401 GermanHerkimer, NY 13350

  • Office buildings
  • 14,364 SF
Off market
$16,030,080 Estimated

Property Details for 401 German

Year built
1920
Lot size
1.60 AC
Property size (Sq ft)
14,364 SF
Zone code
R3
Property type
Office buildings
APN
213001 113.73-3-21
APU
21300111373321

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,568,240
    6.5%
    $3,293,760
    7%
    $3,058,492
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,889,416
    Geo Method
    $1,876,800
  • Alternative Use

    Use
    Valuation
    Residential
    $4,084,263
    Hospitality
    $3,741,163
    Educational
    $3,112,604
    Medical
    $3,219,650
    Retail
    $4,841,828
401 German, Herkimer, New York

Location Insight

City
Herkimer
County
Herkimer
State
New York
Latitude
43.0341
Longitude
-74.9882
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
$19,839
$61,800
$103,200
$165,000
-
$90,882
$151,765
$242,647

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