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Property profile & analytics
OFF-MARKET Estimated value $535,000
Banks

87 Main St Millerton, NY 12546-5172

4,919 SF 0.89 ac lot Built 2010
Trust Owned 17-yr Hold Free & Clear
Property ID
US63-0878761
Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2010
Total area 4,919 SF
Lot 0.89 ac (38,768 SF)
Zoning code GB
APN 133801 7271-14-483274-0000
UPID US63-0878761
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
  • Downey, Haab & Murphy PLLC Law Firm
  • Murphy Gary L Law Firm
  • NBT Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
$736k
Blend (final) Blend
$535k
Owner & transaction history
Salisbury Bank & Trust Co · 17 yrs held
Salisbury Bank & Trust Co
since 2009
1 recorded transaction
2009
$1.2M
Zoning & alternative use
GB · Millerton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

General Business District - GB. Site plan approval. All uses permitted under this section shall be subject to site plan approval as provided by § 170-24 . Permitted principal uses, building and other structures. Residential use only if clearly secondary to a principle commercial use. Apparel and accessory stores. Bakery employing not more than five persons.…

Zone name General Business
General category COMMERCIAL
Zone area 24.66 ac
Top alternative use upside
Auto repair, garage $485,000 +8.2%
Commercial (general) $485,000 +7.5%
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