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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Warehouses
98 Scobie Dr Newburgh, NY 12550-3257
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3006395
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
24,431 SF
Lot
5.2 ac (226,512 SF)
Zoning code
IND
APN
331100 1-1-4.2
UPID
US63-3006395
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
-
Bestfoods Baking Co Bakery Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.67M
CAP Approach
CAP
$3.73M
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$3.67M
Owner & transaction history
Yb Scobie LLC · 1 yrs held
Yb Scobie LLC
since 2024
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
IND · Newburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.0M
+149.8%
Office building
$4.7M
+130.4%
Auto repair, garage
$4.1M
+102.2%
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 Newburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburgh 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
$3,665,000
ML approach
$3,665,000
CAP Approach
CAP Return
Estimation
6%
$4,035,000
6.5%
$3,725,000
7%
$3,455,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,040,000
Change: +150% · Conversion: Moderate
OFFICE BUILDING
$4,650,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,080,000
Change: +102% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,805,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,305,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±10% · vs last sale $3.66M (Aug 26 2024)
Last sale anchor
$3.66M
Aug 26 2024
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
$150 / 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 2021Property tax & assessments
Tax year 2021
Assessed value
$1,457,000
Assessed 2023
Previous assessed
$1,457,000
+0.0% YoY
Assessed land
$338,800
Assessed improvement
$1,118,200
Land market value
$338,800
Improvement market value
$1,118,200
Total market value
$1,457,000
Applied tax rate
331,100.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
24,431 SF
Lot
5.2 ac (226,512 SF)
Zoning code
IND
APN
331100 1-1-4.2
UPID
US63-3006395
Jurisdiction
ORANGE
Zoning & alternative use
IND · Newburgh, NY
Zoning IND · permitted uses
IND · Newburgh, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newburgh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
5.2 ac
Current owner
From public records · entity-resolved
Yb Scobie LLC
Entity
Mailing address
98 SCOBIE DR STE #3, NEWBURGH, NY 12550-3257
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 26, 2024
$3,662,500
Yb Scobie LLC
Blinn Mazzucca Rlty LLC
Deed
$2,563,500 · Finwise Bank
Feb 24, 2023
$800,000
Edgar Meza
Cornelia M Deronde Relt
Deed
—
Dec 8, 2022
—
Joseph Svede
—
Deed
related
$21,150 · Secretary Housing Urban Development
Oct 5, 2022
$6,000,000
Dolsontown Road East LLC
Dolstontown Road LLC
Deed
$4,500,000 · Dolsontown Lender Ll
—
—
Blinn Mazzucca Realty LLC
—
Deed Of Trust
related
$201,868 · Snowflake LP
—
—
Blinn Mazzucca Realty LLC
—
Loan Modification
related
$500,000 · Snowflake LP
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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