Technical
Financial
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Property profile

193 County Hwy 49 Morris, NY 13808

OFF-MARKET
Office buildings
Property ID
US63-4280496
3,264 SF 5.49 ac lot Built 1998
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Grove is a purpose-built wedding and conference/event center in a scenic Central New York setting, located approximately 15 minutes from Interstate 88, Cooperstown All Star Village baseball camp facilities, and major hotel chains. The property is sited within a combination of mature tree groves and an open meadow, with the rear boundary along historic Butternut Creek. On-site, a chapel includes a lounge area, restrooms, and an office. The chapel complex also contains a meeting room with a stage, a sound system, and seating capacity for up to 150 guests. Adjacent to the chapel is a multi-purpose event center featuring a bridal lounge, upscale restrooms, and a fully equipped kitchen/service area; it includes a dining area with tables and chairs, a dance floor, and direct access to two patio areas. French doors open from the dance floor to a side patio that supports an outdoor extended bar/service setup, and the rear patio includes a built-in service bar plus a step-down to a fire pit. The grounds provide views of Butternut Creek and include an oversized fire pit area. The facility has been configured to support scheduled events.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 3,264 SF
Lot 5.49 ac (239,144 SF)
APN 364289 221.00-1-48.00
UPID US63-4280496

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service
  • Church

Location

193 County Hwy 49 Morris, NY 13808-2141
Morris metro Census 591500 ONEONTA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2022
Last sale
$195,000
5 recorded transactions
2022
$195,000
2019
Price N/A
2017
$100,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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