Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Herk St, NY

    • Investment properties
    • 1,008 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4471161
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details

    Year built
    1950
    Lot size
    0.23 lot acres
    Property size
    1,008 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    213801 100.58-1-13
    APU
    21380110058113

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Herk St
    County
    Herkimer
    State
    New York
    Longitude
    -74.9721
    Latitude
    43.1374
    CBSA code
    46540
    CBSA name
    UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $1,284
    $12,000
    $30,000
    $42,000
    -
    $17,911
    $44,776
    $62,687

    Comparable in this City

    • Value Estimation by Request
      14.39 Acres

      Clubhouse Dr, NY

      STORE/OFFICE (MIXED USE) • 14.39 Acres
      Clubhouse Dr, NY
      View Details
    • Value Estimation by Request
      1,824 SF

      7714 Route

      STORE/OFFICE (MIXED USE) • 1,824 SF
      7714 Route, 298, NY
      View Details
    • Value Estimation by Request
      2,139 SF

      3670 Nys Rte

      STORE/OFFICE (MIXED USE) • 2,139 SF
      3670 Nys Rte, 206, NY
      View Details
    • Value Estimation
      $3,155,000
      38,446 SF

      Oswego Rd, NY

      STORE/OFFICE (MIXED USE) • 38,446 SF
      Oswego Rd, NY
      View Details
    • Value Estimation by Request
      1,728 SF

      Rt 374, NY

      STORE/OFFICE (MIXED USE) • 1,728 SF
      941, Rt 374, NY
      View Details
    • Value Estimation by Request
      2,380 SF

      Chasm Rd, NY

      STORE/OFFICE (MIXED USE) • 2,380 SF
      Chasm Rd, NY
      View Details

    Similar Nearby for Sale

    • $2,900,000
      6,658 SF

      Mixed-Use Properties in South Jamaica

      Three mixed-use properties with retail and residential units.
      11024-11028 Merrick Blvd, Queens, NY
      View Details
    • Contact for pricing
      8,840 SF

      8,840 SF Commercial Condo For Sale

      8,840 SF Commercial Condo For Sale
      1414 West 4th St, Brooklyn, NY
      View Details
    • $185,000
      2,600 SF

      Mixed-Use Building with Dental Practice

      2600 SF building with dental practice and apartment.
      1500 Grant Blvd And Mayar St, Syracuse, NY
      View Details
    • Contact for pricing
      200 SF

      Retail, Mixed-Use, and Land Package

      Three properties with redevelopment and income-growth potential near transit.
      86-26 85 Dr, Queens, NY
      View Details
    • $750,000
      202.00 Acres

      202 Acres of Residential Land

      202 acres of residential land available in Out Of Area.
      50-51-54- Susannah Rust Run NE, NY
      View Details
    • $64,900
      5.60 Acres

      Undeveloped Land Near Kauneonga Lake

      5.6 acres of wooded land suitable for residential development.
      Hurd And Park Rd, Kauneonga Lake, NY
      View Details

    Similar Nearby for Lease

    • $55 SF/Yr
      9,871 SF

      1,720 SF - 9,871 SF Retail/Office For Lease

      1,720 SF - 9,871 SF Retail/Office For Lease
      1020 Rogers Avenue, Brooklyn, NY
      View Details
    • $1.00 SF/Yr
      69,106 SF

      Retail Space Available for Sublease

      Retail property available for sublease until 2032.
      41 Vista Blvd, Slingerlands, NY
      View Details
    • Contact for pricing
      195,000 SF

      Hudson Manufacturing and Warehouse Facility

      195,000 SF manufacturing/warehouse facility available for sublease in Hudson, NY.
      1 Vapor Trl, Hudson, NY
      View Details
    • $2,000 /Mo

      Cleared Land Ready for Storage

      Land suitable for truck or heavy equipment storage, move-in ready.
      2876 Ny-32, Saugerties, NY
      View Details
    • $11,000 /Mo
      1,400 SF

      Retail Space with Wraparound Frontage

      Retail space with ample light near Columbia University.
      2758 Bdwy, New York, NY
      View Details
    • Contact for pricing
      1,000 SF

      Tonawanda Retail Space For Rent

      Retail space available with high traffic and great visibility.
      2922 Ny-324, Tonawanda, NY
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Herk St, NY
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.