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Property profile & analytics
OFF-MARKET
Estimated value
$6,105,000
Medical Office Space
99 6th Ave Ilion, NY 13357-1527
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-4527089
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1972
Total area
55,848 SF
Lot
1.53 ac (66,647 SF)
Zoning code
OP
APN
212801 119.35-1-49
UPID
US63-4527089
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
-
The Grand Rehabilitation and Nursing at Mohawk Valley Nursing Home
-
Adult Day Healthcare at The Grand Rehabilitation and Nursing at Mohawk Valley Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.11M
Owner & transaction history
Gjw Properties LLC · 4 yrs held
Gjw Properties LLC
since 2022
3 recorded transactions
Zoning & alternative use
OP · Ilion, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ilion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ilion 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
RESTAURANT
$5,870,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,555,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,035,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,790,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.11M
Range $5.49M – $6.72M · ±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
$109 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$23,894
Tax year 2020
Assessed value
$385,750
Assessed 2023
Previous assessed
$385,750
+0.0% YoY
Effective rate
6.19%
On assessed value
Assessed land
$49,100
Assessed improvement
$336,650
Land market value
$89,273
Improvement market value
$612,091
Total market value
$701,364
Applied tax rate
212,803.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1972
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
4
Total area
55,848 SF
Lot
1.53 ac (66,647 SF)
Zoning code
OP
APN
212801 119.35-1-49
UPID
US63-4527089
Jurisdiction
HERKIMER
Zoning & alternative use
OP · Ilion, NY
Zoning OP · permitted uses
OP · Ilion, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ilion. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$3.8M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1972
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Gjw Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
70 E SUNRISE HWY STE #605, VALLEY STREAM, NY 11581-1233
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
—
Gjw Properties LLC
Mvnh Realty 2 LLC
Deed
—
Mar 24, 2022
$13,750,000
Grand Mohawk Rlty 2 LLC
Gjw Properties LLC
Deed
—
Dec 27, 2010
—
Mvnh Realty II LLC
Mvnh Realty LLC
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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