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Property profile & analytics
OFF-MARKET
Estimated value
$7,605,000
Hotels
1533 State Rte 9th 9, Lake George, NY 12845-3438
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3904618
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Total area
69,646 SF
Lot
4.96 ac (216,058 SF)
Zoning code
CI
APN
523400 288.8-1-5.2
UPID
US63-3904618
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
$7.53M
CAP Approach
CAP
$8.25M
Comparable Approach
Comparable
$8.44M
Blend (final)
Blend
$7.61M
Owner & transaction history
1533 Queensbury LLC · 4 yrs held
1533 Queensbury LLC
since 2022
Last sale
$6.5M
2 recorded transactions
Zoning & alternative use
CI · Lake George, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lake George submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake George 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
$8,420,000
ML approach
$7,525,000
CAP Approach
CAP Return
Estimation
6%
$8,930,000
6.5%
$8,245,000
7%
$7,655,000
Blend value · Realmo final
$7.61M
Range $6.84M – $8.37M · ±10% · vs last sale $6.50M (Mar 2 2022)
Last sale anchor
$6.50M
Mar 2 2022
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
$109 / 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
Tax billed
$47,865
Tax year 2021
Assessed value
$4,235,300
Assessed 2023
Previous assessed
$4,235,300
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$539,000
Assessed improvement
$3,696,300
Land market value
$634,117
Improvement market value
$4,348,583
Total market value
$4,982,700
Applied tax rate
522,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2006
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
69,646 SF
Lot
4.96 ac (216,058 SF)
Zoning code
CI
APN
523400 288.8-1-5.2
UPID
US63-3904618
Jurisdiction
WARREN
Zoning & alternative use
CI · Lake George, NY
Zoning CI · permitted uses
CI · Lake George, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake George. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
4.96 ac
Current owner
From public records · entity-resolved
1533 Queensbury LLC
Entity
Mailing address
51 ANDERSON RD, CHEEKTOWAGA, NY 14225-4905
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$6,500,000
1533 Queensbury LLC
Vsd Or LLC
Deed
$5,600,000 · State Bank
Jul 19, 2006
—
Royal Hospitality LLC
Stark,george H & Marilyn E
Warranty Deed
—
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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