Add Listing
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

    1116 Rte 23a Catskill, NY 12414-5622

    • Motels
    • 3,252 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5435434
    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

    • Motels

    Property Details for 1116 Rte 23a

    Year built
    1958
    Lot size
    1.30 lot acres
    Property size
    3,252 SF
    Zone code
    02 - SINGLE RESIDENCE
    Property type
    Motels
    APN
    192689 156.10-1-24.1
    APU
    192689156101241

    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
    Catskill
    County
    Greene
    State
    New York
    Longitude
    -73.8628
    Latitude
    42.2282

    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
    0
    $0.00
    $71,500
    $263,500
    $335,000
    -
    $197,241
    $726,897
    $924,138

    Comparable in this City

    • Value Estimation by Request
      3,136 SF

      14 Mtn Tpke Rd

      MOTEL • 3,136 SF
      14 Mtn Tpke Rd, Catskill, NY 12414-6811
      View Details
    • Value Estimation by Request
      4,972 SF

      5630 Cauterskill Rd

      MOTEL • 4,972 SF
      5630 Cauterskill Rd, Catskill, NY 12414-6708
      View Details
    • Value Estimation by Request
      2,635 SF

      4555 Rte 32

      MOTEL • 2,635 SF
      4555 Rte 32, Catskill, NY 12414-6623
      View Details
    • Value Estimation by Request
      4,980 SF

      7848 Us Hwy 9w

      MOTEL • 4,980 SF
      7848 Us Hwy 9w, Catskill, NY 12414-5042
      View Details
    • Value Estimation by Request
      14,024 SF

      Mtn Tpke Rd

      MOTEL • 14,024 SF
      Mtn Tpke Rd, Catskill, NY 12414
      View Details
    • Value Estimation by Request
      1,740 SF

      5063 Rte 32

      MOTEL • 1,740 SF
      5063 Rte 32, Catskill, NY 12414-5516
      View Details

    Similar Nearby for Sale

    • $6,500,000

      29.6-Acre Resort Investment Opportunity

      29.6-acre resort with 380 studios, ideal for hotel/Airbnb.
      4858 Route 32, Catskill, NY 12414
      View Details
    • New
      $2,995,000
      193.00 Acres

      Historic Catskill Game Farm Property

      193-acre property with inn, barns, and development potential.
      400 Game Farm Rd, Catskill, NY 12414
      View Details
    • Contact for pricing
      11,466 SF

      Catskill Commercial Property Near Thruway

      Banquet hall and restaurant with redevelopment potential near Hudson.
      746 Route 23B, Catskill, NY 12414
      View Details
    • $4,500,000

      Historic Catskills Resort Revival Opportunity

      170+ acres with a resort, convention center, and more.
      4858 Route 32, Catskill, NY 12414
      View Details
    • $6,500,000
      316,038 SF

      Unique Resort with Development Potential

      29.6-acre resort with studios, retail, and event space.
      4858 Route 32, Catskill, NY 12414
      View Details
    • $2,995,000
      9,600 SF

      Former Catskill Game Farm Inn

      193-acre property with inn, buildings, and recreational opportunities.
      400 Game Farm Rd, Catskill, NY 12414
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      816 SF

      Catskill Village Remodeled Office Units

      Remodeled office units in historic Catskill building for rent.
      335 10Th St, Catskill, NY 12414
      View Details
    • $2,500 /Mo
      2,362 SF

      High-Visibility Commercial Space Available

      2,362 sq ft commercial space with high traffic exposure.
      175 W Bridge St, Catskill, NY 12414
      View Details
    • $2,000 /Mo

      Main Street Commercial Space

      Customizable commercial space in the heart of Catskill.
      385 Main St, Catskill, NY 12414
      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.
    1116 Rte 23a
    Catskill, NY 12414-5622
    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.
    Sign Up Successful!
    You now have access to more from Realmo!