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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Auto shops
106 Jefferson St Monticello, NY 12701-1168
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-1906639
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1950
Total area
6,069 SF
Lot
0.32 ac (13,939 SF)
Zoning code
BL1
APN
484601 104.-2-12.1
UPID
US63-1906639
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
-
New 2 U Thrift & Gift Store Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$479k
Blend (final)
Blend
$625k
Owner & transaction history
Place Dev Grp LLC · 1 yrs held
Place Dev Grp LLC
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
BL1 · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$610,000
+13.1%
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$540,000
Current use
RESTAURANT
$610,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$475,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$445,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Jul 17 2024)
Last sale anchor
$625k
Jul 17 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
$103 / 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
$213,600
Assessed 2023
Previous assessed
$213,600
+0.0% YoY
Assessed land
$32,200
Assessed improvement
$181,400
Land market value
$64,400
Improvement market value
$362,800
Total market value
$427,200
Applied tax rate
484,601.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
1
Total area
6,069 SF
Lot
0.32 ac (13,939 SF)
Zoning code
BL1
APN
484601 104.-2-12.1
UPID
US63-1906639
Jurisdiction
SULLIVAN
Zoning & alternative use
BL1 · Monticello, NY
Zoning BL1 · permitted uses
BL1 · Monticello, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monticello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$540,000
RESTAURANT
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$475,000
OFFICE BUILDING
Est. value
$445,000
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1950
Heating
NONE
Stories
1
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Place Dev Grp LLC
Entity
Free & Clear · 1 yrs held
Mailing address
106 JEFFERSON ST, MONTICELLO, NY 12701-1168
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2024
$625,000
Place Dev Grp LLC
Monticello Vt Cap LLC
Deed
—
May 6, 2024
—
Place Dev Grp LLC
Altman Lnd Constr Corp
Quit Claim Deed
related
—
Feb 10, 2020
$230,000
Altman Land Construction Corp
Squash Contracting INC
Grant Deed
$243,250 · Squash Contracting INC
Sep 27, 2017
—
Squash Contracting INC
Referee Of Sullivan County|kapito,steven
Trustees Deed
related
$150,000 · Squash Contracting INC
—
—
Steven Kapito
—
Deed Of Trust
related
$150,000 · Country Bank
—
—
Steven Kapito
—
Deed Of Trust
related
$25,000 · Country Bank
—
—
Steven Kapito
—
Loan Modification
related
$101,779 · Country Bk
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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