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Property profile & analytics
OFF-MARKET
Estimated value
$24,040,000
Manufacturing properties
875 Western Hwy, Blauvelt, NY 10913-1348
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1250041
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Total area
97,200 SF
Lot
6.2 ac (270,072 SF)
Zoning code
LO
APN
392489 65.13-1-2
UPID
US63-1250041
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
by Request
CAP Approach
CAP
$21.23M
Comparable Approach
Comparable
$25.80M
Blend (final)
Blend
$24.04M
Owner & transaction history
Asahi Depository LLC · 4 yrs held
Asahi Depository LLC
since 2022
Last sale
$24.6M
6 recorded transactions
Zoning & alternative use
LO · Blauvelt, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$35.7M
+23.1%
Warehouse, storage
$34.9M
+20.7%
Neighborhood: shopping center
$30.0M
+3.7%
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 Blauvelt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blauvelt 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%
$23,000,000
6.5%
$21,230,000
7%
$19,715,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$28,960,000
Current use
COMMERCIAL (GENERAL)
$35,655,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$34,940,000
Change: +21% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$30,025,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$24.04M
Range $21.64M – $26.44M · ±10% · vs last sale $24.57M (Mar 7 2022)
Last sale anchor
$24.57M
Mar 7 2022
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
$247 / 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
$2,235,600
Assessed 2023
Previous assessed
$2,235,600
+0.0% YoY
Assessed land
$589,300
Assessed improvement
$1,646,300
Land market value
$1,653,943
Improvement market value
$4,620,545
Total market value
$6,274,488
Applied tax rate
392,401.0000
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
Off-Market
Year built
1982
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
97,200 SF
Lot
6.2 ac (270,072 SF)
Zoning code
LO
APN
392489 65.13-1-2
UPID
US63-1250041
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LO · Blauvelt, NY
Zoning LO · permitted uses
LO · Blauvelt, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blauvelt. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$29.0M
COMMERCIAL (GENERAL)
Est. value
$35.7M
WAREHOUSE, STORAGE
Est. value
$34.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
6.2 ac
Current owner
From public records · entity-resolved
Asahi Depository LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4601 W 2100TH S, SALT LAKE CITY, UT 84120-1221
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$24,565,000
Asahi Depository LLC
Pg Oe 875 Western Higway Owner LLC
Bargain And Sale Deed
—
Apr 19, 2021
$3,220,783
Pg Oe 877 Western Highway Owner LLC
Ag Oe 877 Western Highway Owner LLC
Bargain And Sale Deed
—
Apr 19, 2021
$9,821,399
Pg Oe 875 Western Highway Owner LLC
Ag Oe 875 Western Highway Owner LLC
Bargain And Sale Deed
—
Aug 27, 2019
—
Ag-oe 500 Bradley Hill Road
—
Grant Deed
related
$50,798,839 · Bank Of America
May 9, 2019
$10,603,000
Ag-oe 875 Wstn Highway Owner L
Bcpp Holding LLC
Grant Deed
—
May 9, 2019
—
Bcpp Holding LLC
Pontiac Holding 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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