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10199 Old Route 17, Hancock, NY 13756
Riverfront lodging property includes a detached office, basement laundry, and owned solar panels.
Property Size2,489 SF
Price / SF$220.97
Days on Market221
Property Features for 10199 Old Route 17
General Information
Standard status
Active
Size
2,489 SF
Property subtype
Hospitality
Zoning
N
Net Operating Income
$74,400
Amenities
detached office
on-site laundry in the basement
owned solar panels
Building Details
Buildings
1
Listing Agency:
Keller Williams Hudson Valley
(917) 476-5216
Listed By:
Dominique Jenkins · License #10401339798
Source:
Crexi
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 30 at 9:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Hudson Valley
Investment Insights
Based on property information with market context.
This motel contains 2,489 SF with 12 guest rooms arranged on a riverfront parcel. Supporting improvements include a detached office, basement laundry facilities, more than 20 off-street parking spaces, and owned solar panels.
The property is located along the Delaware River at 10199 Old Route 17 in Hancock, NY 13756. The surrounding area is associated with fly-fishing, hiking, mountain scenery, and year-round outdoor recreation. Zoning is identified as N.
The property is located along the Delaware River at 10199 Old Route 17 in Hancock, NY 13756. The surrounding area is associated with fly-fishing, hiking, mountain scenery, and year-round outdoor recreation. Zoning is identified as N.
Key Highlights
- 2,489 SF motel with 12 guest rooms
- Riverfront parcel along the Delaware River
- 20+ off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,621
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,420
$372.4K
Cap Rate 7%
$266,014
$266.0K
Cap Rate 9%
$206,900
$206.9K
Market Conditions
NOI Build-Up for 2,489 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.8K $18.00/SF
− Vacancy
−$5.6K −$2.25/SF
EGI
$39.2K $15.75/SF
− OpEx
−$20.6K −$8.27/SF
NOI
$18.6K $7.48/SF
Area
Delaware County, NY
Vacancy
12.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,420
Cap Rate 7%
$266,014
Cap Rate 9%
$206,900
Alternative Uses
Best Use
Hotel Hospitality
$266.0K
$232.8K – $310.4K
NOI $18,621 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,482 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13756, NY
475
Population
669
Households
0.7
Avg Household Size
53
Median Age
26%
College-Educated
92%
High-School Grad
45.0 sq mi
ZIP Area
11
Density / Sq Mi
$71,458
Median Household Income
$39,849
Median Earnings
$1,660
Median Rent
$148,900
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Delaware River Club Fly Fishing Resort — 1228 Winterdale Rd, Starlight, PA 18461
- Upper Delaware Inn — 521 W Main St, Hancock, NY 13783
Frequently Asked Questions
What type of property is this?
Motel - Riverfront lodging property includes a detached office, basement laundry, and owned solar panels.
Where is this motel located?
The property is located at 10199 Old Route 17 Hancock, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,489 SF motel with 12 guest rooms; Riverfront parcel along the Delaware River; 20+ off‑street parking spaces
