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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Motels
16 Raceway Rd, Monticello, NY 12701-1112
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3277900
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Total area
22,700 SF
Lot
2.85 ac (124,146 SF)
Zoning code
BL1
APN
484601 109.-1-2.1
UPID
US63-3277900
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
-
Best Western Monticello Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.17M
Owner & transaction history
Ohm LLC · 1 yrs held
Ohm LLC
since 2024
4 recorded transactions
Zoning & alternative use
BL1 · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+47.4%
Auto repair, garage
$2.0M
+30.6%
Commercial (general)
$2.0M
+28.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,425,000
6.5%
$2,240,000
7%
$2,080,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,535,000
Current use
RESTAURANT
$2,260,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,005,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,960,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,775,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$1,455,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,380,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±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
$96 / 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
$1,910,500
Assessed 2023
Previous assessed
$1,910,500
+0.0% YoY
Assessed land
$105,800
Assessed improvement
$1,804,700
Land market value
$211,600
Improvement market value
$3,609,400
Total market value
$3,821,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
3
Total area
22,700 SF
Lot
2.85 ac (124,146 SF)
Zoning code
BL1
APN
484601 109.-1-2.1
UPID
US63-3277900
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
HOTEL/MOTEL Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE 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
1989
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
3
Lot
2.85 ac
Current owner
From public records · entity-resolved
Ohm LLC
Entity
Mailing address
16 RACEWAY RD, MONTICELLO, NY 12701-1112
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2024
—
Ohm LLC
—
Deed
related
$3,074,719 · Catskill Hudson Bank
Dec 11, 2017
—
Ohm LLC
—
Deed
related
$2,200,000 · Catskill Hudson Bk
—
—
Ohm LLC
—
Deed Of Trust
related
$1,904,788 · Catskill Hudson Bank
—
—
Ohm LLC
—
Loan Modification
related
$2,200,000 · Catskill Hudson 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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