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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Warehouses
888 State Rte 434, Owego, NY 13827-1740
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3211958
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
2005
Total area
8,400 SF
Lot
4 ac (174,240 SF)
Zoning code
ZONE
APN
493089 129.00-1-10.12
UPID
US63-3211958
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Sroa 888 St RT 434 Ny LLC · 4 yrs held
Sroa 888 St RT 434 Ny LLC
since 2022
6 recorded transactions
Zoning & alternative use
ZONE · Owego, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$970,000
+7.8%
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 Owego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owego 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
WASTE DISPOSAL, SEWAGE (PROCESSING, DISPOSAL, STORAGE, TREATMENT)
$900,000
Current use
RESTAURANT
$970,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$720,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$73 / 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
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$10,184
Tax year 2019
Assessed value
$512,600
Assessed 2023
Previous assessed
$512,600
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$46,700
Assessed improvement
$465,900
Land market value
$86,481
Improvement market value
$862,778
Total market value
$949,259
Applied tax rate
493,001.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
5
Stories
1
Total area
8,400 SF
Lot
4 ac (174,240 SF)
Zoning code
ZONE
APN
493089 129.00-1-10.12
UPID
US63-3211958
Jurisdiction
TIOGA
Zoning & alternative use
ZONE · Owego, NY
Zoning ZONE · permitted uses
ZONE · Owego, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Owego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WASTE DISPOSAL, SEWAGE (PROCESSING, DISPOSAL, STORAGE, TREATMENT) Current
Est. value
$900,000
RESTAURANT
Est. value
$970,000
OFFICE BUILDING
Est. value
$720,000
WASTE DISPOSAL, SEWAGE (PROCESSING, DISPOSAL, STORAGE, TREATMENT) Current
RESTAURANT
OFFICE 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
2005
Heating
NONE
Stories
1
Buildings
5
Lot
4 ac
Current owner
From public records · entity-resolved
Sroa 888 St RT 434 Ny LLC
Entity
Mailing address
324 DATURA ST STE #338, WEST PALM BEACH, FL 33401-5417
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
May 26, 2023
—
Spoa 88 St Rte 34 Ny LLC
—
Deed
related
$2,040,000 · Teachers Insurance
Apr 21, 2022
—
Sroa 888 St RT 434 Ny LLC
5 Star Store It So LLC
Deed
$3,218,201 · Goldman Sachs Bank USA
Nov 9, 2021
—
5 Star Store It So LLC
—
Deed
related
$4,493,851 · S & T Bank
Apr 4, 2017
—
Southern Tier Storage,llc
Rj Development, LLC
Deed
—
Apr 4, 2017
$500,000
Tier LLC Five Star Store It Souther
Tier LLC Five Star Store It Souther
Deed
related
$5,283,080 · First Commonwealth Bk
Oct 13, 2005
$140,000
R J Devl LLC
Enter INC Growing Years Childrens C
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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