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Property profile & analytics
OFF-MARKET
Estimated value
$7,885,000
Hotels
15 Xrds Ct, Newburgh, NY 12550-5064
Individually Owned
11-yr Hold
Free & Clear
Property ID
US63-4557926
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2005
Total area
73,585 SF
Lot
5.6 ac (243,936 SF)
Zoning code
04 - FARM
APN
334600 95-1-45.22
UPID
US63-4557926
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.52M
Comparable Approach
Comparable
$7.25M
Blend (final)
Blend
$7.89M
Owner & transaction history
Watchtower Bible · 11 yrs held
Watchtower Bible
since 2014
3 recorded transactions
Zoning & alternative use
04 - FARM · Newburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.4M
+139.0%
Auto repair, garage
$8.4M
+62.0%
Commercial (general)
$7.4M
+42.5%
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 Newburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburgh 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,230,000
6.5%
$8,520,000
7%
$7,910,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,205,000
Current use
RESTAURANT
$12,445,000
Change: +139% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,435,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,420,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$7,030,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$6,265,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$4,955,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$7.89M
Range $7.10M – $8.67M · ±10%
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
$107 / 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
$5,248,000
Assessed 2023
Previous assessed
$5,248,000
+0.0% YoY
Assessed land
$364,000
Assessed improvement
$4,884,000
Land market value
$1,685,969
Improvement market value
$22,621,631
Total market value
$24,307,600
Applied tax rate
331,100.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2005
Heating
NONE
Stories
4
Total area
73,585 SF
Lot
5.6 ac (243,936 SF)
Zoning code
04 - FARM
APN
334600 95-1-45.22
UPID
US63-4557926
Jurisdiction
ORANGE
Zoning & alternative use
04 - FARM · Newburgh, NY
Zoning 04 - FARM · permitted uses
04 - FARM · Newburgh, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newburgh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.2M
RESTAURANT
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.3M
RETAIL STORES
Est. value
$5.0M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2005
Heating
NONE
Stories
4
Lot
5.6 ac
Current owner
From public records · entity-resolved
Watchtower Bible
Individual
Free & Clear · 11 yrs held
Mailing address
900 RED MLS RD, WALLKILL, NY 12589-5200
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2014
$24,000,000
Watchtower Bible
Greenwood Gardens LLC
Grant Deed
—
Dec 30, 2014
—
Greenwood Gardens LLC
Orange County Indl Dev Agcy
Grant Deed
related
—
Oct 13, 2005
—
Orange County Industrial Devel
Greenwood Gardens LLC
Warranty Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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