
$2.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,152 SF
Lot area
0.94 ac
Year built
1998
Stories
1
APN
405801 9.067-2-16.1
Zoning
CBD
Assessed value
$1,275,000
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.18M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.37M
@ 6.5% CAP return
$2.18M
@ 7% CAP return
$2.03M
4
Sales comparison
Partial preview
Sales approach indication
$1.97M
Range $336k – $1.97M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.27M
Move the market yield to see immediate price impact.
Value / SF
$114
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$80k
$1.61M
$1.15M
$893k
$89k
$1.79M
$1.27M
$992k
$98k
$1.96M
$1.40M
$1.09M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$1,275,000
Assessed 2023
Previous assessed
$1,275,000
+0.0% YoY
Assessed land
$287,200
Assessed improvement
$987,800
Land market value
$350,244
Improvement market value
$1,204,634
Total market value
$1,554,878
Applied tax rate
405,801.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
11,152 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CBD
APN
405801 9.067-2-16.1
UPID
US63-1560007
Jurisdiction
ST LAWRENCE
Zoning & alternative use
CBD · Massena, NYZoning CBD · permitted uses
CBD · Massena, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.94 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CBD
Jurisdiction
Massena, NY
Recorded code
CBD
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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